Price for Vinyl Acetate Copolymers; in Aqueous Dispersion, in Primary Forms in Malaysia - 2024

Contents:

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

Price for Vinyl Acetate Copolymers; in Aqueous Dispersion, in Primary Forms in Malaysia (FOB) - 2024

In January 2024, the average export price for vinyl acetate copolymers; in aqueous dispersion, in primary formses amounted to $899 per ton, which is down by -4.2% against the previous month. In general, the export price saw a noticeable descent. The growth pace was the most rapid in November 2023 when the average export price increased by 7.9% month-to-month. The export price peaked at $1,198 per ton in January 2023; however, from February 2023 to January 2024, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In January 2024, the highest price was recorded for prices to South Korea ($1,165 per ton) and Singapore ($982 per ton), while the average price for exports to India ($793 per ton) and Indonesia ($837 per ton) were amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+0.5%), while the prices for the other major destinations experienced a decline.

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

In January 2024, the average import price for vinyl acetate copolymers; in aqueous dispersion, in primary formses amounted to $837 per ton, which is down by -18.4% against the previous month. Overall, the import price saw a noticeable reduction. The most prominent rate of growth was recorded in June 2023 an increase of 24% month-to-month. Over the period under review, average import prices reached the maximum at $1,496 per ton in January 2023; however, from February 2023 to January 2024, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was the United States ($1,679 per ton), while the price for Singapore ($753 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Vinyl Acetate Copolymers; in Aqueous Dispersion, in Primary Forms in Malaysia

Exports of vinyl acetate copolymers; in aqueous dispersion, in primary formses from Malaysia reduced to 45K tons in 2022, falling by -8.6% on the previous year. In general, exports continue to indicate a pronounced descent. The growth pace was the most rapid in 2021 with an increase of 39%.

In value terms, exports of vinyl acetate copolymers; in aqueous dispersion, in primary formses surged to $68M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +95.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 67% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Export of Vinyl Acetate Copolymers; in Aqueous Dispersion, in Primary Forms in Malaysia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
India9.26.815.116.922.5%
Vietnam9.58.613.315.918.7%
Indonesia6.83.57.18.68.1%
South Korea4.23.67.56.415.1%
Myanmar3.33.12.65.317.1%
Singapore1.91.32.12.712.4%
Japan0.10.10.42.2180.2%
Thailand1.31.11.51.913.5%
Saudi Arabia0.30.10.61.881.7%
Bangladesh1.91.91.31.3-11.9%
China1.20.81.60.8-12.6%
Others6.74.05.03.9-16.5%
Total46.534.758.167.713.3%

Top Export Markets for Vinyl Acetate Copolymers; in Aqueous Dispersion, in Primary Forms from Malaysia in 2022:

  1. India (11.6K tons)
  2. Vietnam (10.4K tons)
  3. Indonesia (5.6K tons)
  4. South Korea (4.5K tons)
  5. Myanmar (3.2K tons)
  6. Singapore (1.8K tons)
  7. Japan (1.3K tons)
  8. Thailand (1.3K tons)
  9. Saudi Arabia (1.2K tons)
  10. Bangladesh (0.8K tons)
  11. China (0.6K tons)

Imports of Vinyl Acetate Copolymers; in Aqueous Dispersion, in Primary Forms in Malaysia

Imports of vinyl acetate copolymers; in aqueous dispersion, in primary formses into Malaysia fell remarkably to 7.8K tons in 2022, which is down by -17.2% against 2021. Over the period under review, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 19%.

In value terms, imports of vinyl acetate copolymers; in aqueous dispersion, in primary formses skyrocketed to $13M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.9% 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 +91.3% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 62%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.

Import of Vinyl Acetate Copolymers; in Aqueous Dispersion, in Primary Forms in Malaysia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Singapore4.93.25.14.8-0.7%
South Korea3.22.24.64.814.5%
Saudi Arabia0.10.10.31.9166.8%
Taiwan (Chinese)0.30.20.30.626.0%
United States0.10.10.10.681.7%
China0.1N/AN/A0.344.2%
Germany0.70.50.40.1-47.7%
Italy0.30.4N/AN/A33.3%
Others0.10.30.40.226.0%
Total9.76.911.313.311.1%

Top Suppliers of Vinyl Acetate Copolymers; in Aqueous Dispersion, in Primary Forms to Malaysia in 2022:

  1. Singapore (3195.0 tons)
  2. South Korea (3056.2 tons)
  3. Saudi Arabia (481.0 tons)
  4. Taiwan (Chinese) (369.7 tons)
  5. United States (364.0 tons)
  6. China (181.5 tons)
  7. Germany (38.3 tons)

Source: IndexBox Market Intelligence Platform

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