Southern Asia: Methacrylic Acid Esters Market 2024

Methacrylic Acid Esters Market Size in Southern Asia

The South Asian methacrylic acid esters market fell slightly to $X in 2022, flattening at the previous year. In general, consumption enjoyed a resilient expansion. As a result, consumption reached the peak level of $X, leveling off in the following year.

Methacrylic Acid Esters Production in Southern Asia

In value terms, methacrylic acid esters production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Methacrylic Acid Esters Exports

Exports in Southern Asia

Methacrylic acid esters exports fell sharply to X tons in 2022, with a decrease of X% compared with the year before. Over the period under review, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, methacrylic acid esters exports contracted dramatically to $X in 2022. Overall, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

India dominates exports structure, accounting for X tons, which was approx. X% of total exports in 2022. Bangladesh (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the esters of methacrylic acid exports, with a CAGR of X% from 2012 to 2022. At the same time, Bangladesh (X%) displayed positive paces of growth. From 2012 to 2022, the share of India and Bangladesh increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest methacrylic acid esters supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total exports.

In India, methacrylic acid esters exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Bangladesh amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

Methacrylic Acid Esters Imports

Imports in Southern Asia

Methacrylic acid esters imports reduced to X tons in 2022, waning by X% against the year before. In general, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then declined modestly in the following year.

In value terms, methacrylic acid esters imports dropped to $X in 2022. Overall, imports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

India prevails in imports structure, resulting at X tons, which was near X% of total imports in 2022. Pakistan (X tons) and Bangladesh (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the esters of methacrylic acid imports, with a CAGR of X% from 2012 to 2022. At the same time, Bangladesh (X%) and Pakistan (X%) displayed positive paces of growth. India (X p.p.) significantly strengthened its position in terms of the total imports, while Pakistan saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported esters of methacrylic acid in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total imports.

In India, methacrylic acid esters imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Bangladesh (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the import price recorded a slight decrease. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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