Colombia: Ethylene-Vinyl Acetate Copolymers Market 2024

Ethylene-Vinyl Acetate Copolymers Market Size in Colombia

After three years of growth, the Colombian ethylene-vinyl acetate copolymers market decreased by -12.9% to $X in 2022. Over the period under review, consumption, however, saw a perceptible increase. Over the period under review, the market reached the peak level at $X in 2021, and then shrank in the following year.

Ethylene-Vinyl Acetate Copolymers Exports

Exports from Colombia

In 2022, ethylene-vinyl acetate copolymers exports from Colombia declined notably to X tons, waning by -28.6% against 2021. In general, exports, however, saw a measured expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 529%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, ethylene-vinyl acetate copolymers exports reduced sharply to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 548%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Argentina (X tons) was the main destination for ethylene-vinyl acetate copolymers exports from Colombia, with a 58% share of total exports. Moreover, ethylene-vinyl acetate copolymers exports to Argentina exceeded the volume sent to the second major destination, the Dominican Republic (X tons), twofold. The third position in this ranking was held by Guatemala (X tons), with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina stood at +29.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+12.5% per year) and Guatemala (-6.1% per year).

In value terms, the largest markets for ethylene-vinyl acetate copolymers exported from Colombia were Argentina ($X), the Dominican Republic ($X) and Guatemala ($X), with a combined 84% share of total exports.

Argentina, with a CAGR of +27.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, remaining constant against the previous year. Over the period under review, the export price, however, recorded a pronounced descent. The growth pace was the most rapid in 2019 when the average export price increased by 16%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Honduras ($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 Panama (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene-Vinyl Acetate Copolymers Imports

Imports into Colombia

In 2022, imports of ethylene-vinyl acetate copolymers in primary forms into Colombia contracted rapidly to X tons, with a decrease of -16.8% against the year before. In general, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 77% against the previous year. Imports peaked at X tons in 2021, and then declined markedly in the following year.

In value terms, ethylene-vinyl acetate copolymers imports fell to $X in 2022. Overall, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +105.2% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of 43%. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of ethylene-vinyl acetate copolymers to Colombia, accounting for a 35% share of total imports. Moreover, ethylene-vinyl acetate copolymers imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.6% per year) and Italy (+58.9% per year).

In value terms, China ($X) constituted the largest supplier of ethylene-vinyl acetate copolymers in primary forms to Colombia, comprising 37% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports. It was followed by South Korea, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.2% per year) and South Korea (+7.5% per year).

Import Prices by Country

In 2022, the average ethylene-vinyl acetate copolymers import price amounted to $X per ton, surging by 5.2% against the previous year. Over the period under review, the import price, however, recorded a pronounced descent. The pace of growth appeared the most rapid in 2018 an increase of 15% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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