Czech Republic: Ethylene-Vinyl Acetate Copolymers Market 2024

Ethylene-Vinyl Acetate Copolymers Market Size in the Czech Republic

The Czech ethylene-vinyl acetate copolymers market surged to $X in 2022, rising by 39% against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ethylene-Vinyl Acetate Copolymers Production in the Czech Republic

In value terms, ethylene-vinyl acetate copolymers production reached $X in 2022 estimated in export price. Over the period under review, production enjoyed buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of 78% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Ethylene-Vinyl Acetate Copolymers Exports

Exports from the Czech Republic

After five years of growth, overseas shipments of ethylene-vinyl acetate copolymers in primary forms decreased by -41.5% to X tons in 2022. Overall, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 94%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then fell dramatically in the following year.

In value terms, ethylene-vinyl acetate copolymers exports rose slightly to $X in 2022. In general, exports, however, posted prominent growth. The growth pace was the most rapid in 2021 with an increase of 59%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for ethylene-vinyl acetate copolymers exports from the Czech Republic, with a 52% share of total exports. Moreover, ethylene-vinyl acetate copolymers exports to Germany exceeded the volume sent to the second major destination, Spain (X tons), threefold. The third position in this ranking was taken by Russia (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+95.6% per year) and Russia (+245.7% per year).

In value terms, Germany ($X) remains the key foreign market for ethylene-vinyl acetate copolymers in primary forms exports from the Czech Republic, comprising 59% of total exports. The second position in the ranking was taken by Spain ($X), with a 21% share of total exports. It was followed by Russia, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+123.7% per year) and Russia (+228.6% per year).

Export Prices by Country

In 2022, the average ethylene-vinyl acetate copolymers export price amounted to $X per ton, rising by 77% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while the average price for exports to Italy ($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 Spain (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene-Vinyl Acetate Copolymers Imports

Imports into the Czech Republic

Ethylene-vinyl acetate copolymers imports into the Czech Republic skyrocketed to X tons in 2022, with an increase of 30% on the previous year's figure. In general, imports continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, ethylene-vinyl acetate copolymers imports soared to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Belgium (X tons) constituted the largest ethylene-vinyl acetate copolymers supplier to the Czech Republic, with a 38% share of total imports. Moreover, ethylene-vinyl acetate copolymers imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The UK (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium totaled +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.8% per year) and the UK (+1.3% per year).

In value terms, Belgium ($X), the UK ($X) and Germany ($X) constituted the largest ethylene-vinyl acetate copolymers suppliers to the Czech Republic, together accounting for 66% of total imports. The Netherlands, Portugal, Italy, South Korea, the United States, France, Saudi Arabia and China lagged somewhat behind, together comprising a further 27%.

In terms of the main suppliers, South Korea, with a CAGR of +80.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ethylene-vinyl acetate copolymers import price stood at $X per ton in 2022, shrinking by -8.1% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 64%. As a result, import price attained the peak level of $X per ton, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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