Vinyl Acetate Polymers in Primary Forms other than in Aqueous Dispersion Market

The article discusses the upward consumption trend of vinyl acetate polymers in primary forms other than in aqueous dispersion globally. It predicts a market performance with an expected increase in volume and value terms over the next eight years. The data shows a slight decrease in consumption in 2022, following a five-year rising trend. Countries with the highest consumption and production volumes are highlighted, along with trends in imports and exports. The article provides insights into market dynamics, growth rates, and price trends for vinyl acetate polymers in primary forms other than in aqueous dispersion.

Market Forecast

Driven by increasing demand for vinyl acetate polymers in primary forms other than in aqueous dispersion worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +3.5% for the period from 2022 to 2030, which is projected to bring the market volume to 662K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.9% for the period from 2022 to 2030, which is projected to bring the market value to $2.1B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Vinyl Acetate Polymers in Primary Forms other than in Aqueous Dispersion

In 2022, consumption of vinyl acetate polymers in primary forms other than in aqueous dispersion decreased by -3.6% to 502K tons for the first time since 2016, thus ending a five-year rising trend. The total consumption volume increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak volume of 521K tons, and then reduced slightly in the following year.

The revenue of the market for vinyl acetate polymers in primary forms other than in aqueous dispersion worldwide stood at $1.4B in 2022, rising by 11% 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, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +63.9% against 2016 indices. Global consumption peaked in 2022 and is expected to retain growth in the near future.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were India (55K tons), Italy (37K tons) and Spain (25K tons), with a combined 23% share of global consumption. Poland, the United States, Brazil, Romania, the Netherlands, Israel, the UK, Mexico, Tunisia and Saudi Arabia lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of dispersion, amongst the leading consuming countries, was attained by Israel (with a CAGR of +15.9%), while dispersion for the other global leaders experienced more modest paces of growth.

In value terms, the largest vinyl acetate polymers in primary forms other than in aqueous dispersion markets worldwide were India ($151M), Italy ($110M) and Spain ($72M), together accounting for 25% of the global market. The United States, Poland, Brazil, the UK, Romania, Mexico, the Netherlands, Israel, Saudi Arabia and Tunisia lagged somewhat behind, together comprising a further 31%.

In terms of the main consuming countries, Israel, with a CAGR of +17.1%, recorded the highest rates of growth with regard to market size over the period under review, while dispersion for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of vinyl acetate polymers in primary forms other than in aqueous dispersion per capita consumption in 2022 were Israel (1,381 kg per 1000 persons), the Netherlands (901 kg per 1000 persons) and Tunisia (891 kg per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +13.8%), while dispersion for the other global leaders experienced more modest paces of growth.

Production

World Production of Vinyl Acetate Polymers in Primary Forms other than in Aqueous Dispersion

In 2022, after six years of growth, there was significant decline in production of vinyl acetate polymers in primary forms other than in aqueous dispersion, when its volume decreased by -10.9% to 248K tons. Overall, the total production indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +47.7% against 2015 indices. The pace of growth appeared the most rapid in 2021 with an increase of 22% against the previous year. As a result, production reached the peak volume of 279K tons, and then dropped in the following year.

In value terms, production of vinyl acetate polymers in primary forms other than in aqueous dispersion rose to $460M in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when the production volume increased by 13% against the previous year. As a result, production attained the peak level of $474M. From 2021 to 2022, global production of growth remained at a lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were South Korea (57K tons), Switzerland (37K tons) and Singapore (34K tons), together accounting for 52% of global production.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +51.1%), while dispersion for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Vinyl Acetate Polymers in Primary Forms other than in Aqueous Dispersion

Global imports of vinyl acetate polymers in primary forms other than in aqueous dispersion fell slightly to 597K tons in 2022, declining by -4.3% against the previous year's figure. The total import volume increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 18%. As a result, imports reached the peak of 623K tons, and then fell slightly in the following year.

In value terms, imports of vinyl acetate polymers in primary forms other than in aqueous dispersion rose significantly to $1.7B in 2022. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 39%. Global imports peaked in 2022 and are expected to retain growth in the near future.

Imports By Country

In 2022, India (62K tons), Italy (53K tons), the United States (35K tons), France (30K tons), Spain (29K tons), Poland (26K tons), Brazil (25K tons), Germany (23K tons), Turkey (19K tons), Romania (16K tons), the UK (14K tons) and Mexico (13K tons) was the major importer of vinyl acetate polymers in primary forms other than in aqueous dispersion in the world, achieving 58% of total import. Israel (13K tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +16.0%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest vinyl acetate polymers in primary forms other than in aqueous dispersion importing markets worldwide were India ($179M), Italy ($159M) and the United States ($102M), together comprising 25% of global imports. France, Spain, Poland, Brazil, Germany, Turkey, the UK, Mexico, Romania and Israel lagged somewhat behind, together comprising a further 36%.

Israel, with a CAGR of +17.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average import price for vinyl acetate polymers in primary forms other than in aqueous dispersion amounted to $2,894 per ton, picking up by 19% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the UK ($3,203 per ton) and Germany ($3,143 per ton), while Romania ($2,519 per ton) and India ($2,861 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+3.1%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Vinyl Acetate Polymers in Primary Forms other than in Aqueous Dispersion

In 2022, approx. 343K tons of vinyl acetate polymers in primary forms other than in aqueous dispersion were exported worldwide; waning by -10.1% compared with the year before. Overall, total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.7% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of 29%. As a result, the exports reached the peak of 381K tons, and then fell in the following year.

In value terms, exports of vinyl acetate polymers in primary forms other than in aqueous dispersion expanded significantly to $958M in 2022. In general, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +94.2% against 2015 indices. The pace of growth was the most pronounced in 2021 when exports increased by 45%. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports By Country

In 2022, South Korea (58K tons), distantly followed by Switzerland (34K tons), Singapore (34K tons), China (28K tons), France (27K tons), Germany (25K tons), the Netherlands (20K tons), Taiwan (Chinese) (17K tons) and Italy (16K tons) represented the major exporters of vinyl acetate polymers in primary forms other than in aqueous dispersion, together committing 76% of total exports. Turkey (15K tons), the United States (11K tons), Saudi Arabia (9.6K tons) and India (7.7K tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by South Korea (with a CAGR of +60.2%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest vinyl acetate polymers in primary forms other than in aqueous dispersion supplying countries worldwide were South Korea ($156M), Switzerland ($112M) and France ($83M), with a combined 37% share of global exports.

Among the main exporting countries, South Korea, with a CAGR of +57.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average export price for vinyl acetate polymers in primary forms other than in aqueous dispersion amounted to $2,795 per ton, rising by 22% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. 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 amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($3,384 per ton), while Saudi Arabia ($1,415 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform