Hong Kong SAR, China: Ethylene-Vinyl Acetate Copolymers Market 2024

Ethylene-Vinyl Acetate Copolymers Market Size in Hong Kong SAR, China

For the third consecutive year, the Hong Kong ethylene-vinyl acetate copolymers market recorded growth in sales value, which increased by 22% to $X in 2022. In general, consumption showed a notable expansion. Ethylene-vinyl acetate copolymers consumption peaked in 2022 and is expected to retain growth in the near future.

Ethylene-Vinyl Acetate Copolymers Production in Hong Kong SAR, China

In value terms, ethylene-vinyl acetate copolymers production expanded markedly to $X in 2022 estimated in export price. In general, production showed modest growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 70% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Ethylene-Vinyl Acetate Copolymers Exports

Exports from Hong Kong SAR, China

In 2022, the amount of ethylene-vinyl acetate copolymers in primary forms exported from Hong Kong SAR dropped notably to X tons, reducing by -17.6% compared with the year before. In general, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 33%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, ethylene-vinyl acetate copolymers exports dropped to $X in 2022. Over the period under review, exports continue to indicate a pronounced downturn. The growth pace was the most rapid in 2021 with an increase of 88% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for ethylene-vinyl acetate copolymers exports from Hong Kong SAR, with a approx. 98% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to -8.5%.

In value terms, China ($X) also remains the key foreign market for ethylene-vinyl acetate copolymers in primary forms exports from Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value to China stood at -4.5%.

Export Prices by Country

In 2022, the average ethylene-vinyl acetate copolymers export price amounted to $X per ton, picking up by 16% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.3% 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 export price increased by +64.8% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 42%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +4.4% per year.

Ethylene-Vinyl Acetate Copolymers Imports

Imports into Hong Kong SAR, China

In 2022, approx. X tons of ethylene-vinyl acetate copolymers in primary forms were imported into Hong Kong SAR; which is down by -16.1% on the previous year's figure. Overall, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 50%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, ethylene-vinyl acetate copolymers imports reduced slightly to $X in 2022. In general, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 111% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) constituted the largest ethylene-vinyl acetate copolymers supplier to Hong Kong SAR, with a 54% share of total imports. Moreover, ethylene-vinyl acetate copolymers imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. Brazil (X tons) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Taiwan (Chinese) amounted to -7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+0.0% per year) and Brazil (+25.9% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of ethylene-vinyl acetate copolymers in primary forms to Hong Kong SAR, comprising 52% of total imports. The second position in the ranking was held by South Korea ($X), with a 25% share of total imports. It was followed by Brazil, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Taiwan (Chinese) amounted to -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+3.8% per year) and Brazil (+36.9% per year).

Import Prices by Country

In 2022, the average ethylene-vinyl acetate copolymers import price amounted to $X per ton, picking up by 17% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 +74.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 40%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Brazil ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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