MENA: 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 MENA

In 2023, after three years of growth, there was significant decline in the MENA's market for vinyl acetate polymers in primary forms other than in aqueous dispersion, when its value decreased by X% to $X. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then shrank rapidly in the following year.

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

In value terms, production of vinyl acetate polymers in primary forms other than in aqueous dispersion fell markedly to $X in 2023 estimated in export price. The total production indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2016 indices. The growth pace was the most rapid in 2022 with an increase of X%. As a result, production reached the peak level of $X, and then reduced rapidly in the following year.

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

Exports in MENA

In 2023, the amount of vinyl acetate polymers in primary forms other than in aqueous dispersion exported in MENA soared to X tons, picking up by X% compared with 2022 figures. Total exports indicated a mild expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2018 indices. The growth pace was the most rapid in 2016 when exports increased by X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, exports of vinyl acetate polymers in primary forms other than in aqueous dispersion shrank to $X in 2023. Total exports indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports of remained at a lower figure.

Exports by Country

Turkey was the major exporting country with an export of around X tons, which accounted for X% of total exports. Tunisia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Saudi Arabia (X%) and Kuwait (X%).

Turkey was also the fastest-growing in terms of the vinyl acetate polymers in primary forms other than in aqueous dispersion exports, with a CAGR of X% from 2012 to 2023. At the same time, Kuwait (X%) displayed positive paces of growth. By contrast, Tunisia (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while Tunisia and Saudi Arabia saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest vinyl acetate polymers in primary forms other than in aqueous dispersion supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports. It was followed by Tunisia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Turkey amounted to X%. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Tunisia (X% per year).

Export Prices by Country

In 2023, the export price in MENA amounted to $X per ton, falling by X% against the previous year. Export price indicated a measured expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, export price for vinyl acetate polymers in primary forms other than in aqueous dispersion increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2022 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined markedly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tunisia (X%), while the other leaders experienced more modest paces of growth.

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

Imports in MENA

Imports of vinyl acetate polymers in primary forms other than in aqueous dispersion reduced to X tons in 2023, falling by X% against the year before. Overall, imports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports of reached the maximum at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of vinyl acetate polymers in primary forms other than in aqueous dispersion reduced remarkably to $X in 2023. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2022, and then declined dramatically in the following year.

Imports by Country

In 2023, Turkey (X tons) represented the key importer of vinyl acetate polymers in primary forms other than in aqueous dispersion, making up X% of total imports. It was distantly followed by Israel (X tons), the United Arab Emirates (X tons), Saudi Arabia (X tons), Libya (X tons) and Jordan (X tons), together mixing up a X% share of total imports. Egypt (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Israel (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Israel ($X) and the United Arab Emirates ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

Among the main importing countries, Israel, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, waning by X% against the previous year. Import price indicated a mild increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, import price for vinyl acetate polymers in primary forms other than in aqueous dispersion increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then dropped significantly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per ton), while Libya ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Libya (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform