Home Latest News & Insights PMMA IMPORT SURGE STRAINS EU27 MARKET

PMMA IMPORT SURGE STRAINS EU27 MARKET

July 17, 2023
trade

PMMA import surge strains EU27 market. Polymethyl Methacrylate (PMMA) imports into the European Union’s 27 member states (EU27) experienced a significant surge in April 2023, adding pressure to an already struggling market.

According to Eurostat, imports reached 6,199 metric tonnes (MT), representing a 48.1% increase compared to the same period last year. This rise in imports can be attributed to weak demand in Asia, particularly in China.

The notable increase in PMMA imports exacerbates the challenges faced by the European market, which is already grappling with low demand.

The poor demand in Asia has likely prompted suppliers to redirect their excess PMMA inventory to the EU27 market. This surge in imports further strains the struggling European market.