Southern Asia: 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 Southern Asia

In 2023, after two years of growth, there was significant decline in the South Asian market for vinyl acetate polymers in primary forms other than in aqueous dispersion, when its value decreased by X% to $X. Overall, consumption continues to indicate prominent growth. Over the period under review, the market attained the peak level at $X in 2022, and then contracted in the following year.

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

In value terms, production of vinyl acetate polymers in primary forms other than in aqueous dispersion amounted to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume decreased by X%. The level of production peaked in 2023 and is expected to retain growth in the near future.

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

Exports in Southern Asia

In 2023, overseas shipments of vinyl acetate polymers in primary forms other than in aqueous dispersion increased by X% to X tons, rising for the third year in a row after seven years of decline. Overall, exports, however, continue to indicate a slight downturn. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, exports of vinyl acetate polymers in primary forms other than in aqueous dispersion fell to $X in 2023. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked at $X in 2022, and then contracted in the following year.

Exports by Country

The shipments of the one major exporters of vinyl acetate polymers in primary forms other than in aqueous dispersion, namely India, represented more than two-thirds of total export.

India 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. India (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest vinyl acetate polymers in primary forms other than in aqueous dispersion supplier in Southern Asia.

From 2012 to 2023, the average annual rate of growth in terms of value in India was relatively modest.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, shrinking by X% against the previous year. Export price indicated a pronounced 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, export price for vinyl acetate polymers in primary forms other than in aqueous dispersion increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped remarkably in the following year.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

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

Imports in Southern Asia

Imports of vinyl acetate polymers in primary forms other than in aqueous dispersion skyrocketed to X tons in 2023, growing by X% on 2022 figures. Overall, imports recorded buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports of hit record highs in 2023 and are expected to retain growth in the near future.

In value terms, imports of vinyl acetate polymers in primary forms other than in aqueous dispersion dropped significantly to $X in 2023. Over the period under review, imports recorded a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then declined significantly in the following year.

Imports by Country

India dominates dispersion structure, reaching X tons, which was approx. X% of total imports in 2023. Pakistan (X tons) held a relatively small share of total imports.

India was also the fastest-growing in terms of the vinyl acetate polymers in primary forms other than in aqueous dispersion imports, with a CAGR of X% from 2012 to 2023. At the same time, Pakistan (X%) displayed positive paces of growth. India (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported vinyl acetate polymers in primary forms other than in aqueous dispersion in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Pakistan ($X), with a X% share of total imports.

In India, imports of vinyl acetate polymers in primary forms other than in aqueous dispersion expanded at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per ton, falling by X% against the previous year. In general, the import price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then shrank dramatically in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was India ($X per ton), while Pakistan stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%).

Source: IndexBox Platform