Iran: Ethylene-Vinyl Acetate Copolymers Market 2024

Ethylene-Vinyl Acetate Copolymers Market Size in Iran

In 2022, the Iranian ethylene-vinyl acetate copolymers market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, recorded a deep downturn. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Ethylene-Vinyl Acetate Copolymers Exports

Exports from Iran

After two years of growth, overseas shipments of ethylene-vinyl acetate copolymers in primary forms decreased by -6.4% to X tons in 2022. Over the period under review, exports, however, showed a strong increase. The growth pace was the most rapid in 2020 when exports increased by 900% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then shrank in the following year.

In value terms, ethylene-vinyl acetate copolymers exports declined remarkably to $X in 2022. In general, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 1,051% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Kyrgyzstan (X tons) was the main destination for ethylene-vinyl acetate copolymers exports from Iran, with a 72% share of total exports. Moreover, ethylene-vinyl acetate copolymers exports to Kyrgyzstan exceeded the volume sent to the second major destination, China (X tons), threefold. Azerbaijan (X tons) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume to Kyrgyzstan amounted to +412.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+11.4% per year) and Azerbaijan (0.0% per year).

In value terms, the largest markets for ethylene-vinyl acetate copolymers exported from Iran were China ($X), Kyrgyzstan ($X) and Turkey ($X), together comprising 92% of total exports.

Among the main countries of destination, Kyrgyzstan, with a CAGR of +96.5%, recorded the highest rates of growth with regard to the value of exports, 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, reducing by -30.8% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the 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 Turkey ($X per ton), while the average price for exports to Kyrgyzstan ($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 Georgia (+59.8%), while the prices for the other major destinations experienced mixed trend patterns.

Ethylene-Vinyl Acetate Copolymers Imports

Imports into Iran

In 2022, purchases abroad of ethylene-vinyl acetate copolymers in primary forms was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, saw a drastic downturn. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, ethylene-vinyl acetate copolymers imports soared to $X in 2022. Overall, imports, however, showed a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 52%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest ethylene-vinyl acetate copolymers supplier to Iran, accounting for a 84% share of total imports. Moreover, ethylene-vinyl acetate copolymers imports from South Korea exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold. The third position in this ranking was taken by China (X tons), with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea amounted to -9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+22.3% per year) and China (+5.9% per year).

In value terms, South Korea ($X) constituted the largest supplier of ethylene-vinyl acetate copolymers in primary forms to Iran, comprising 75% of total imports. The second position in the ranking was taken by Turkey ($X), with a 5.6% share of total imports. It was followed by China, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value from South Korea amounted to -8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+26.2% per year) and China (+13.4% per year).

Import Prices by Country

The average ethylene-vinyl acetate copolymers import price stood at $X per ton in 2022, which is down by -11.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 25%. As a result, import price attained the peak level of $X per ton, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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