Price for Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms in South Korea - 2022

Contents:

1. Price for Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms in South Korea (FOB) - 2022
2. Price for Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms in South Korea (CIF) - 2022
3. Exports of Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms in South Korea
4. Imports of Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms in South Korea

Price for Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms in South Korea (FOB) - 2022

The average export price for vinyl acetate copolymers; (other than in aqueous dispersion), in primary formses stood at $2,457 per ton in December 2022, dropping by -11.2% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2022 an increase of 10% month-to-month. Over the period under review, the average export prices attained the peak figure at $3,060 per ton in October 2022; however, from November 2022 to December 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In December 2022, the countries with the highest prices were Uruguay ($3,020 per ton) and Argentina ($2,789 per ton), while the average price for exports to Malaysia ($2,078 per ton) and Vietnam ($2,119 per ton) were amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms in South Korea (CIF) - 2022

In December 2022, the average import price for vinyl acetate copolymers; (other than in aqueous dispersion), in primary formses amounted to $4,108 per ton, rising by 7.6% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.6%. The pace of growth appeared the most rapid in January 2022 an increase of 37% m-o-m. The import price peaked at $5,618 per ton in September 2022; however, from October 2022 to December 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was China ($17,000 per ton), while the price for Germany ($3,505 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, after three years of growth, there was significant decline in overseas shipments of vinyl acetate copolymers; (other than in aqueous dispersion), in primary formses, when their volume decreased by -18.5% to 58K tons. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,334%.

In value terms, exports of vinyl acetate copolymers; (other than in aqueous dispersion), in primary formses reached $156M in 2022. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,365%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

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

1. India (24.7K tons)
2. Brazil (9.8K tons)
3. Philippines (3.8K tons)
4. Saudi Arabia (2.8K tons)
5. Thailand (2.2K tons)
6. Australia (2.0K tons)
7. China (1.7K tons)
8. Vietnam (1.3K tons)
9. Argentina (1.3K tons)
10. United Arab Emirates (1.0K tons)
11. Mexico (0.9K tons)

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

In 2022, imports of vinyl acetate copolymers; (other than in aqueous dispersion), in primary formses into South Korea fell notably to 1.9K tons, dropping by -20.4% against the year before. In general, imports continue to indicate a deep setback. The smallest decline of -1.3% was in 2021.

In value terms, imports of vinyl acetate copolymers; (other than in aqueous dispersion), in primary formses expanded remarkably to $8.1M in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 8.1% against the previous year. 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 South Korea in 2022:

1. Germany (1345.5 tons)
2. China (300.4 tons)
3. Switzerland (176.8 tons)
4. France (30.0 tons)
5. Netherlands (15.3 tons)

Source: IndexBox Market Intelligence Platform