Latin America and the Caribbean: Ethylene-Vinyl Acetate Copolymers Market 2025

Ethylene-Vinyl Acetate Copolymers Market Size in Latin America and the Caribbean

In 2022, the Latin American ethylene-vinyl acetate copolymers market increased by 2.1% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Ethylene-Vinyl Acetate Copolymers Production in Latin America and the Caribbean

In value terms, ethylene-vinyl acetate copolymers production contracted modestly to $X in 2022 estimated in export price. Overall, production saw a slight shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 24%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Ethylene-Vinyl Acetate Copolymers Exports

Exports in Latin America and the Caribbean

After two years of decline, overseas shipments of ethylene-vinyl acetate copolymers in primary forms increased by 33% to X tons in 2022. Overall, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 184%. As a result, the exports reached 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 surged to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 156%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Brazil (X tons), together finishing at 96% of total export.

Brazil was also the fastest-growing in terms of the ethylene-vinyl acetate copolymers in primary forms exports, with a CAGR of -4.9% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest ethylene-vinyl acetate copolymers supplier in Latin America and the Caribbean.

In Brazil, ethylene-vinyl acetate copolymers exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, increasing by 16% against the previous year. Export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.3% 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 +105.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by 76% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +4.7% per year.

Ethylene-Vinyl Acetate Copolymers Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of ethylene-vinyl acetate copolymers in primary forms were imported in Latin America and the Caribbean; picking up by 3.2% on 2021 figures. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by 18%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, ethylene-vinyl acetate copolymers imports surged to $X in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 27%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

Mexico represented the key importing country with an import of about X tons, which finished at 45% of total imports. Brazil (X tons) ranks second in terms of the total imports with a 16% share, followed by Argentina (11%), Colombia (8.2%) and the Dominican Republic (5.4%). The following importers - Peru (X tons) and Chile (X tons) - together made up 7.7% of total imports.

From 2012 to 2022, average annual rates of growth with regard to ethylene-vinyl acetate copolymers imports into Mexico stood at +1.2%. At the same time, the Dominican Republic (+31.4%), Colombia (+6.2%) and Chile (+3.7%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +31.4% from 2012-2022. Peru experienced a relatively flat trend pattern. By contrast, Argentina (-3.1%) and Brazil (-3.3%) illustrated a downward trend over the same period. The Dominican Republic (+5 p.p.), Colombia (+3.5 p.p.) and Mexico (+3 p.p.) significantly strengthened its position in terms of the total imports, while Argentina and Brazil saw its share reduced by -4.9% and -7.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported ethylene-vinyl acetate copolymers in primary forms in Latin America and the Caribbean, comprising 48% of total imports. The second position in the ranking was taken by Brazil ($X), with a 19% share of total imports. It was followed by Argentina, with a 14% share.

In Mexico, ethylene-vinyl acetate copolymers imports expanded at an average annual rate of +2.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+0.5% per year) and Argentina (+0.5% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, rising by 22% against the previous year. Import price indicated a modest increase 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 import price increased by +63.3% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of 33% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per ton), while the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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