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

Contents:

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

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

The average export price for vinyl acetate polymers; (other than in aqueous dispersion), in primary formses stood at $3,723 per ton in 2022, with an increase of 3.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.3%. The growth pace was the most rapid in 2021 when the average export price increased by 31% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($3,783 per ton), while the average price for exports to China amounted to $2,519 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.8%).

Price for Vinyl Acetate Polymers; (Other than in Aqueous Dispersion), in Primary Forms in Hong Kong SAR (CIF) - 2022

The average import price for vinyl acetate polymers; (other than in aqueous dispersion), in primary formses stood at $1,364 per ton in 2022, waning by -17.9% against the previous year. Over the period under review, the import price showed a noticeable reduction. The pace of growth appeared the most rapid in 2021 when the average import price increased by 68% against the previous year. The import price peaked at $1,910 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Taiwan (Chinese).

From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +5.1% per year.

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

In 2022, approx. 30 tons of vinyl acetate polymers; (other than in aqueous dispersion), in primary formses were exported from Hong Kong SAR; with a decrease of -36.1% compared with the previous year's figure. Overall, exports showed a precipitous curtailment.

In value terms, exports of vinyl acetate polymers; (other than in aqueous dispersion), in primary formses dropped dramatically to $112K in 2022. Over the period under review, exports recorded a sharp reduction. The smallest decline of -25.1% was in 2021.

Export of Vinyl Acetate Polymers; (Other than in Aqueous Dispersion), in Primary Forms in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Taiwan (Chinese)1,089212165108-53.7%
China58.95.03.73.6-60.6%
Others2.38.5N/AN/A269.6%
Total1,150225169112-54.0%

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

  1. Taiwan (Chinese) (28.7 tons)
  2. China (1.4 tons)

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

In 2022, the amount of vinyl acetate polymers; (other than in aqueous dispersion), in primary formses imported into Hong Kong SAR amounted to 72 tons, with an increase of 6% on the previous year's figure. The total import 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 in certain years. The growth pace was the most rapid in 2020 with an increase of 33%. As a result, imports attained the peak of 77 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of vinyl acetate polymers; (other than in aqueous dispersion), in primary formses fell to $98K in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.0% 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 +73.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 49%. As a result, imports reached the peak of $113K, and then declined in the following year.

Import of Vinyl Acetate Polymers; (Other than in Aqueous Dispersion), in Primary Forms in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Taiwan (Chinese)48.566.075.798.226.5%
China8.33.92.6N/A-44.0%
BelgiumN/A5.934.5N/A484.7%
OthersN/AN/AN/AN/A0%
Total56.875.811398.220.0%

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

  1. Taiwan (Chinese) (72.0 tons)

Source: IndexBox Market Intelligence Platform

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