Italy: Ethylene-Vinyl Acetate Copolymers Market 2024

Ethylene-Vinyl Acetate Copolymers Market Size in Italy

For the third year in a row, the Italian ethylene-vinyl acetate copolymers market recorded growth in sales value, which increased by 46% to $X in 2022. Overall, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +70.6% against 2019 indices. Ethylene-vinyl acetate copolymers consumption peaked in 2022 and is expected to retain growth in years to come.

Ethylene-Vinyl Acetate Copolymers Production in Italy

In value terms, ethylene-vinyl acetate copolymers production shrank to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 101%. Ethylene-vinyl acetate copolymers production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Ethylene-Vinyl Acetate Copolymers Exports

Exports from Italy

In 2022, shipments abroad of ethylene-vinyl acetate copolymers in primary forms decreased by -0.5% to X tons, falling for the third year in a row after eight years of growth. Overall, total exports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -16.4% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 14%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, ethylene-vinyl acetate copolymers exports surged to $X in 2022. Over the period under review, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 25%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Turkey (X tons), Germany (X tons) and Poland (X tons) were the main destinations of ethylene-vinyl acetate copolymers exports from Italy, together accounting for 39% of total exports. Finland, France, Spain, Bosnia and Herzegovina, Egypt, the UK, Israel, Argentina, the Netherlands and Singapore lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of +77.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ethylene-vinyl acetate copolymers exported from Italy were Turkey ($X), Germany ($X) and Poland ($X), together comprising 40% of total exports. Bosnia and Herzegovina, Finland, France, Spain, the UK, Argentina, Egypt, Israel, Singapore and the Netherlands lagged somewhat behind, together accounting for a further 34%.

In terms of the main countries of destination, Bosnia and Herzegovina, with a CAGR of +77.0%, recorded the highest growth rate of 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, surging by 19% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Egypt ($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 Turkey (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene-Vinyl Acetate Copolymers Imports

Imports into Italy

In 2022, the amount of ethylene-vinyl acetate copolymers in primary forms imported into Italy expanded markedly to X tons, surging by 13% on the year before. The total import volume increased at an average annual rate of +5.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 surged to $X in 2022. Over the period under review, imports posted a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 73% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), France (X tons) and Belgium (X tons) were the main suppliers of ethylene-vinyl acetate copolymers imports to Italy, together accounting for 68% of total imports. South Korea, Spain and Brazil lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +36.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ethylene-vinyl acetate copolymers suppliers to Italy were Germany ($X), France ($X) and Belgium ($X), with a combined 65% share of total imports. South Korea, Spain and Brazil lagged somewhat behind, together comprising a further 30%.

South Korea, with a CAGR of +46.5%, saw the highest rates of growth with regard to the value of imports, in terms of 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, picking up by 23% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% 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 +109.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 70% against the previous year. The import price peaked in 2022 and is likely to continue 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 South Korea ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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