ASEAN: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in ASEAN

In 2023, the ASEAN polymethyl methacrylate market increased by X% to $X, rising for the third year in a row after three years of decline. In general, consumption, however, showed a slight curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Polymethyl Methacrylate Production in ASEAN

In value terms, polymethyl methacrylate production expanded modestly to $X in 2023 estimated in export price. In general, production, however, continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Polymethyl Methacrylate Exports

Exports in ASEAN

In 2023, overseas shipments of polymethyl methacrylate in primary forms decreased by X% to X tons, falling for the second year in a row after four years of growth. The total export volume 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 growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, polymethyl methacrylate exports dropped rapidly to $X in 2023. Over the period under review, exports saw a pronounced descent. The growth pace was the most rapid in 2017 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Singapore (X tons) was the main exporter of polymethyl methacrylate in primary forms, mixing up X% of total exports. It was distantly followed by Malaysia (X tons), Thailand (X tons) and Indonesia (X tons), together committing a 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 ASEAN, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Malaysia, Thailand and Indonesia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in Singapore totaled X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, dropping by X% against the previous year. In general, the export price saw a abrupt slump. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2023, 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 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 ASEAN

In 2023, supplies from abroad of polymethyl methacrylate in primary forms increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports recorded prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in years to come.

In value terms, polymethyl methacrylate imports dropped to $X in 2023. Overall, imports saw a resilient expansion. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then contracted in the following year.

Imports by Country

Singapore (X tons) and Malaysia (X tons) represented roughly X% of total imports in 2023. Indonesia (X tons) held the next position in the ranking, followed by Vietnam (X tons) and Thailand (X tons). All these countries together took near X% share 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 ($X) constitutes the largest market for imported polymethyl methacrylate in primary forms in ASEAN, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with an X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Malaysia amounted to X%. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price showed a mild setback. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2023, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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 mixed trends in the import price figures.

Source: IndexBox Platform