Jordan: Ethylene-Vinyl Acetate Copolymers Market 2024

Ethylene-Vinyl Acetate Copolymers Market Size in Jordan

The Jordanian ethylene-vinyl acetate copolymers market contracted to $X in 2022, almost unchanged from the previous year. Overall, consumption, however, recorded mild growth. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Ethylene-Vinyl Acetate Copolymers Production in Jordan

In value terms, ethylene-vinyl acetate copolymers production reduced modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.7% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 116% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Ethylene-Vinyl Acetate Copolymers Exports

Exports from Jordan

In 2022, after two years of decline, there was significant decline in overseas shipments of ethylene-vinyl acetate copolymers in primary forms, when their volume decreased by -23.9% to X tons. Overall, exports showed a mild downturn. The most prominent rate of growth was recorded in 2019 with an increase of 1,775% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, ethylene-vinyl acetate copolymers exports contracted to $X in 2022. Over the period under review, exports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2019 when exports increased by 1,278% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Syrian Arab Republic (X tons) was the main destination for ethylene-vinyl acetate copolymers exports from Jordan, accounting for a 67% share of total exports. Moreover, ethylene-vinyl acetate copolymers exports to Syrian Arab Republic exceeded the volume sent to the second major destination, Sudan (X tons), twofold.

From 2016 to 2022, the average annual rate of growth in terms of volume to Syrian Arab Republic stood at +32.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (0.0% per year) and Qatar (0.0% per year).

In value terms, Syrian Arab Republic ($X) emerged as the key foreign market for ethylene-vinyl acetate copolymers in primary forms exports from Jordan, comprising 67% of total exports. The second position in the ranking was taken by Sudan ($X), with a 28% share of total exports.

From 2016 to 2022, the average annual growth rate of value to Syrian Arab Republic amounted to +32.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (0.0% per year) and Qatar (0.0% per year).

Export Prices by Country

The average ethylene-vinyl acetate copolymers export price stood at $X per ton in 2022, surging by 23% against the previous year. In general, the export price recorded a significant expansion. The growth pace was the most rapid in 2017 when the average export price increased by 88%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Syrian Arab Republic ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (+5.9%), while the prices for the other major destinations experienced mixed trend patterns.

Ethylene-Vinyl Acetate Copolymers Imports

Imports into Jordan

After three years of decline, supplies from abroad of ethylene-vinyl acetate copolymers in primary forms increased by 40% to X tons in 2022. Over the period under review, imports, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2018 with an increase of 707% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, ethylene-vinyl acetate copolymers imports soared to $X in 2022. Overall, imports continue to indicate a pronounced expansion. The pace of growth was the most pronounced in 2018 with an increase of 521% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest ethylene-vinyl acetate copolymers supplier to Jordan, accounting for a 67% share of total imports. Moreover, ethylene-vinyl acetate copolymers imports from India exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), twofold. Belgium (X tons) ranked third in terms of total imports with a 1.2% share.

From 2012 to 2022, the average annual growth rate of volume from India stood at +16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+26.6% per year) and Belgium (-18.6% per year).

In value terms, India ($X) constituted the largest supplier of ethylene-vinyl acetate copolymers in primary forms to Jordan, comprising 67% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 31% share of total imports. It was followed by Belgium, with a 1.2% share.

From 2012 to 2022, the average annual growth rate of value from India stood at +23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+43.4% per year) and Belgium (-12.8% per year).

Import Prices by Country

The average ethylene-vinyl acetate copolymers import price stood at $X per ton in 2022, with an increase of 34% against the previous year. In general, the import price showed strong growth. The pace of growth appeared the most rapid in 2021 an increase of 46% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and India ($X per ton), while the price for China ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+69.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform