Vietnam: Ethylene-Vinyl Acetate Copolymers Market 2024

Ethylene-Vinyl Acetate Copolymers Market Size in Vietnam

The Vietnamese ethylene-vinyl acetate copolymers market dropped dramatically to $X in 2022, with a decrease of -18.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, posted a prominent increase. As a result, consumption attained the peak level of $X, and then shrank significantly in the following year.

Ethylene-Vinyl Acetate Copolymers Exports

Exports from Vietnam

Ethylene-vinyl acetate copolymers exports from Vietnam amounted to X tons in 2022, rising by 8.2% against the year before. Over the period under review, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 36%. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, ethylene-vinyl acetate copolymers exports expanded remarkably to $X in 2022. Overall, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 63% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons) was the main destination for ethylene-vinyl acetate copolymers exports from Vietnam, with a 53% share of total exports. Moreover, ethylene-vinyl acetate copolymers exports to Indonesia exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia totaled +16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+3.8% per year) and Germany (+66.6% per year).

In value terms, Indonesia ($X) remains the key foreign market for ethylene-vinyl acetate copolymers in primary forms exports from Vietnam, comprising 60% of total exports. The second position in the ranking was held by China ($X), with an 18% share of total exports. It was followed by Germany, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia stood at +17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+6.9% per year) and Germany (+61.7% 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 1.6% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 26%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Africa ($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 South Africa (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene-Vinyl Acetate Copolymers Imports

Imports into Vietnam

In 2022, ethylene-vinyl acetate copolymers imports into Vietnam contracted to X tons, which is down by -7.3% compared with 2021 figures. In general, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 38% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ethylene-vinyl acetate copolymers imports dropped dramatically to $X in 2022. Overall, imports, however, posted strong growth. The pace of growth appeared the most rapid in 2021 when imports increased by 75% against the previous year. As a result, imports reached the peak of $X, and then dropped sharply in the following year.

Imports by Country

Taiwan (Chinese) (X tons), South Korea (X tons) and Saudi Arabia (X tons) were the main suppliers of ethylene-vinyl acetate copolymers imports to Vietnam, together accounting for 79% 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 +38.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), South Korea ($X) and China ($X) constituted the largest ethylene-vinyl acetate copolymers suppliers to Vietnam, together comprising 77% of total imports. Saudi Arabia, Japan, the United States and Thailand lagged somewhat behind, together comprising a further 18%.

Saudi Arabia, with a CAGR of +49.7%, recorded the highest rates of growth with regard to the value of imports, in terms of 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, shrinking by -15.2% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 49%. As a result, import price attained the peak level of $X per ton, and then declined notably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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