India: Ethylene-Vinyl Acetate Copolymers Market 2024

Ethylene-Vinyl Acetate Copolymers Market Size in India

The Indian ethylene-vinyl acetate copolymers market expanded rapidly to $X in 2022, picking up by 6.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +43.9% against 2020 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in the near future.

Ethylene-Vinyl Acetate Copolymers Exports

Exports from India

Ethylene-vinyl acetate copolymers exports from India surged to X tons in 2022, rising by 221% against 2021 figures. Overall, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ethylene-vinyl acetate copolymers exports surged to $X in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for ethylene-vinyl acetate copolymers exports from India, accounting for a 60% share of total exports. Moreover, ethylene-vinyl acetate copolymers exports to China exceeded the volume sent to the second major destination, Nepal (X tons), fourfold. The third position in this ranking was held by the United Arab Emirates (X tons), with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at +98.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+70.3% per year) and the United Arab Emirates (+9.5% per year).

In value terms, China ($X) emerged as the key foreign market for ethylene-vinyl acetate copolymers in primary forms exports from India, comprising 51% of total exports. The second position in the ranking was held by Nepal ($X), with a 17% share of total exports. It was followed by the United Arab Emirates, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +85.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+89.0% per year) and the United Arab Emirates (+16.5% per year).

Export Prices by Country

In 2022, the average ethylene-vinyl acetate copolymers export price amounted to $X per ton, shrinking by -18.3% against the previous year. In general, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% 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 +15.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 42%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to China ($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 Nepal (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene-Vinyl Acetate Copolymers Imports

Imports into India

In 2022, ethylene-vinyl acetate copolymers imports into India amounted to X tons, approximately mirroring 2021. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.5% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by 21%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, ethylene-vinyl acetate copolymers imports rose remarkably to $X in 2022. Overall, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 71%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

South Korea (X tons), Saudi Arabia (X tons) and Japan (X tons) were the main suppliers of ethylene-vinyl acetate copolymers imports to India, with a combined 81% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +69.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ethylene-vinyl acetate copolymers suppliers to India were South Korea ($X), Saudi Arabia ($X) and Japan ($X), with a combined 78% share of total imports.

Saudi Arabia, with a CAGR of +73.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average ethylene-vinyl acetate copolymers import price amounted to $X per ton, increasing by 12% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% 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 +98.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 77% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Canada ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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