Brazil: Ethylene-Vinyl Acetate Copolymers Market 2024

Ethylene-Vinyl Acetate Copolymers Market Size in Brazil

The Brazilian ethylene-vinyl acetate copolymers market dropped to $X in 2022, which is down by -9.9% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Ethylene-Vinyl Acetate Copolymers Production in Brazil

In value terms, ethylene-vinyl acetate copolymers production reduced to $X in 2022 estimated in export price. In general, production recorded a mild decrease. The pace of growth appeared the most rapid in 2014 with an increase of 19%. 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 from Brazil

In 2022, overseas shipments of ethylene-vinyl acetate copolymers in primary forms were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2019 with an increase of 193%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, ethylene-vinyl acetate copolymers exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 169% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Argentina (X tons) and Italy (X tons) were the main destinations of ethylene-vinyl acetate copolymers exports from Brazil, together accounting for 58% of total exports. Spain, Vietnam, Belgium and Hong Kong SAR lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +121.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ethylene-vinyl acetate copolymers exported from Brazil were Argentina ($X), China ($X) and Vietnam ($X), with a combined 63% share of total exports. Italy, Spain, Hong Kong SAR and Belgium lagged somewhat behind, together comprising a further 22%.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of +131.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ethylene-vinyl acetate copolymers export price stood at $X per ton in 2022, growing by 17% against the previous year. Overall, the export price continues to indicate a pronounced increase. The growth pace was the most rapid in 2021 when the average export price increased by 78% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Spain ($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 Vietnam (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene-Vinyl Acetate Copolymers Imports

Imports into Brazil

In 2022, supplies from abroad of ethylene-vinyl acetate copolymers in primary forms decreased by -16.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports recorded a perceptible contraction. The pace of growth was the most pronounced in 2020 when imports increased by 21%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, ethylene-vinyl acetate copolymers imports surged to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons) constituted the largest ethylene-vinyl acetate copolymers supplier to Brazil, accounting for a 48% share of total imports. Moreover, ethylene-vinyl acetate copolymers imports from the United States exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold. The third position in this ranking was held by France (X tons), with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+10.8% per year) and France (-0.8% per year).

In value terms, the United States ($X) constituted the largest supplier of ethylene-vinyl acetate copolymers in primary forms to Brazil, comprising 48% of total imports. The second position in the ranking was held by South Korea ($X), with a 14% share of total imports. It was followed by France, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+14.2% per year) and France (+2.4% per year).

Import Prices by Country

The average ethylene-vinyl acetate copolymers import price stood at $X per ton in 2022, surging by 46% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% 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 +85.9% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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