Price for Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms in Thailand - 2024

Contents:

1. Price for Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms in Thailand (CIF) - 2024
2. Price for Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms in Thailand (FOB) - 2022
3. Imports of Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms in Thailand
4. Exports of Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms in Thailand

Price for Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms in Thailand (CIF) - 2024

The average import price for vinyl acetate copolymers; (other than in aqueous dispersion), in primary formses stood at $2,075 per ton in November 2023, picking up by 1.6% against the previous month. Over the period under review, the import price, however, continues to indicate a perceptible decline. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 7.9% month-to-month. Over the period under review, average import prices hit record highs at $2,538 per ton in January 2023; however, from February 2023 to November 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Taiwan (Chinese) ($6,511 per ton), while the price for Vietnam ($1,074 per ton) was amongst the lowest.

From January 2023 to November 2023, the most notable rate of growth in terms of prices was attained by France (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for vinyl acetate copolymers; (other than in aqueous dispersion), in primary formses stood at $2,677 per ton in 2022, jumping by 22% against the previous year. Overall, the export price, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2018 when the average export price increased by 48%. As a result, the export price reached the peak level of $4,206 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($18,381 per ton), while the average price for exports to China ($2,252 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 Vietnam (+21.8%), 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 Thailand

In 2022, after three years of growth, there was significant decline in overseas purchases of vinyl acetate copolymers; (other than in aqueous dispersion), in primary formses, when their volume decreased by -7.5% to 4.5K tons. The total import volume increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 9.9%. As a result, imports attained the peak of 4.8K tons, and then declined in the following year.

In value terms, imports of vinyl acetate copolymers; (other than in aqueous dispersion), in primary formses soared to $13M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

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

1. South Korea (2231.9 tons)
2. China (1237.8 tons)
3. Germany (589.5 tons)
4. Taiwan (Chinese) (225.2 tons)
5. France (88.0 tons)

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

In 2022, shipments abroad of vinyl acetate copolymers; (other than in aqueous dispersion), in primary formses decreased by -21.5% to 689 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 161%. As a result, the exports attained the peak of 933 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of vinyl acetate copolymers; (other than in aqueous dispersion), in primary formses shrank modestly to $1.8M in 2022. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 196%.

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

1. India (569.1 tons)
2. China (59.9 tons)
3. Malaysia (46.7 tons)

Source: IndexBox Market Intelligence Platform