Canada: Ethylene-Vinyl Acetate Copolymers Market 2024

Ethylene-Vinyl Acetate Copolymers Market Size in Canada

The Canadian ethylene-vinyl acetate copolymers market reduced dramatically to $X in 2022, which is down by -15.7% against the previous year. Over the period under review, consumption continues to indicate a abrupt decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Ethylene-Vinyl Acetate Copolymers Production in Canada

In value terms, ethylene-vinyl acetate copolymers production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production saw a slight curtailment. The growth pace was the most rapid in 2018 when the production volume increased by 15% against the previous year. Ethylene-vinyl acetate copolymers production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Ethylene-Vinyl Acetate Copolymers Exports

Exports from Canada

For the third consecutive year, Canada recorded growth in overseas shipments of ethylene-vinyl acetate copolymers in primary forms, which increased by 9.8% to X tons in 2022. The total export volume increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 52% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, ethylene-vinyl acetate copolymers exports rose significantly to $X in 2022. Over the period under review, total exports indicated a temperate 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, exports increased by +96.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 37%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X tons) was the main destination for ethylene-vinyl acetate copolymers exports from Canada, with a 84% share of total exports. Moreover, ethylene-vinyl acetate copolymers exports to the United States exceeded the volume sent to the second major destination, China (X tons), more than tenfold. The third position in this ranking was held by Spain (X tons), with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-44.6% per year) and Spain (+97.8% per year).

In value terms, the United States ($X) remains the key foreign market for ethylene-vinyl acetate copolymers in primary forms exports from Canada, comprising 78% of total exports. The second position in the ranking was held by China ($X), with an 8.7% share of total exports. It was followed by Spain, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-28.6% per year) and Spain (+104.4% per year).

Export Prices by Country

In 2022, the average ethylene-vinyl acetate copolymers export price amounted to $X per ton, surging by 4.4% against the previous year. Overall, the export price, however, showed a slight reduction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 23%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+47.9%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene-Vinyl Acetate Copolymers Imports

Imports into Canada

In 2022, approx. X tons of ethylene-vinyl acetate copolymers in primary forms were imported into Canada; falling by -4.5% against the year before. In general, imports continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2015 with an increase of 21%. Imports peaked at X tons in 2018; however, from 2019 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, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest ethylene-vinyl acetate copolymers supplier to Canada, with a 90% 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), more than tenfold. France (X tons) ranked third in terms of total imports with a 0.4% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+113.7% per year) and France (-18.8% per year).

In value terms, the United States ($X) constituted the largest supplier of ethylene-vinyl acetate copolymers in primary forms to Canada, comprising 90% of total imports. The second position in the ranking was held by South Korea ($X), with a 5.4% share of total imports. It was followed by France, with a 0.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+104.5% per year) and France (-19.4% per year).

Import Prices by Country

In 2022, the average ethylene-vinyl acetate copolymers import price amounted to $X per ton, jumping by 30% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. As a result, import price attained 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 the United States ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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