Benelux: Ethylene-Vinyl Acetate Copolymers Market 2024

Ethylene-Vinyl Acetate Copolymers Market Size in Benelux

The Benelux ethylene-vinyl acetate copolymers market skyrocketed to $X in 2022, increasing by 238% against the previous year. Overall, consumption continues to indicate a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ethylene-Vinyl Acetate Copolymers Production in Benelux

In value terms, ethylene-vinyl acetate copolymers production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 4.7%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Ethylene-Vinyl Acetate Copolymers Exports

Exports in Benelux

In 2022, shipments abroad of ethylene-vinyl acetate copolymers in primary forms decreased by -42.8% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 39%. The volume of export peaked at X tons in 2021, and then reduced remarkably in the following year.

In value terms, ethylene-vinyl acetate copolymers exports declined remarkably to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 48%. As a result, the exports attained the peak of $X, and then shrank rapidly in the following year.

Exports by Country

Belgium dominates exports structure, recording X tons, which was approx. 92% of total exports in 2022. It was distantly followed by the Netherlands (X tons), mixing up a 7.4% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to ethylene-vinyl acetate copolymers exports from Belgium stood at -2.6%. At the same time, the Netherlands (+1.1%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +1.1% from 2012-2022. While the share of the Netherlands (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (-2.5 p.p.) displayed negative dynamics.

In value terms, Belgium ($X) remains the largest ethylene-vinyl acetate copolymers supplier in Benelux, comprising 92% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 7.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium was relatively modest.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, jumping by 34% against the previous year. Export price indicated noticeable growth from 2012 to 2022: its price 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, ethylene-vinyl acetate copolymers export price increased by +92.6% against 2020 indices. The growth pace was the most rapid in 2021 when the export price increased by 44% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.7%).

Ethylene-Vinyl Acetate Copolymers Imports

Imports in Benelux

In 2022, after two years of growth, there was significant decline in overseas purchases of ethylene-vinyl acetate copolymers in primary forms, when their volume decreased by -46.1% to X tons. Over the period under review, imports showed a mild contraction. The growth pace was the most rapid in 2020 when imports increased by 49%. Over the period under review, imports attained the peak figure at X tons in 2021, and then declined markedly in the following year.

In value terms, ethylene-vinyl acetate copolymers imports contracted remarkably to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 54%. Over the period under review, imports reached the maximum at $X in 2021, and then fell remarkably in the following year.

Imports by Country

The Netherlands represented the major importer of ethylene-vinyl acetate copolymers in primary forms in Benelux, with the volume of imports reaching X tons, which was near 70% of total imports in 2022. It was distantly followed by Belgium (X tons), achieving a 27% share of total imports. Luxembourg (X tons) followed a long way behind the leaders.

The Netherlands experienced a relatively flat trend pattern with regard to volume of imports of ethylene-vinyl acetate copolymers in primary forms. Luxembourg (-2.9%) and Belgium (-5.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands increased by +13 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported ethylene-vinyl acetate copolymers in primary forms in Benelux, comprising 66% of total imports. The second position in the ranking was taken by Belgium ($X), with a 31% share of total imports.

In the Netherlands, ethylene-vinyl acetate copolymers imports increased at an average annual rate of +2.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belgium (-2.7% per year) and Luxembourg (-0.5% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, rising by 27% against the previous year. Import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% 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 +62.0% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Luxembourg ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform