Bangladesh: Ethylene-Vinyl Acetate Copolymers Market 2024

Ethylene-Vinyl Acetate Copolymers Market Size in Bangladesh

The Bangladeshi ethylene-vinyl acetate copolymers market fell sharply to $X in 2022, shrinking by -19.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +23.1% against 2020 indices. As a result, consumption reached the peak level of $X, and then contracted remarkably in the following year.

Ethylene-Vinyl Acetate Copolymers Exports

Exports from Bangladesh

In 2022, ethylene-vinyl acetate copolymers exports from Bangladesh skyrocketed to X tons, growing by 104% compared with the previous year's figure. Over the period under review, exports showed prominent growth. The pace of growth appeared the most rapid in 2020 when exports increased by 1,576%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, ethylene-vinyl acetate copolymers exports soared to $X in 2022. In general, exports, however, showed a slight downturn. The pace of growth appeared the most rapid in 2013 with an increase of 873% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand (X tons) was the main destination for ethylene-vinyl acetate copolymers exports from Bangladesh, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Thailand totaled +70.7%.

In value terms, Thailand ($X) emerged as the key foreign market for ethylene-vinyl acetate copolymers in primary forms exports from Bangladesh.

From 2012 to 2022, the average annual rate of growth in terms of value to Thailand amounted to +52.4%.

Export Prices by Country

The average ethylene-vinyl acetate copolymers export price stood at $X per ton in 2022, with a decrease of -12.6% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The growth pace was the most rapid in 2013 an increase of 35%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to -10.7% per year.

Ethylene-Vinyl Acetate Copolymers Imports

Imports into Bangladesh

In 2022, ethylene-vinyl acetate copolymers imports into Bangladesh dropped to X tons, waning by -13.7% compared with the year before. Over the period under review, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +3.1% 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 when imports increased by 24% against the previous year. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, ethylene-vinyl acetate copolymers imports declined rapidly to $X in 2022. Overall, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 +37.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 75%. As a result, imports attained the peak of $X, and then declined dramatically in the following year.

Imports by Country

Saudi Arabia (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons) were the main suppliers of ethylene-vinyl acetate copolymers imports to Bangladesh, with a combined 74% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +46.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ethylene-vinyl acetate copolymers suppliers to Bangladesh were Taiwan (Chinese) ($X), Saudi Arabia ($X) and South Korea ($X), with a combined 71% share of total imports.

Among the main suppliers, Saudi Arabia, with a CAGR of +42.9%, recorded the highest growth rate of the value of imports, 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, which is down by -9% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 51%. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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