Price for Vinyl Acetate Copolymers; in Aqueous Dispersion, in Primary Forms in Turkey - 2024

Contents:

  1. Price for Vinyl Acetate Copolymers; in Aqueous Dispersion, in Primary Forms in Turkey (CIF) - 2024
  2. Price for Vinyl Acetate Copolymers; in Aqueous Dispersion, in Primary Forms in Turkey (FOB) - 2024
  3. Imports of Vinyl Acetate Copolymers; in Aqueous Dispersion, in Primary Forms in Turkey
  4. Exports of Vinyl Acetate Copolymers; in Aqueous Dispersion, in Primary Forms in Turkey

Price for Vinyl Acetate Copolymers; in Aqueous Dispersion, in Primary Forms in Turkey (CIF) - 2024

In January 2024, the average import price for vinyl acetate copolymers; in aqueous dispersion, in primary formses amounted to $1,653 per ton, with an increase of 2.8% against the previous month. Over the period under review, the import price, however, saw a mild decrease. The pace of growth was the most pronounced in September 2023 when the average import price increased by 7.8% m-o-m. Over the period under review, average import prices attained the peak figure at $2,092 per ton in February 2023; however, from March 2023 to January 2024, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Greece ($2,568 per ton), while the price for Singapore ($1,260 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by South Korea (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vinyl Acetate Copolymers; in Aqueous Dispersion, in Primary Forms in Turkey (FOB) - 2024

The average export price for vinyl acetate copolymers; in aqueous dispersion, in primary formses stood at $1,152 per ton in January 2024, leveling off at the previous month. Over the period under review, the export price, however, recorded a perceptible setback. The most prominent rate of growth was recorded in October 2023 when the average export price increased by 15% month-to-month. The export price peaked at $1,704 per ton in February 2023; however, from March 2023 to January 2024, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In January 2024, the country with the highest price was Bangladesh ($3,262 per ton), while the average price for exports to Egypt ($862 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vinyl Acetate Copolymers; in Aqueous Dispersion, in Primary Forms in Turkey

In 2022, imports of vinyl acetate copolymers; in aqueous dispersion, in primary formses into Turkey totaled 8.3K tons, increasing by 2.1% compared with the previous year. The total import volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 7.7%. As a result, imports reached the peak of 8.4K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of vinyl acetate copolymers; in aqueous dispersion, in primary formses skyrocketed to $17M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Vinyl Acetate Copolymers; in Aqueous Dispersion, in Primary Forms in Turkey (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany5.77.08.78.815.6%
Netherlands1.31.21.82.524.4%
Italy0.10.51.22.2180.2%
SingaporeN/A0.20.81.5173.9%
GreeceN/AN/A0.10.7600.0%
Malaysia0.90.80.40.4-23.7%
AustriaN/AN/AN/A0.40%
United Kingdom1.00.40.40.2-41.5%
South Korea0.20.20.10.1-20.6%
Others0.70.60.30.5-10.6%
Total10.011.113.817.320.0%

Top Suppliers of Vinyl Acetate Copolymers; in Aqueous Dispersion, in Primary Forms to Turkey in 2022:

  1. Germany (4536.3 tons)
  2. Netherlands (1139.2 tons)
  3. Italy (921.9 tons)
  4. Singapore (752.4 tons)
  5. Greece (279.6 tons)
  6. Malaysia (215.6 tons)
  7. Austria (160.7 tons)
  8. United Kingdom (73.0 tons)
  9. South Korea (39.8 tons)

Exports of Vinyl Acetate Copolymers; in Aqueous Dispersion, in Primary Forms in Turkey

For the third consecutive year, Turkey recorded decline in shipments abroad of vinyl acetate copolymers; in aqueous dispersion, in primary formses, which decreased by -37% to 8.5K tons in 2022. Overall, exports faced a sharp reduction. The smallest decline of -20.6% was in 2021.

In value terms, exports of vinyl acetate copolymers; in aqueous dispersion, in primary formses shrank rapidly to $14M in 2022. Over the period under review, exports recorded a abrupt setback. The growth pace was the most rapid in 2021 when exports increased by 30% against the previous year.

Export of Vinyl Acetate Copolymers; in Aqueous Dispersion, in Primary Forms in Turkey (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Israel4.62.74.12.0-24.2%
Egypt3.64.05.31.8-20.6%
Russia0.1N/AN/A1.7157.1%
Poland0.20.51.31.071.0%
Italy0.40.20.60.931.0%
Lebanon0.40.50.50.931.0%
Syrian Arab RepublicN/AN/AN/A0.90%
LibyaN/AN/A0.30.433.3%
Portugal0.70.70.70.4-17.0%
FranceN/AN/A0.80.3-62.5%
Uzbekistan0.30.20.70.30.0%
Ethiopia3.90.30.10.3-57.5%
Mozambique0.10.20.10.344.2%
Others5.05.24.53.1-14.7%
Total19.314.619.014.5-9.1%

Top Export Markets for Vinyl Acetate Copolymers; in Aqueous Dispersion, in Primary Forms from Turkey in 2022:

  1. Egypt (1250.9 tons)
  2. Israel (1054.5 tons)
  3. Russia (677.5 tons)
  4. Italy (659.8 tons)
  5. Lebanon (599.0 tons)
  6. Poland (571.6 tons)
  7. Syrian Arab Republic (564.3 tons)
  8. Ethiopia (291.2 tons)
  9. Portugal (272.5 tons)
  10. Libya (270.0 tons)
  11. Uzbekistan (208.4 tons)
  12. Mozambique (204.0 tons)
  13. France (159.2 tons)

Source: IndexBox Market Intelligence Platform

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