United Kingdom: Ethylene-Vinyl Acetate Copolymers Market 2024

Ethylene-Vinyl Acetate Copolymers Market Size in the UK

In 2022, the UK ethylene-vinyl acetate copolymers market increased by 24% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.2% 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 +66.9% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the near future.

Ethylene-Vinyl Acetate Copolymers Production in the UK

In value terms, ethylene-vinyl acetate copolymers production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2014 with an increase of 15% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Ethylene-Vinyl Acetate Copolymers Exports

Exports from the UK

For the third year in a row, the UK recorded decline in overseas shipments of ethylene-vinyl acetate copolymers in primary forms, which decreased by -5.7% to X tons in 2022. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 14%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, ethylene-vinyl acetate copolymers exports rose notably to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 16%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Slovakia (X tons), Germany (X tons) and France (X tons) were the main destinations of ethylene-vinyl acetate copolymers exports from the UK, together accounting for 35% of total exports. The Netherlands, India, Spain, the Czech Republic, Sweden, Finland, Poland, Ireland, Turkey and Saudi Arabia lagged somewhat behind, together accounting for a further 52%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +19.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ethylene-vinyl acetate copolymers exported from the UK were Germany ($X), France ($X) and India ($X), with a combined 32% share of total exports. Slovakia, the Czech Republic, the Netherlands, Spain, Sweden, Poland, Finland, Ireland, Turkey and Saudi Arabia lagged somewhat behind, together comprising a further 50%.

Among the main countries of destination, the Netherlands, with a CAGR of +22.9%, saw the highest growth rate of 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, growing by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2021 when the average export price increased by 26%. The export price peaked 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 Czech Republic ($X per ton), while the average price for exports to Slovakia ($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 Saudi Arabia (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene-Vinyl Acetate Copolymers Imports

Imports into the UK

In 2022, the amount of ethylene-vinyl acetate copolymers in primary forms imported into the UK dropped to X tons, which is down by -5.5% on the year before. Overall, imports showed a mild contraction. The growth pace was the most rapid in 2016 with an increase of 8.9%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, ethylene-vinyl acetate copolymers imports surged to $X in 2022. Over the period under review, total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.4% 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 +89.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. Over the period under review, imports reached the peak figure 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 the UK, accounting for a 39% share of total imports. Moreover, ethylene-vinyl acetate copolymers imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. France (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium totaled -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.7% per year) and France (-7.3% per year).

In value terms, Belgium ($X) constituted the largest supplier of ethylene-vinyl acetate copolymers in primary forms to the UK, comprising 40% of total imports. The second position in the ranking was held by France ($X), with a 15% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (-5.8% per year) and Germany (+5.7% per year).

Import Prices by Country

The average ethylene-vinyl acetate copolymers import price stood at $X per ton in 2022, surging by 34% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% 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 +98.7% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 49% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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