EU27 PMMA imports surge, according to the latest data from Eurostat. EU27 has witnessed a dramatic rise in polymethyl methacrylate (PMMA) imports in 2023, hitting a two-year peak in May with 7,792 metric tonnes (MT).
The surge is largely attributed to softer demand in Asia coupled with a more favourable cost position. These factors have led to an influx of PMMA into the EU27 market.
This higher supply amidst weaker domestic demand has squeezed margins for European suppliers. Increased competition from competitively priced imports has further dampened prospects for these suppliers.
The low demand and competitive imports situation is likely to continue, with no signs of a turnaround. European suppliers may have to endure these market conditions, possibly till the end of the year.