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

After three years of growth, the Middle Eastern market for vinyl acetate polymers in primary forms other than in aqueous dispersion decreased by X% to $X in 2023. In general, consumption showed a slight contraction. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

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 totaled $X in 2023 estimated in export price. The total production indicated a moderate expansion 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 decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

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 soared to X tons in 2023, surging by X% on 2022 figures. Over the period under review, exports continue to indicate a strong increase. The most prominent rate of growth was recorded 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 reached $X in 2023. Overall, exports showed resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

In 2023, Turkey (X tons) represented the major exporter of vinyl acetate polymers in primary forms other than in aqueous dispersion, generating X% of total exports. It was distantly followed by Saudi Arabia (X tons) and Kuwait (X tons), together making up a X% share of total exports. The following exporters - Iran (X tons) and the United Arab Emirates (X tons) - together made up X% of total exports.

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, Iran (X%) and 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. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Turkey stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Kuwait (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2023, waning by X% against the previous year. Export price indicated a tangible 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 pace of growth was the most pronounced 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 remarkably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Iran ($X per ton) was 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, purchases 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 continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of vinyl acetate polymers in primary forms other than in aqueous dispersion fell rapidly to $X in 2023. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then fell markedly in the following year.

Imports by Country

Turkey was the key importing country with an import of about X tons, which recorded X% of total imports. Israel (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, 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 biggest increases were recorded for Israel (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

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

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

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2023, waning by X% against the previous year. Import price indicated a slight 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, import price for vinyl acetate polymers in primary forms other than in aqueous dispersion increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2022, and then plummeted 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