Price for Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms in India - 2023

Contents:

1. Price for Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms in India (CIF) - 2023
2. Price for Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms in India (FOB) - 2023
3. Imports of Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms in India
4. Exports of Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms in India

Price for Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms in India (CIF) - 2023

The average import price for vinyl acetate copolymers; (other than in aqueous dispersion), in primary formses stood at $1,763 per ton in October 2023, picking up by 2.9% against the previous month. In general, the import price, however, showed a noticeable descent. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 3.6% month-to-month. The import price peaked at $3,015 per ton in November 2022; however, from December 2022 to October 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Germany ($2,533 per ton), while the price for China ($1,472 per ton) was amongst the lowest.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Russia (-2.8%), while the prices for the other major suppliers experienced a decline.

Price for Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms in India (FOB) - 2023

In October 2023, the average export price for vinyl acetate copolymers; (other than in aqueous dispersion), in primary formses amounted to $1,855 per ton, which is down by -15.4% against the previous month. Overall, the export price saw a pronounced downturn. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 516% against the previous month. As a result, the export price attained the peak level of $18,319 per ton. From January 2023 to October 2023, the the average export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In October 2023, the highest price was recorded for prices to Liberia ($2,171 per ton) and Guatemala ($1,964 per ton), while the average price for exports to Turkey ($1,669 per ton) and the United Arab Emirates ($1,707 per ton) were amongst the lowest.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms in India

Imports of vinyl acetate copolymers; (other than in aqueous dispersion), in primary formses into India contracted to 62K tons in 2022, declining by -7% against 2021. The total import volume increased at an average annual rate of +3.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. As a result, imports attained the peak of 67K tons, and then dropped in the following year.

In value terms, imports of vinyl acetate copolymers; (other than in aqueous dispersion), in primary formses surged to $177M in 2022. Over the period under review, imports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by 53%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms to India in 2022:

1. South Korea (29.0K tons)
2. Singapore (16.7K tons)
3. China (8.2K tons)
4. Taiwan (Chinese) (3.5K tons)
5. Germany (1.5K tons)

Exports of Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms in India

In 2022, after two years of decline, there was significant growth in shipments abroad of vinyl acetate copolymers; (other than in aqueous dispersion), in primary formses, when their volume increased by 411% to 1.1K tons. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of vinyl acetate copolymers; (other than in aqueous dispersion), in primary formses skyrocketed to $2.1M in 2022. Overall, exports posted a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms from India in 2022:

1. Russia (585.2 tons)
2. Mexico (150.0 tons)
3. Nepal (132.4 tons)
4. Ecuador (50.0 tons)
5. Saudi Arabia (45.6 tons)
6. Bangladesh (35.8 tons)
7. Kuwait (32.2 tons)
8. Colombia (25.0 tons)
9. Sri Lanka (21.8 tons)
10. United Arab Emirates (8.0 tons)

Source: IndexBox Market Intelligence Platform