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

Contents:

1. Price for Vinyl Acetate Polymers; (Other than in Aqueous Dispersion), in Primary Forms in China (FOB) - 2022
2. Price for Vinyl Acetate Polymers; (Other than in Aqueous Dispersion), in Primary Forms in China (CIF) - 2023
3. Exports of Vinyl Acetate Polymers; (Other than in Aqueous Dispersion), in Primary Forms in China
4. Imports of Vinyl Acetate Polymers; (Other than in Aqueous Dispersion), in Primary Forms in China

Price for Vinyl Acetate Polymers; (Other than in Aqueous Dispersion), in Primary Forms in China (FOB) - 2022

The average export price for vinyl acetate polymers; (other than in aqueous dispersion), in primary formses stood at $2,754 per ton in 2022, with an increase of 42% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for vinyl acetate polymers; (other than in aqueous dispersion), in primary formses increased by +76.9% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($3,967 per ton), while the average price for exports to Nigeria ($873 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 Nigeria (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for vinyl acetate polymers; (other than in aqueous dispersion), in primary formses stood at $3,555 per ton in December 2023, surging by 43% against the previous month. In general, import price indicated notable growth from December 2022 to December 2023: its price increased at an average monthly rate of +4.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for vinyl acetate polymers; (other than in aqueous dispersion), in primary formses increased by +43.2% against November 2023 indices. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 70% m-o-m. The import price peaked at $4,086 per ton in February 2023; however, from March 2023 to December 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Germany ($3,617 per ton), while the price for the Netherlands amounted to $750 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Japan (+11.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Vinyl Acetate Polymers; (Other than in Aqueous Dispersion), in Primary Forms in China

In 2022, the amount of vinyl acetate polymers; (other than in aqueous dispersion), in primary formses exported from China expanded sharply to 4.4K tons, picking up by 5.8% compared with 2021 figures. The total export volume increased at an average annual rate of +7.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of vinyl acetate polymers; (other than in aqueous dispersion), in primary formses skyrocketed to $12M in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 70% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

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

1. Mexico (1842.5 tons)
2. Pakistan (469.1 tons)
3. South Korea (268.4 tons)
4. Brazil (257.6 tons)
5. Nigeria (226.9 tons)
6. Philippines (226.5 tons)
7. Japan (218.0 tons)
8. Indonesia (146.6 tons)
9. Belgium (142.6 tons)
10. Morocco (135.3 tons)
11. Uzbekistan (121.3 tons)
12. Turkey (95.1 tons)
13. Bangladesh (69.7 tons)

Imports of Vinyl Acetate Polymers; (Other than in Aqueous Dispersion), in Primary Forms in China

In 2022, supplies from abroad of vinyl acetate polymers; (other than in aqueous dispersion), in primary formses decreased by -14.6% to 1.8K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +10.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 54%. As a result, imports attained the peak of 2.1K tons, and then dropped in the following year.

In value terms, imports of vinyl acetate polymers; (other than in aqueous dispersion), in primary formses amounted to $4.5M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 49% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. Germany (678.1 tons)
2. Netherlands (483.6 tons)
3. Taiwan (Chinese) (259.0 tons)
4. India (173.9 tons)
5. Japan (92.1 tons)
6. United States (71.8 tons)
7. Belgium (3.5 tons)

Source: IndexBox Market Intelligence Platform