South Africa: Ethylene-Vinyl Acetate Copolymers Market 2024

Ethylene-Vinyl Acetate Copolymers Market Size in South Africa

In 2022, the South African ethylene-vinyl acetate copolymers market increased by 25% to $X, rising for the second consecutive year after four years of decline. Overall, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +83.4% against 2020 indices. Ethylene-vinyl acetate copolymers consumption peaked in 2022 and is likely to continue growth in the near future.

Ethylene-Vinyl Acetate Copolymers Exports

Exports from South Africa

After four years of decline, shipments abroad of ethylene-vinyl acetate copolymers in primary forms increased by 735% to X tons in 2022. Overall, exports, however, continue to indicate a perceptible curtailment. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, ethylene-vinyl acetate copolymers exports surged to $X in 2022. Over the period under review, exports, however, recorded a abrupt setback. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Zimbabwe (X tons), the UK (X tons) and Zambia (X tons) were the main destinations of ethylene-vinyl acetate copolymers exports from South Africa, together accounting for 99% of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +154.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ethylene-vinyl acetate copolymers exported from South Africa were Zimbabwe ($X), Zambia ($X) and the UK ($X), with a combined 98% share of total exports.

Among the main countries of destination, the UK, with a CAGR of +125.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ethylene-vinyl acetate copolymers export price amounted to $X per ton, with a decrease of -39.5% against the previous year. In general, the export price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 an increase of 63%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lesotho ($X per ton), while the average price for exports to Zimbabwe ($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 Nigeria (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene-Vinyl Acetate Copolymers Imports

Imports into South Africa

In 2022, purchases abroad of ethylene-vinyl acetate copolymers in primary forms increased by 24% to X tons, rising for the second year in a row after four years of decline. The total import volume increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, ethylene-vinyl acetate copolymers imports soared to $X in 2022. Overall, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 +93.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 52%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of ethylene-vinyl acetate copolymers to South Africa, with a 46% share of total imports. Moreover, ethylene-vinyl acetate copolymers imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), fourfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+42.8% per year) and Taiwan (Chinese) (+4.5% per year).

In value terms, China ($X) constituted the largest supplier of ethylene-vinyl acetate copolymers in primary forms to South Africa, comprising 30% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 14% share of total imports. It was followed by Saudi Arabia, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+9.0% per year) and Saudi Arabia (+37.8% per year).

Import Prices by Country

The average ethylene-vinyl acetate copolymers import price stood at $X per ton in 2022, growing by 3.3% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 16%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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