Saudi Arabia: Market for Vinyl Acetate Polymers in Primary Forms other than in Aqueous Dispersion 2024

Market Size for Vinyl Acetate Polymers in Primary Forms other than in Aqueous Dispersion in Saudi Arabia

After four years of growth, the Saudi market for vinyl acetate polymers in primary forms other than in aqueous dispersion decreased by X% to $X in 2022. In general, consumption continues to indicate a noticeable descent. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

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

In value terms, production of vinyl acetate polymers in primary forms other than in aqueous dispersion contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 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 2018 when the production volume increased by X% against the previous year. Production of peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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

Exports from Saudi Arabia

In 2022, exports of vinyl acetate polymers in primary forms other than in aqueous dispersion from Saudi Arabia shrank modestly to X tons, waning by X% against 2021. Overall, exports recorded a mild decrease. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of vinyl acetate polymers in primary forms other than in aqueous dispersion declined remarkably to $X in 2022. Over the period under review, exports saw a mild curtailment. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports of attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Jordan (X tons) was the main destination for exports of vinyl acetate polymers in primary forms other than in aqueous dispersion from Saudi Arabia, with a X% share of total exports. Moreover, exports of vinyl acetate polymers in primary forms other than in aqueous dispersion to Jordan exceeded the volume sent to the second major destination, Kuwait (X tons), fivefold. The third position in this ranking was taken by Palestine (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Jordan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and Palestine (X% per year).

In value terms, Jordan ($X) emerged as the key foreign market for vinyl acetate polymers in primary forms other than in aqueous dispersion exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by Kuwait ($X), with a X% share of total exports. It was followed by Palestine, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Jordan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and Palestine (X% per year).

Export Prices by Country

The average export price for vinyl acetate polymers in primary forms other than in aqueous dispersion stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($X per ton) and Lebanon ($X per ton), while the average price for exports to Palestine ($X per ton) and Jordan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Syrian Arab Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Saudi Arabia

In 2022, imports of vinyl acetate polymers in primary forms other than in aqueous dispersion into Saudi Arabia declined markedly to X tons, which is down by X% compared with the year before. Over the period under review, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports of attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, imports of vinyl acetate polymers in primary forms other than in aqueous dispersion shrank notably to $X in 2022. In general, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest vinyl acetate polymers in primary forms other than in aqueous dispersion supplier to Saudi Arabia, accounting for a X% share of total imports. Moreover, imports of vinyl acetate polymers in primary forms other than in aqueous dispersion from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%.

In value terms, Germany ($X) constituted the largest supplier of vinyl acetate polymers in primary forms other than in aqueous dispersion to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany totaled X%.

Import Prices by Country

The average import price for vinyl acetate polymers in primary forms other than in aqueous dispersion stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Germany totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform