U.S. - Methacrylic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMethacrylic Acid Price in the United States - 2023
Contents:
- Methacrylic Acid Price in the United States (CIF) - 2022
- Methacrylic Acid Price in the United States (FOB) - 2023
- Methacrylic Acid Imports in the United States
- Methacrylic Acid Exports in the United States
Methacrylic Acid Price in the United States (CIF) - 2022
The average methacrylic acid import price stood at $2,787 per ton in 2022, picking up by 2.1% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 68%. The import price peaked at $3,209 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($18,026 per ton), while the price for Thailand ($2,002 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Methacrylic Acid Price in the United States (FOB) - 2023
In August 2023, the average methacrylic acid export price amounted to $2,319 per ton, with an increase of 13% against the previous month. Overall, the export price, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 15% m-o-m. As a result, the export price reached the peak level of $2,918 per ton. From January 2023 to August 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($4,357 per ton), while the average price for exports to India ($918 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.
Methacrylic Acid Imports in the United States
In 2022, approx. 13K tons of methacrylic acid and its salts were imported into the United States; with a decrease of -17.8% compared with 2021 figures. In general, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 352% against the previous year. As a result, imports attained the peak of 16K tons, and then declined remarkably in the following year.
In value terms, methacrylic acid imports fell dramatically to $36M in 2022. Over the period under review, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 660% against the previous year. As a result, imports attained the peak of $43M, and then fell sharply in the following year.
Import of Methacrylic Acid in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 9.2 | 5.3 | 24.9 | 18.7 | 26.7% |
Thailand | 7.3 | N/A | 4.1 | 8.4 | 4.8% |
Japan | 0.4 | 0.3 | 0.5 | 3.8 | 111.8% |
China | 0.1 | N/A | 10.3 | 1.9 | 166.8% |
Taiwan (Chinese) | N/A | N/A | 2.6 | 1.1 | -57.7% |
Germany | 0.1 | N/A | N/A | 1.0 | 115.4% |
Others | 0.2 | 0.1 | 0.5 | 1.2 | 81.7% |
Total | 17.3 | 5.6 | 42.9 | 36.0 | 27.7% |
Top Suppliers of Methacrylic Acid to the United States in 2022:
- South Korea (7.0K tons)
- Thailand (4.2K tons)
- China (0.6K tons)
- Taiwan (Chinese) (0.4K tons)
- Germany (0.3K tons)
- Japan (0.2K tons)
Methacrylic Acid Exports in the United States
In 2022, overseas shipments of methacrylic acid and its salts decreased by -34.6% to 11K tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 11%. As a result, the exports reached the peak of 21K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, methacrylic acid exports declined sharply to $30M in 2022. Overall, exports showed a deep downturn. The smallest decline of -3.2% was in 2020.
Export of Methacrylic Acid in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 6.3 | 5.7 | 6.2 | 6.8 | 2.6% |
Mexico | 9.6 | 6.4 | 6.3 | 6.0 | -14.5% |
Brazil | 7.6 | 8.5 | 4.8 | 5.1 | -12.5% |
Belgium | 12.7 | 15.5 | 15.9 | 5.0 | -26.7% |
India | 3.0 | 2.5 | 3.6 | 3.6 | 6.3% |
United Arab Emirates | 0.5 | 0.7 | 0.4 | 1.0 | 26.0% |
South Africa | 0.6 | 0.6 | 1.0 | 0.7 | 5.3% |
Others | 5.2 | 4.2 | 3.5 | 2.1 | -26.1% |
Total | 45.6 | 44.1 | 41.7 | 30.3 | -12.7% |
Top Export Markets for Methacrylic Acid from the United States in 2022:
- Canada (4.4K tons)
- Belgium (1.8K tons)
- Mexico (1.6K tons)
- Brazil (1.3K tons)
- India (1.3K tons)
- United Arab Emirates (0.3K tons)
- South Africa (0.2K tons)
This report provides an in-depth analysis of the methacrylic acid market in the U.S.. 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.
Product coverage:
- Prodcom 20143330 - Methacrylic acid and its salts
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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