Spain: Ethylene-Vinyl Acetate Copolymers Market 2024

Ethylene-Vinyl Acetate Copolymers Market Size in Spain

In 2022, the Spanish ethylene-vinyl acetate copolymers market increased by 56% to $X, rising for the second year in a row after two years of decline. In general, consumption posted a strong increase. Ethylene-vinyl acetate copolymers consumption peaked in 2022 and is expected to retain growth in the immediate term.

Ethylene-Vinyl Acetate Copolymers Production in Spain

In value terms, ethylene-vinyl acetate copolymers production fell notably to $X in 2022 estimated in export price. Over the period under review, the total production indicated a measured increase from 2012 to 2022: its value 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. Based on 2022 figures, production increased by +28.5% against 2020 indices. The growth pace was the most rapid in 2021 when the production volume increased by 57% against the previous year. As a result, production reached the peak level of $X, and then declined remarkably in the following year.

Ethylene-Vinyl Acetate Copolymers Exports

Exports from Spain

In 2022, shipments abroad of ethylene-vinyl acetate copolymers in primary forms decreased by -15.8% to X tons, falling for the third consecutive year after two years of growth. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 13% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, ethylene-vinyl acetate copolymers exports rose to $X in 2022. In general, total exports indicated a prominent expansion from 2013 to 2022: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 42%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

Italy (X tons), Germany (X tons) and France (X tons) were the main destinations of ethylene-vinyl acetate copolymers exports from Spain, with a combined 53% share of total exports. Portugal, Turkey, China, the United States, the Netherlands, the UK and Belgium lagged somewhat behind, together comprising a further 31%.

From 2013 to 2022, the biggest increases were recorded for China (with a CAGR of +25.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and France ($X) appeared to be the largest markets for ethylene-vinyl acetate copolymers exported from Spain worldwide, together comprising 57% of total exports. Portugal, Turkey, the Netherlands, China, the UK, the United States and Belgium lagged somewhat behind, together accounting for a further 28%.

The United States, with a CAGR of +25.2%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ethylene-vinyl acetate copolymers export price stood at $X per ton in 2022, surging by 23% against the previous year. Overall, export price indicated a tangible expansion from 2013 to 2022: its price increased at an average annual rate of +4.6% over the last nine years. 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 +103.2% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 65%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene-Vinyl Acetate Copolymers Imports

Imports into Spain

In 2022, purchases abroad of ethylene-vinyl acetate copolymers in primary forms increased by 11% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +4.8% over the period from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 43%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, ethylene-vinyl acetate copolymers imports soared to $X in 2022. In general, total imports indicated a resilient increase from 2013 to 2022: its value increased at an average annual rate of +9.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +100.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 54% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of ethylene-vinyl acetate copolymers to Spain, accounting for a 31% share of total imports. Moreover, ethylene-vinyl acetate copolymers imports from Belgium exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. France (X tons) ranked third in terms of total imports with an 8.3% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+14.9% per year) and France (-2.3% per year).

In value terms, the largest ethylene-vinyl acetate copolymers suppliers to Spain were Belgium ($X), South Korea ($X) and France ($X), with a combined 57% share of total imports. Germany, Saudi Arabia, the United States, Italy, China, the UK, Brazil and Canada lagged somewhat behind, together accounting for a further 39%.

In terms of the main suppliers, Saudi Arabia, with a CAGR of +96.8%, recorded the highest growth rate of the value of imports, 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, increasing by 17% against the previous year. Overall, import price indicated a tangible expansion from 2013 to 2022: its price increased at an average annual rate of +4.3% over the last nine years. 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 +74.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 49% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

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 Germany ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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