Asia: Ethylene-Vinyl Acetate Copolymers Market 2024

Ethylene-Vinyl Acetate Copolymers Market Size in Asia

In 2022, the Asian ethylene-vinyl acetate copolymers market increased by 7.6% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Ethylene-Vinyl Acetate Copolymers Production in Asia

In value terms, ethylene-vinyl acetate copolymers production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 22%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Ethylene-Vinyl Acetate Copolymers Exports

Exports in Asia

Ethylene-vinyl acetate copolymers exports skyrocketed to X tons in 2022, increasing by 16% against 2021. Total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +99.2% against 2013 indices. The growth pace was the most rapid in 2014 with an increase of 27%. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, ethylene-vinyl acetate copolymers exports surged to $X in 2022. Over the period under review, exports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 71%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

South Korea was the major exporter of ethylene-vinyl acetate copolymers in primary forms in Asia, with the volume of exports resulting at X tons, which was near 47% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X tons), China (X tons), Thailand (X tons), Japan (X tons) and Singapore (X tons), together mixing up a 45% share of total exports. Saudi Arabia (X tons) took a minor share of total exports.

Exports from South Korea increased at an average annual rate of +11.9% from 2012 to 2022. At the same time, Saudi Arabia (+43.1%), China (+8.4%), Taiwan (Chinese) (+4.6%), Singapore (+2.2%), Thailand (+2.0%) and Japan (+1.1%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +43.1% from 2012-2022. From 2012 to 2022, the share of South Korea and Saudi Arabia increased by +17 and +3.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) remains the largest ethylene-vinyl acetate copolymers supplier in Asia, comprising 50% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 18% share of total exports. It was followed by China, with an 8.3% share.

In South Korea, ethylene-vinyl acetate copolymers exports expanded at an average annual rate of +16.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+5.6% per year) and China (+16.2% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, flattening at the previous year. Export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethylene-vinyl acetate copolymers export price increased by +69.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 69% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the other leaders experienced more modest paces of growth.

Ethylene-Vinyl Acetate Copolymers Imports

Imports in Asia

In 2022, approx. X tons of ethylene-vinyl acetate copolymers in primary forms were imported in Asia; increasing by 3.9% against the year before. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 23%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, ethylene-vinyl acetate copolymers imports soared to $X in 2022. Over the period under review, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 65%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

China dominates imports structure, finishing at X tons, which was near 63% of total imports in 2022. India (X tons) ranks second in terms of the total imports with a 9.6% share, followed by Vietnam (8.4%) and Indonesia (4.8%). Turkey (X tons) and Thailand (X tons) held a minor share of total imports.

Imports into China increased at an average annual rate of +7.1% from 2012 to 2022. At the same time, Vietnam (+12.0%), Thailand (+11.9%), Turkey (+9.8%), Indonesia (+8.1%) and India (+5.2%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia, with a CAGR of +12.0% from 2012-2022. While the share of China (+5.2 p.p.) and Vietnam (+3.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported ethylene-vinyl acetate copolymers in primary forms in Asia, comprising 64% of total imports. The second position in the ranking was held by India ($X), with a 9.8% share of total imports. It was followed by Indonesia, with a 7.1% share.

In China, ethylene-vinyl acetate copolymers imports expanded at an average annual rate of +10.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+9.3% per year) and Indonesia (+17.8% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, rising by 13% against the previous year. Import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethylene-vinyl acetate copolymers import price increased by +89.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when the import price increased by 68%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+9.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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