CIS: Ethylene-Vinyl Acetate Copolymers Market 2024

Ethylene-Vinyl Acetate Copolymers Market Size in CIS

In 2022, the CIS ethylene-vinyl acetate copolymers market increased by 0.5% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Ethylene-Vinyl Acetate Copolymers Production in CIS

In value terms, ethylene-vinyl acetate copolymers production amounted to $X in 2022 estimated in export price. In general, production, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2014 with an increase of 13% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Ethylene-Vinyl Acetate Copolymers Exports

Exports in CIS

For the fourth consecutive year, the CIS recorded growth in shipments abroad of ethylene-vinyl acetate copolymers in primary forms, which increased by 6.8% to X tons in 2022. Overall, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2013 when exports increased by 133% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, ethylene-vinyl acetate copolymers exports expanded markedly to $X in 2022. Over the period under review, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 107%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Russia represented the largest exporting country with an export of around X tons, which resulted at 66% of total exports. Belarus (X tons) held a 23% share (based on physical terms) of total exports, which put it in second place, followed by Kazakhstan (7.8%). Armenia (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to ethylene-vinyl acetate copolymers exports from Russia stood at +10.0%. At the same time, Kazakhstan (+37.2%) and Belarus (+25.8%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +37.2% from 2012-2022. Armenia experienced a relatively flat trend pattern. Belarus (+14 p.p.), Kazakhstan (+6.6 p.p.) and Armenia (+3.2 p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by -24.7% from 2012 to 2022, respectively.

In value terms, Russia ($X) remains the largest ethylene-vinyl acetate copolymers supplier in the CIS, comprising 71% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 16% share of total exports. It was followed by Armenia, with an 8.1% share.

In Russia, ethylene-vinyl acetate copolymers exports increased at an average annual rate of +9.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (+41.6% per year) and Armenia (0.0% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, stabilizing at the previous year. Overall, the export price continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2021 an increase of 52% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Armenia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+3.2%), while the other leaders experienced a decline in the export price figures.

Ethylene-Vinyl Acetate Copolymers Imports

Imports in CIS

Ethylene-vinyl acetate copolymers imports expanded sharply to X tons in 2022, growing by 7.6% against the previous year. Over the period under review, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 33% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, ethylene-vinyl acetate copolymers imports reduced to $X in 2022. Overall, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 63% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

Russia was the main importing country with an import of about X tons, which resulted at 67% of total imports. Uzbekistan (X tons) ranks second in terms of the total imports with a 15% share, followed by Belarus (5.9%), Kazakhstan (5.2%) and Kyrgyzstan (5%).

From 2012 to 2022, average annual rates of growth with regard to ethylene-vinyl acetate copolymers imports into Russia stood at +5.5%. At the same time, Kyrgyzstan (+64.0%), Uzbekistan (+21.7%), Kazakhstan (+12.6%) and Belarus (+7.4%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +64.0% from 2012-2022. From 2012 to 2022, the share of Uzbekistan, Kyrgyzstan and Kazakhstan increased by +15, +4.9 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported ethylene-vinyl acetate copolymers in primary forms in the CIS, comprising 74% of total imports. The second position in the ranking was held by Uzbekistan ($X), with an 11% share of total imports. It was followed by Belarus, with a 7% share.

From 2012 to 2022, the average annual growth rate of value in Russia stood at +5.4%. In the other countries, the average annual rates were as follows: Uzbekistan (+39.0% per year) and Belarus (+6.9% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, declining by -18.8% against the previous year. In general, the import price showed a mild descent. The most prominent rate of growth was recorded in 2021 when the import price increased by 52%. As a result, import price attained the peak level of $X per ton, and then dropped sharply in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belarus ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+14.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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