Overview of the Global Market for Acrylic Polymers, In Primary Forms (excluding Polymethyl Methacrylate)

Market Size for Acrylic Polymers, In Primary Forms (excluding Polymethyl Methacrylate)

In 2023, the global market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the global market attained the peak level at $X in 2022, and then declined modestly in the following year.

Production of Acrylic Polymers, In Primary Forms (excluding Polymethyl Methacrylate)

In value terms, production of acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, global production of reached the maximum level in 2023 and is likely to see steady growth in the near future.

Exports of Acrylic Polymers, In Primary Forms (excluding Polymethyl Methacrylate)

Exports

In 2023, shipments abroad of acrylic polymers, in primary forms (excluding polymethyl methacrylate) decreased by X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, total exports indicated a measured increase 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. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the global exports of reached the maximum at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) declined to $X in 2023. In general, total exports indicated temperate growth 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. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the global exports of hit record highs at $X in 2022, and then declined in the following year.

Exports by Country

In 2023, China (X tons), Germany (X tons) and South Korea (X tons) was the main exporter of acrylic polymers, in primary forms (excluding polymethyl methacrylate) in the world, making up X% of total export. It was distantly followed by France (X tons), Belgium (X tons), the United States (X tons), Japan (X tons) and the Netherlands (X tons), together generating a X% share of total exports. Taiwan (Chinese) (X tons), Turkey (X tons), Malaysia (X tons), Italy (X tons) and the UK (X tons) took a minor share of total exports.

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

In value terms, the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) supplying countries worldwide were Germany ($X), China ($X) and South Korea ($X), with a combined X% share of global exports.

In terms of the main exporting countries, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, dropping by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The global export price peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Turkey ($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 United States (X%), while the other global leaders experienced more modest paces of growth.

Imports of Acrylic Polymers, In Primary Forms (excluding Polymethyl Methacrylate)

Imports

In 2023, purchases abroad of acrylic polymers, in primary forms (excluding polymethyl methacrylate) decreased by X% to X tons, falling for the second year in a row after ten years of growth. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of global imports of failed to regain momentum.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) fell to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, global imports of hit record highs at $X in 2022, and then shrank in the following year.

Imports by Country

In 2023, China (X tons), followed by Germany (X tons) and the United States (X tons) were the key importers of acrylic polymers, in primary forms (excluding polymethyl methacrylate), together creating X% of total imports. Italy (X tons), India (X tons), Poland (X tons), Canada (X tons), France (X tons), Turkey (X tons), Belgium (X tons), Russia (X tons), the Netherlands (X tons) and Spain (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of X% from 2012 to 2023. At the same time, India (X%), Turkey (X%), the United States (X%), Spain (X%), Canada (X%), Poland (X%), Russia (X%), Italy (X%) and Belgium (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. France, the Netherlands and Germany experienced a relatively flat trend pattern. From 2012 to 2023, the share of China and India increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) importing markets worldwide were China ($X), Germany ($X) and the United States ($X), together comprising X% of global imports. Italy, Canada, India, Poland, Belgium, France, the Netherlands, Spain, Turkey and Russia lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, falling by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Global import price peaked at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($X per ton), while Turkey ($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 Netherlands (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform