Indonesia: Ethylene-Vinyl Acetate Copolymers Market 2024

Ethylene-Vinyl Acetate Copolymers Market Size in Indonesia

The Indonesian ethylene-vinyl acetate copolymers market soared to $X in 2022, with an increase of 97% 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). Overall, consumption continues to indicate a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ethylene-Vinyl Acetate Copolymers Exports

Exports from Indonesia

In 2022, shipments abroad of ethylene-vinyl acetate copolymers in primary forms decreased by -24.4% to X tons, falling for the second consecutive year after three years of growth. In general, exports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2019 with an increase of 53%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, ethylene-vinyl acetate copolymers exports fell rapidly to $X in 2022. Overall, exports recorded a deep setback. The pace of growth appeared the most rapid in 2014 with an increase of 38% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for ethylene-vinyl acetate copolymers exports from Indonesia, accounting for a 70% share of total exports. Moreover, ethylene-vinyl acetate copolymers exports to Malaysia exceeded the volume sent to the second major destination, Vietnam (X tons), eightfold. South Africa (X tons) ranked third in terms of total exports with an 8% share.

From 2012 to 2022, the average annual growth rate of volume to Malaysia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+32.0% per year) and South Africa (+3.5% per year).

In value terms, Malaysia ($X) remains the key foreign market for ethylene-vinyl acetate copolymers in primary forms exports from Indonesia, comprising 45% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 19% share of total exports. It was followed by Madagascar, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia totaled -10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+28.6% per year) and Madagascar (-5.9% per year).

Export Prices by Country

In 2022, the average ethylene-vinyl acetate copolymers export price amounted to $X per ton, declining by -18.8% against the previous year. In general, the export price showed a abrupt descent. The pace of growth was the most pronounced in 2021 an increase of 14% against the previous year. The export price 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 destination: amid the top suppliers, the country with the highest price was Madagascar ($X per ton), while the average price for exports to Malaysia ($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 the Philippines (+1.9%), while the prices for the other major destinations experienced a decline.

Ethylene-Vinyl Acetate Copolymers Imports

Imports into Indonesia

Ethylene-vinyl acetate copolymers imports into Indonesia soared to X tons in 2022, rising by 50% compared with 2021. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +8.1% 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 +75.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

Imports by Country

In 2022, South Korea (X tons) constituted the largest supplier of ethylene-vinyl acetate copolymers to Indonesia, with a 33% share of total imports. Moreover, ethylene-vinyl acetate copolymers imports from South Korea exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea amounted to +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+72.6% per year) and Taiwan (Chinese) (+4.9% per year).

In value terms, South Korea ($X) constituted the largest supplier of ethylene-vinyl acetate copolymers in primary forms to Indonesia, comprising 34% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 16% share of total imports. It was followed by Taiwan (Chinese), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea stood at +20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+53.9% per year) and Taiwan (Chinese) (+15.3% per year).

Import Prices by Country

The average ethylene-vinyl acetate copolymers import price stood at $X per ton in 2022, growing by 40% against the previous year. Overall, the import price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 an increase of 59%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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