Turkey: Ethylene-Vinyl Acetate Copolymers Market 2024

Ethylene-Vinyl Acetate Copolymers Market Size in Turkey

In 2022, the Turkish ethylene-vinyl acetate copolymers market increased by 27% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Ethylene-vinyl acetate copolymers consumption peaked in 2022 and is likely to continue growth in the near future.

Ethylene-Vinyl Acetate Copolymers Production in Turkey

In value terms, ethylene-vinyl acetate copolymers production declined to $X in 2022 estimated in export price. In general, production showed a deep downturn. The growth pace was the most rapid in 2016 with an increase of 56%. Ethylene-vinyl acetate copolymers production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Ethylene-Vinyl Acetate Copolymers Exports

Exports from Turkey

In 2022, approx. X tons of ethylene-vinyl acetate copolymers in primary forms were exported from Turkey; jumping by 266% compared with the previous year. In general, exports saw a significant expansion. The growth pace was the most rapid in 2019 with an increase of 336% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, ethylene-vinyl acetate copolymers exports soared to $X in 2022. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons), Italy (X tons) and Iran (X tons) were the main destinations of ethylene-vinyl acetate copolymers exports from Turkey, together comprising 56% of total exports. Iraq, Ukraine, Belgium, Albania, Uzbekistan, Tunisia, Morocco, Algeria, Greece and Spain lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for Tunisia (with a CAGR of +856.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) emerged as the key foreign market for ethylene-vinyl acetate copolymers in primary forms exports from Turkey, comprising 36% of total exports. The second position in the ranking was taken by Iran ($X), with a 12% share of total exports. It was followed by Belgium, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Russia stood at +607.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+51.4% per year) and Belgium (+80.5% per year).

Export Prices by Country

In 2022, the average ethylene-vinyl acetate copolymers export price amounted to $X per ton, with an increase of 31% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 36% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Belgium ($X per ton), while the average price for exports to Iraq ($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 Tunisia (+24.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene-Vinyl Acetate Copolymers Imports

Imports into Turkey

In 2022, the amount of ethylene-vinyl acetate copolymers in primary forms imported into Turkey skyrocketed to X tons, with an increase of 20% against the previous year. Overall, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +9.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 23%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, ethylene-vinyl acetate copolymers imports skyrocketed to $X in 2022. In general, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

South Korea (X tons), Italy (X tons) and Saudi Arabia (X tons) were the main suppliers of ethylene-vinyl acetate copolymers imports to Turkey, together comprising 57% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +85.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Italy ($X) and Saudi Arabia ($X) appeared to be the largest ethylene-vinyl acetate copolymers suppliers to Turkey, together accounting for 55% of total imports.

Among the main suppliers, Saudi Arabia, with a CAGR of +95.6%, saw the highest rates of growth with regard to 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, jumping by 32% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% 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 +100.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 52%. The import price peaked in 2022 and is likely to continue growth in the near future.

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 Thailand ($X per ton), while the price for Saudi Arabia ($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) (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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