HS Code:
Poly(vinyl acetate), classified under HS Code 3905.12, is a synthetic polymer used primarily in adhesives, paints, coatings, and as a binder in various industrial applications. It is a key component in products like wood glue, paper coatings, and emulsion paints due to its strong bonding properties and versatility. This category includes poly(vinyl acetate) in primary forms, often traded as raw material for further processing in manufacturing industries.
Total Trade Volume
Approximately $2.5 billion USD
Data from 2022
Source
UN Comtrade Database and International Trade Centre (ITC)
$450 million USD
18% of total trade of total trade
Increasing
$400 million USD
16% of total trade of total trade
Stable
$350 million USD
14% of total trade of total trade
Increasing
$250 million USD
10% of total trade of total trade
Stable
$200 million USD
8% of total trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Growing demand in construction and packaging industries
Increased need for adhesives and coatings has driven up trade volumes, especially in Asia-Pacific and North America
2021-2023
Shift towards eco-friendly and water-based formulations
Manufacturers are innovating to meet environmental regulations, influencing trade patterns towards greener products
2020-2022
Rising production costs due to raw material price volatility
Fluctuations in acetic acid and vinyl acetate monomer prices have led to supply chain disruptions and price instability
2022
The European Union updated its REACH regulations, requiring more stringent safety and environmental compliance for chemical imports, including poly(vinyl acetate).
March 2023
Exporters to the EU may face higher compliance costs, potentially reducing trade volumes from non-compliant regions.
A new bilateral agreement reduced tariffs on certain chemical products, including poly(vinyl acetate), to encourage trade between the two nations.
January 2023
This has led to a slight increase in export volumes from China to the US, benefiting Chinese manufacturers.
Several major chemical companies announced breakthroughs in bio-based poly(vinyl acetate) production to meet sustainability goals.
June 2023
This development is expected to create a niche market, potentially shifting trade patterns towards sustainable products.