Middle East: Ethylene-Vinyl Acetate Copolymers Market 2025

Ethylene-Vinyl Acetate Copolymers Market Size in the Middle East

In 2022, the Middle Eastern ethylene-vinyl acetate copolymers market increased by 2.8% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate a slight shrinkage. 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 the Middle East

In value terms, ethylene-vinyl acetate copolymers production stood at $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 31% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Ethylene-Vinyl Acetate Copolymers Exports

Exports in the Middle East

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, continue to indicate significant growth. The pace of growth was the most pronounced in 2016 with an increase of 152% against the previous year. The volume of export peaked at X tons in 2021, and then declined in the following year.

In value terms, ethylene-vinyl acetate copolymers exports fell to $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 107% against the previous year. The level of export peaked at $X in 2021, and then fell in the following year.

Exports by Country

Saudi Arabia dominates exports structure, accounting for X tons, which was near 74% of total exports in 2022. Kuwait (X tons) ranks second in terms of the total exports with an 8.7% share, followed by Turkey (8.2%) and the United Arab Emirates (7.4%).

Exports from Saudi Arabia increased at an average annual rate of +43.1% from 2012 to 2022. 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 the Middle East, with a CAGR of +46.3% from 2012-2022. From 2012 to 2022, the share of Saudi Arabia and Turkey increased by +38 and +5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest ethylene-vinyl acetate copolymers supplier in the Middle East, comprising 79% of total exports. The second position in the ranking was held by Turkey ($X), with a 10% share of total exports. It was followed by the United Arab Emirates, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value in Saudi Arabia amounted to +49.4%. In the other countries, the average annual rates were as follows: Turkey (+45.8% per year) and the United Arab Emirates (+17.7% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, flattening at the previous year. Over the last decade, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2017 when the export price increased by 24%. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then shrank modestly in the following year.

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 the Middle East

In 2022, purchases abroad of ethylene-vinyl acetate copolymers in primary forms decreased by -20.9% to X tons, falling for the second year in a row after two years of growth. Total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.6% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by 24% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, ethylene-vinyl acetate copolymers imports expanded significantly to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 +45.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 37%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Turkey dominates imports structure, amounting to X tons, which was approx. 75% of total imports in 2022. The United Arab Emirates (X tons) held a 9.9% share (based on physical terms) of total imports, which put it in second place, followed by Israel (6.8%). Iran (X tons) held a minor share of total imports.

Imports into Turkey increased at an average annual rate of +9.8% from 2012 to 2022. At the same time, the United Arab Emirates (+14.8%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the Middle East, 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 and the United Arab Emirates increased by +36 and +6.6 percentage points, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported ethylene-vinyl acetate copolymers in primary forms in the Middle East, comprising 80% of total imports. The second position in the ranking was held by Israel ($X), with a 7.5% share of total imports. It was followed by the United Arab Emirates, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at +14.2%. The remaining importing countries recorded the following average annual rates of imports growth: Israel (+3.4% per year) and the United Arab Emirates (+12.3% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, with an increase of 35% against the previous year. Import price indicated a perceptible increase 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 +90.4% against 2020 indices. The growth pace was the most rapid in 2021 when the import price increased by 41%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while the United Arab Emirates ($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

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