As can be seen from the figure, China’s MMA output in 2022 will maintain a growth trend compared with the fourth quarter of last year, but the overall growth rate may be lower than expected, mainly due to the delay in the release of new production capacity except for routine factory maintenance. Still keep increasing. The overall import and export is relatively weak, and the import and export levels in January and February remained below 10,000 tons. The weak macro environment, coupled with the impact of a new round of public health events, has led to a lower-than-expected increase in demand. A breakdown of them:
From January to February 2022, the supply side of MMA increased by 5.51% year-on-year
As shown in the above table, from January to February 2022, the supply of MMA in China increased slightly by 5.51%, and the growth rate was relatively slow. Among them, the increase in output was relatively small, and at the same time, the import volume decreased significantly compared with the same period. Domestic MMA production increased by 13.20% year-on-year, while import volume decreased by 40.38% year-on-year.
MMA export volume in January-February 2022 decreased by 50.25% year-on-year
According to customs statistics, in February 2022, the monthly export volume of methacrylate in my country was 7,280.32 tons, and the cumulative export volume was 13,064.99 tons. The export volume increased by 25.86% month-on-month, and the export volume fell by 49.19% year-on-year. The cumulative export volume fell by 50.25% from the same period last year. %.
There are many MMA exporting countries in China. From January to February 2022, the top five countries in China’s MMA exports include India, the Netherlands, Germany, Vietnam, and Brazil. Among them, India’s export volume ranks first, with an export volume of 2,500 tons, accounting for 19% of the total. %; followed by the Netherlands, 1,400 tons, accounting for 10%; in addition, Germany, Vietnam, Brazil, Japan, and Turkey accounted for the same, accounting for 5%-5.5%.
From January to February 2022, China’s MMA is mainly exported to Asia and Europe, accounting for 78% of the total, followed by the Americas and other regions, accounting for 18% and 4% respectively.