Report Update Nov 1, 2024

Nigeria - Ethylene-Vinyl Acetate Copolymers in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Ethylene-Vinyl Acetate Copolymers Market 2024

Ethylene-Vinyl Acetate Copolymers Market Size in Nigeria

The Nigerien ethylene-vinyl acetate copolymers market soared to $X in 2022, picking up by 184% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed a resilient expansion. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Ethylene-Vinyl Acetate Copolymers Exports

Exports from Nigeria

In 2022, overseas shipments of ethylene-vinyl acetate copolymers in primary forms increased by 11% to X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of 2,984% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, ethylene-vinyl acetate copolymers exports contracted to $X in 2022. In general, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of 3,064%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for ethylene-vinyl acetate copolymers exports from Nigeria, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium stood at -13.1%.

In value terms, Belgium ($X) also remains the key foreign market for ethylene-vinyl acetate copolymers in primary forms exports from Nigeria.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium amounted to -9.6%.

Export Prices by Country

In 2022, the average ethylene-vinyl acetate copolymers export price amounted to $X per ton, which is down by -15.3% against the previous year. Over the period under review, the export price, however, continues to indicate notable growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 202%. The export price peaked at $X per ton in 2021, and then dropped significantly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to +4.1% per year.

Ethylene-Vinyl Acetate Copolymers Imports

Imports into Nigeria

In 2022, the amount of ethylene-vinyl acetate copolymers in primary forms imported into Nigeria skyrocketed to X tons, rising by 111% compared with the previous year. Overall, imports posted a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 621%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, ethylene-vinyl acetate copolymers imports soared to $X in 2022. Over the period under review, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 588% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of ethylene-vinyl acetate copolymers to Nigeria, accounting for a 48% share of total imports. Moreover, ethylene-vinyl acetate copolymers imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by Saudi Arabia (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+10.1% per year) and Saudi Arabia (+14.0% per year).

In value terms, the largest ethylene-vinyl acetate copolymers suppliers to Nigeria were China ($X), Saudi Arabia ($X) and the United States ($X), with a combined 75% share of total imports.

China, with a CAGR of +28.5%, recorded the highest growth rate of the value of imports, among 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, jumping by 60% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Saudi Arabia ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ethylene-vinyl acetate copolymers in primary forms in the world?

China remains the largest ethylene-vinyl acetate copolymers consuming country worldwide, accounting for 27% of total volume. Moreover, ethylene-vinyl acetate copolymers consumption in China exceeded the figures recorded by the second-largest consumer, Taiwan Chinese), threefold. The third position in this ranking was occupied by the United States, with a 7% share.

What are the largest producers of ethylene-vinyl acetate copolymers in primary forms in the world?

The countries with the highest volumes of in 2021 were South Korea, the United States and Taiwan Chinese), with a combined 37% share of global production.

What are the leading suppliers of ethylene-vinyl acetate copolymers in primary forms to Nigeria?

In value terms, the largest ethylene-vinyl acetate copolymers suppliers to Nigeria were Saudi Arabia, China and Brazil, with a combined 65% share of total imports.

What are the leading importers of ethylene-vinyl acetate copolymers in primary forms from Nigeria?

In value terms, Belgium remains the key foreign market for ethylene-vinyl acetate copolymers exports from Nigeria.

What is the average export price for ethylene-vinyl acetate copolymers in primary forms in Nigeria?

The average ethylene-vinyl acetate copolymers export price stood at $1,338 per ton in 2021, which is down by -8.1% against the previous year.

What is the average import price for ethylene-vinyl acetate copolymers in primary forms in Nigeria?

The average ethylene-vinyl acetate copolymers import price stood at $1,370 per ton in 2021, shrinking by -3.4% against the previous year.

This report provides an in-depth analysis of the ethylene-vinyl acetate copolymers market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20161070 - Ethylene-vinyl acetate copolymers, in primary forms

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023