Romania: Ethylene-Vinyl Acetate Copolymers Market 2024

Ethylene-Vinyl Acetate Copolymers Market Size in Romania

After two years of growth, the Romanian ethylene-vinyl acetate copolymers market decreased by -32.3% to $X in 2022. Overall, consumption, however, continues to indicate a prominent expansion. Ethylene-vinyl acetate copolymers consumption peaked at $X in 2021, and then dropped dramatically in the following year.

Ethylene-Vinyl Acetate Copolymers Exports

Exports from Romania

In 2022, ethylene-vinyl acetate copolymers exports from Romania declined significantly to X tons, dropping by -30.6% against the year before. Overall, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 132%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, ethylene-vinyl acetate copolymers exports contracted sharply to $X in 2022. In general, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of 140%. Over the period under review, the exports hit record highs at $X in 2021, and then reduced sharply in the following year.

Exports by Country

Moldova (X tons), Italy (X tons) and Germany (X tons) were the main destinations of ethylene-vinyl acetate copolymers exports from Romania, with a combined 97% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +99.5%), while the other leaders experienced more modest paces of growth.

In value terms, Moldova ($X) remains the key foreign market for ethylene-vinyl acetate copolymers in primary forms exports from Romania, comprising 76% of total exports. The second position in the ranking was taken by Germany ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Moldova totaled +20.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+91.9% per year) and Italy (-3.3% per year).

Export Prices by Country

In 2022, the average ethylene-vinyl acetate copolymers export price amounted to $X per ton, increasing by 2.6% against the previous year. Overall, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.1% 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 export price increased by +44.0% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 40%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.

Ethylene-Vinyl Acetate Copolymers Imports

Imports into Romania

In 2022, after two years of growth, there was significant decline in overseas purchases of ethylene-vinyl acetate copolymers in primary forms, when their volume decreased by -36.4% to X tons. Over the period under review, imports, however, posted a temperate expansion. The growth pace was the most rapid in 2017 when imports increased by 83%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, ethylene-vinyl acetate copolymers imports shrank rapidly to $X in 2022. Overall, imports, however, saw buoyant growth. The growth pace was the most rapid in 2017 with an increase of 91% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank significantly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest ethylene-vinyl acetate copolymers supplier to Romania, with a 41% share of total imports. Moreover, ethylene-vinyl acetate copolymers imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Italy (X tons) ranked third in terms of total imports with an 18% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.1% per year) and Italy (+11.2% per year).

In value terms, the largest ethylene-vinyl acetate copolymers suppliers to Romania were Italy ($X), Germany ($X) and China ($X), with a combined 73% share of total imports. Belgium, Taiwan (Chinese), Spain, France and Slovakia lagged somewhat behind, together accounting for a further 22%.

Slovakia, with a CAGR of +52.1%, saw 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

The average ethylene-vinyl acetate copolymers import price stood at $X per ton in 2022, rising by 8.9% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.5% 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 +45.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 34% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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