MENA: Ethylene-Vinyl Acetate Copolymers Market 2024

Ethylene-Vinyl Acetate Copolymers Market Size in MENA

The MENA's ethylene-vinyl acetate copolymers market shrank to $X in 2022, which is down by -6.7% against the previous year. In general, consumption 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 MENA

In value terms, ethylene-vinyl acetate copolymers production expanded slightly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 31%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Ethylene-Vinyl Acetate Copolymers Exports

Exports in MENA

In 2022, after four years of growth, there was significant decline in overseas shipments of ethylene-vinyl acetate copolymers in primary forms, when their volume decreased by -9.4% to X tons. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 151% against the previous year. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, ethylene-vinyl acetate copolymers exports declined to $X in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 107%. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted in the following year.

Exports by Country

Saudi Arabia dominates exports structure, amounting to X tons, which was near 74% of total exports in 2022. Kuwait (X tons) held an 8.6% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (8.2%) and the United Arab Emirates (7.4%).

From 2012 to 2022, average annual rates of growth with regard to ethylene-vinyl acetate copolymers exports from Saudi Arabia stood at +43.1%. At the same time, Turkey (+46.3%), Kuwait (+31.0%) and the United Arab Emirates (+12.7%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of +46.3% from 2012-2022. Saudi Arabia (+38 p.p.) and Turkey (+5 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -31.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest ethylene-vinyl acetate copolymers supplier in MENA, comprising 79% of total exports. The second position in the ranking was held by Turkey ($X), with a 10% share of total exports. It was followed by the United Arab Emirates, with a 7.2% share.

In Saudi Arabia, ethylene-vinyl acetate copolymers exports increased at an average annual rate of +49.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+45.8% per year) and the United Arab Emirates (+17.7% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. The growth pace was the most rapid in 2017 an increase of 23% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.5%), while the other leaders experienced mixed trends in the export price figures.

Ethylene-Vinyl Acetate Copolymers Imports

Imports in MENA

In 2022, after three years of growth, there was significant decline in supplies from abroad of ethylene-vinyl acetate copolymers in primary forms, when their volume decreased by -26.1% to X tons. Total imports indicated moderate growth from 2012 to 2022: its volume 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. The pace of growth was the most pronounced in 2016 with an increase of 22%. The volume of import peaked at X tons in 2021, and then contracted significantly in the following year.

In value terms, ethylene-vinyl acetate copolymers imports shrank to $X in 2022. Total imports indicated a buoyant expansion 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, imports increased by +97.7% against 2013 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 48%. As a result, imports reached the peak of $X, and then dropped modestly in the following year.

Imports by Country

Turkey was the major importing country with an import of about X tons, which amounted to 57% of total imports. Egypt (X tons) took the second position in the ranking, distantly followed by the United Arab Emirates (X tons) and Israel (X tons). All these countries together held approx. 28% share of total imports. The following importers - Algeria (X tons), Morocco (X tons) and Iran (X tons) - together made up 8.7% of total imports.

From 2012 to 2022, average annual rates of growth with regard to ethylene-vinyl acetate copolymers imports into Turkey stood at +9.8%. At the same time, the United Arab Emirates (+14.8%), Egypt (+9.8%), Algeria (+4.3%) and Morocco (+4.1%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in MENA, with a CAGR of +14.8% from 2012-2022. Israel experienced a relatively flat trend pattern. By contrast, Iran (-11.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, Egypt and the United Arab Emirates increased by +25, +6.8 and +4.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported ethylene-vinyl acetate copolymers in primary forms in MENA, comprising 61% of total imports. The second position in the ranking was taken by Egypt ($X), with a 17% share of total imports. It was followed by Israel, with a 5.7% share.

In Turkey, ethylene-vinyl acetate copolymers imports expanded at an average annual rate of +14.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (+12.7% per year) and Israel (+3.4% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, increasing by 30% against the previous year. Import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% 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 +85.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 42%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform