Australia: Ethylene-Vinyl Acetate Copolymers Market 2024

Ethylene-Vinyl Acetate Copolymers Market Size in Australia

In 2022, the Australian ethylene-vinyl acetate copolymers market increased by 21% to $X, rising for the third consecutive year after five years of decline. In general, consumption, however, enjoyed temperate growth. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in years to come.

Ethylene-Vinyl Acetate Copolymers Exports

Exports from Australia

In 2022, shipments abroad of ethylene-vinyl acetate copolymers in primary forms decreased by -76.6% to X tons, falling for the fourth year in a row after three years of growth. In general, exports recorded a abrupt decrease. The growth pace was the most rapid in 2018 when exports increased by 75% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, ethylene-vinyl acetate copolymers exports declined rapidly to $X in 2022. Over the period under review, exports showed a abrupt contraction. The growth pace was the most rapid in 2016 when exports increased by 88% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand (X tons) was the main destination for ethylene-vinyl acetate copolymers exports from Australia, with a 97% share of total exports. It was followed by France (X tons), with a 2.5% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to New Zealand amounted to -15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (0.0% per year) and Papua New Guinea (-52.5% per year).

In value terms, New Zealand ($X) remains the key foreign market for ethylene-vinyl acetate copolymers in primary forms exports from Australia, comprising 89% of total exports. The second position in the ranking was taken by France ($X), with a 9.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to New Zealand stood at -14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (0.0% per year) and Papua New Guinea (-45.1% per year).

Export Prices by Country

The average ethylene-vinyl acetate copolymers export price stood at $X per ton in 2022, picking up by 30% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 +36.3% against 2019 indices. The growth pace was the most rapid in 2013 an increase of 32%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene-Vinyl Acetate Copolymers Imports

Imports into Australia

In 2022, after two years of growth, there was significant decline in supplies from abroad of ethylene-vinyl acetate copolymers in primary forms, when their volume decreased by -6.4% to X tons. In general, imports showed a slight setback. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, ethylene-vinyl acetate copolymers imports surged to $X in 2022. Over the period under review, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +133.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 94% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Taiwan (Chinese) (X tons), South Korea (X tons) and the United States (X tons) were the main suppliers of ethylene-vinyl acetate copolymers imports to Australia, with a combined 66% share of total imports. Belgium, Spain, Canada, Germany and Thailand lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +124.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ethylene-vinyl acetate copolymers suppliers to Australia were Taiwan (Chinese) ($X), the United States ($X) and South Korea ($X), together accounting for 66% of total imports. Belgium, Spain, Canada, Germany and Thailand lagged somewhat behind, together accounting for a further 31%.

Canada, with a CAGR of +143.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ethylene-vinyl acetate copolymers import price stood at $X per ton in 2022, jumping by 27% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.0% 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 +78.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 40% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and the United States ($X per ton), while the price for Canada ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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