Middle East: 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 the Middle East

In 2023, the Middle Eastern market for vinyl acetate polymers in primary forms other than in aqueous dispersion decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. Over the period under review, consumption showed a slight downturn. As a result, consumption attained the peak level of $X, and then reduced remarkably in the following year.

Production of Vinyl Acetate Polymers in Primary Forms other than in Aqueous Dispersion in the Middle East

In value terms, production of vinyl acetate polymers in primary forms other than in aqueous dispersion contracted sharply to $X in 2023 estimated in export price. Overall, production posted a measured increase. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then contracted significantly in the following year.

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

Exports in the Middle East

Exports of vinyl acetate polymers in primary forms other than in aqueous dispersion skyrocketed to X tons in 2023, picking up by X% compared with the previous year. Overall, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2016 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of vinyl acetate polymers in primary forms other than in aqueous dispersion reached $X in 2023. Over the period under review, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports of failed to regain momentum.

Exports by Country

Turkey represented the key exporter of vinyl acetate polymers in primary forms other than in aqueous dispersion in the Middle East, with the volume of exports recording X tons, which was near X% of total exports in 2023. Saudi Arabia (X tons) ranks second in terms of the total exports with a X% share, followed by Kuwait (X%). The United Arab Emirates (X tons) followed a long way behind the leaders.

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, the United Arab Emirates (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Kuwait (X p.p.), the United Arab Emirates (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics.

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

In Turkey, exports of vinyl acetate polymers in primary forms other than in aqueous dispersion increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Kuwait (X% per year).

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per ton, reducing by X% against the previous year. Export price indicated a moderate expansion from 2012 to 2023: its price 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, export price for vinyl acetate polymers in primary forms other than in aqueous dispersion increased by X% against 2016 indices. The growth pace was the most rapid in 2022 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then declined notably in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Turkey ($X per ton) and the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) and Kuwait ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (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 the Middle East

In 2023, supplies from abroad of vinyl acetate polymers in primary forms other than in aqueous dispersion decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2023, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of vinyl acetate polymers in primary forms other than in aqueous dispersion dropped sharply to $X in 2023. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X%. The level of import peaked at $X in 2022, and then shrank remarkably in the following year.

Imports by Country

Turkey represented the key importing country with an import of about X tons, which reached X% of total imports. Israel (X tons) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%), Saudi Arabia (X%) and Jordan (X%). Kuwait (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 key importing countries, was attained by Israel (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest vinyl acetate polymers in primary forms other than in aqueous dispersion importing markets in the Middle East were Turkey ($X), Israel ($X) and the United Arab Emirates ($X), with a combined X% share of total imports.

In terms of the main importing countries, Israel, with a CAGR of X%, recorded 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 the Middle East amounted to $X per ton, with a decrease of X% against the previous year. Import price indicated a modest increase from 2012 to 2023: its price 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, import price for vinyl acetate polymers in primary forms other than in aqueous dispersion increased by X% against 2019 indices. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2022, and then dropped sharply in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Kuwait ($X per ton) and Israel ($X per ton), while Jordan ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform