
Ukraine - Esters of Methacrylic Acid - Market Analysis, Forecast, Size, Trends and Insights
Ukraine: Methacrylic Acid Esters Market 2023
Methacrylic Acid Esters Market Size in Ukraine
In 2022, the Ukrainian methacrylic acid esters market decreased by -22.8% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption recorded a deep downturn. Methacrylic acid esters consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.
Methacrylic Acid Esters Exports
Exports from Ukraine
In 2022, after two years of decline, there was significant decline in overseas shipments of esters of methacrylic acid, when their volume decreased by -98.8% to X kg. In general, exports saw a sharp decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 505%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.
In value terms, methacrylic acid esters exports surged to $X in 2022. Overall, exports, however, showed a temperate increase. The pace of growth was the most pronounced in 2013 when exports increased by 327% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.
Exports by Country
Uzbekistan (X kg) was the main destination for methacrylic acid esters exports from Ukraine, accounting for a 97% share of total exports. It was followed by Latvia (X kg), with a 3% share of total exports.
From 2012 to 2022, the average annual growth rate of volume to Uzbekistan totaled -56.6%.
In value terms, Uzbekistan ($X) emerged as the key foreign market for esters of methacrylic acid exports from Ukraine, comprising 100% of total exports. The second position in the ranking was held by Latvia ($X), with a 0.4% share of total exports.
From 2012 to 2022, the average annual rate of growth in terms of value to Uzbekistan amounted to +29.6%.
Export Prices by Country
In 2022, the average methacrylic acid esters export price amounted to $X per ton, growing by 12,309% against the previous year. Over the period under review, the export price continues to indicate significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Latvia amounted to $X per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+198.5%).
Methacrylic Acid Esters Imports
Imports into Ukraine
In 2022, after three years of growth, there was significant decline in purchases abroad of esters of methacrylic acid, when their volume decreased by -22.7% to X tons. In general, imports saw a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 12% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.
In value terms, methacrylic acid esters imports declined rapidly to $X in 2022. Over the period under review, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of 27%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.
Imports by Country
China (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of methacrylic acid esters imports to Ukraine, with a combined 91% share of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +123.1%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Germany ($X), China ($X) and the United States ($X) were the largest methacrylic acid esters suppliers to Ukraine, together accounting for 83% of total imports.
Among the main suppliers, China, with a CAGR of +102.9%, recorded 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 2022, the average methacrylic acid esters import price amounted to $X per ton, shrinking by -1.8% against the previous year. Overall, the import price recorded a slight setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 34%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the methacrylic acid esters market in Ukraine. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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