South-Eastern Asia: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in South-Eastern Asia

The Southeast Asian polymethyl methacrylate market expanded remarkably to $X in 2023, growing by X% against the previous year. The total consumption indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. The level of consumption peaked in 2023 and is likely to see gradual growth in the near future.

Polymethyl Methacrylate Production in South-Eastern Asia

In value terms, polymethyl methacrylate production contracted modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2023, production failed to regain momentum.

Polymethyl Methacrylate Exports

Exports in South-Eastern Asia

In 2023, shipments abroad of polymethyl methacrylate in primary forms decreased by X% to X tons, falling for the second consecutive year after three years of growth. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, polymethyl methacrylate exports contracted markedly to $X in 2023. Overall, exports saw a pronounced reduction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

Singapore was the key exporting country with an export of about X tons, which accounted for X% of total exports. Malaysia (X tons) held the second position in the ranking, followed by Thailand (X tons) and Indonesia (X tons). All these countries together took approx. X% share of total exports. Vietnam (X tons) took a relatively small share of total exports.

Exports from Singapore decreased at an average annual rate of X% from 2012 to 2023. At the same time, Malaysia (X%), Indonesia (X%), Thailand (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. While the share of Malaysia (X p.p.), Thailand (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest polymethyl methacrylate supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Thailand, with an X% share.

In Singapore, polymethyl methacrylate exports decreased by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price saw a abrupt decline. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the export price figures.

Polymethyl Methacrylate Imports

Imports in South-Eastern Asia

In 2023, purchases abroad of polymethyl methacrylate in primary forms increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports posted strong growth. The pace of growth appeared the most rapid in 2022 with an increase of X%. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in years to come.

In value terms, polymethyl methacrylate imports contracted to $X in 2023. In general, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then shrank in the following year.

Imports by Country

In 2023, Malaysia (X tons), distantly followed by Singapore (X tons), Indonesia (X tons), Vietnam (X tons) and Thailand (X tons) represented the major importers of polymethyl methacrylate in primary forms, together mixing up X% of total imports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Singapore (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constitutes the largest market for imported polymethyl methacrylate in primary forms in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with an X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Malaysia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per ton, dropping by X% against the previous year. Overall, the import price showed a perceptible reduction. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform