Sweden: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in Sweden

The Swedish polymethyl methacrylate market reduced to $X in 2023, which is down by X% against the previous year. Overall, consumption, however, saw a strong increase. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

Polymethyl Methacrylate Production in Sweden

In value terms, polymethyl methacrylate production contracted to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a strong increase. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

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Polymethyl Methacrylate Exports

Exports from Sweden

In 2023, approx. X tons of polymethyl methacrylate in primary forms were exported from Sweden; dropping by X% against the previous year. Over the period under review, exports showed a pronounced curtailment. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, polymethyl methacrylate exports declined notably to $X in 2023. In general, total exports indicated a tangible expansion 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, exports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

Finland (X tons), Denmark (X tons) and Malaysia (X tons) were the main destinations of polymethyl methacrylate exports from Sweden, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Finland ($X) and Norway ($X) were the largest markets for polymethyl methacrylate exported from Sweden worldwide, with a combined X% share of total exports. Malaysia, Belgium, Lithuania, Switzerland, Hong Kong SAR and France lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average polymethyl methacrylate export price amounted to $X per ton, almost unchanged from the previous year. In general, the export price showed strong growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Polymethyl Methacrylate Imports

Imports into Sweden

After two years of growth, overseas purchases of polymethyl methacrylate in primary forms decreased by X% to X tons in 2023. Over the period under review, total imports indicated a mild expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2022, and then contracted significantly in the following year.

In value terms, polymethyl methacrylate imports contracted to $X in 2023. In general, total imports indicated a prominent expansion 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2022, and then fell in the following year.

Imports by Country

The United States (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of polymethyl methacrylate imports to Sweden, with a combined X% share of total imports. South Korea, Norway, Belgium and Italy lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest polymethyl methacrylate suppliers to Sweden were the United States ($X), Germany ($X) and the Netherlands ($X), together accounting for X% of total imports. South Korea, Norway, Belgium and Italy lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, South Korea, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average polymethyl methacrylate import price amounted to $X per ton, with an increase of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform