Ethylene Vinyl Acetate (EVA) Prices

Ethylene Vinyl Acetate Prices June 2024

The ethylene vinyl acetate prices in the United States for Q2 2024 reached 1635 USD/MT in June. The region experienced notable price fluctuations, primarily driven by weak consumption in the solar and packaging sectors. Moreover, the dependence on imports intensified as domestic production of solar struggled to meet local demands. The quarter concluded with a slight overall decline in rates, reflecting ongoing market pressures.

The price trend for ethylene vinyl acetate in South Korea for Q2 2024 settled at 1340 USD/MT in June. The market faced significant price declines in this quarter, largely due to weak demand from end use sectors. This downturn was heightened by increased inventory levels and insufficient backup from major raw materials. The product prices remained negative, characterized by cautious purchasing activity and excess supply.

In Germany, the ethylene vinyl acetate prices for Q2 2024 reached 1836 USD/MT in June. The market faced persistent price declines in this quarter, driven by sluggish demand from solar encapsulation and other sectors. Moreover, economic challenges, including inflation and reduced consumer interest in residential solar installations, overshadowed seasonal factors, contributed to a continuous downward trend in prices throughout the quarter.

The price trend for ethylene vinyl acetate in Saudi Arabia for Q2 2024 settled at 1155 USD/MT in June. The market faced a notable downturn, influenced by weak demand from traditional sectors. The persistent oversupply and declining purchasing activity led to major price erosion, reflecting an overall negative pricing dynamic in the market during this period.

In Brazil, the ethylene vinyl acetate prices for Q2 2024 reached 1837 USD/MT in June. The market faced fluctuating prices in this quarter, initially rising due to high import costs and strong packaging demand. However, prices fell in May as consumer demand weakened, particularly in footwear. Despite a slight stabilization towards the end of the quarter, overall sentiment remained negative amid ongoing challenges from cheaper imports.

Ethylene Vinyl Acetate Prices December 2023

The ethylene vinyl acetate prices in the United States for Q4 2023 reached 1545 USD/MT in December. The market witnessed a downturn because of diminished demand from end use sectors such as adhesives and packaging. The ample availability of materials across the domestic market and a drop in upstream cost assistance contributed to the decrease in prices. Despite this, the market stayed stable, with only modest changes in consumer inquiries and no major price shifts compared to the previous year.

The price trend for ethylene vinyl acetate in South Korea for Q4 2023, reached 1455 USD/MT in December. Demand from downstream sectors was weak, resulting in a slight decrease in prices by early December. The market exhibited a decline compared to the preceding quarters, with no significant plant shutdowns or supply issues affecting the overall stability.

The price trend for ethylene vinyl acetate in Belgium for Q4 2023, reached 1965 USD/MT in December and experienced notable price decline. Weak domestic demand and low consumption from end use sectors contributed to a declining market. Reduced inquiries and diminished demand from neighboring regions further pressured prices, resulting in a significant downturn.

The price trend for ethylene vinyl acetate in Saudi Arabia for Q4 2023, reached 1365 USD/MT in December. Weak demand from the photovoltaic sector led to falling prices, despite stable production and material availability. Market activity was average and supply chain operated smoothly, though overall demand remained subdued.

Regional Coverage

The report provides a detailed analysis of the ethylene vinyl acetate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the ethylene vinyl acetate price trend.

Global Ethylene Vinyl Acetate Price

The report offers a holistic view of the global ethylene vinyl acetate pricing trends in the form of ethylene vinyl acetate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into ethylene vinyl acetate historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into ethylene vinyl acetate price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed ethylene vinyl acetate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Ethylene Vinyl Acetate Price

Q2 2024:

The ethylene vinyl acetate (EVA) prices in the second quarter of 2024 witnessed a sharp decline across Europe, majorly due to weak product consumption by consumers and increased levels of competition from imports coming through China. Moreover, factors like steady expenses of energy and rising rates of inflation, which decreased interest in residential installations of solar energy, also contributed to the dip in prices. The arrival of inexpensive Chinese solar modules also pressured prices, undermining local manufacturing costs and flooding the industry with cost-effective options. Apart from this, stable upstream prices of raw material ethylene provided no relief to EVA pricing, leading to the downward trend.

Q4 2023:

In the fourth quarter of 2023, the ethylene vinyl acetate market across the European region encountered significant price trend fluctuations. Sluggish demand from key sectors, including coatings and adhesives, led to reduced spending and a downward pressure on prices. This decline was exacerbated by slow economic conditions, depicted in the low performance of manufacturing indices across the region. In addition, the chemicals market in Europe struggled with increasing energy costs and diminished demand, contributing to an overall downturn. The market faced a period of adjustment, with limited buying activity and declining prices.

This analysis can be extended to include detailed ethylene vinyl acetate price information for a comprehensive list of countries.

North America Ethylene Vinyl Acetate Price

Q2 2024:

In the second quarter of 2024, the prices for ethylene vinyl acetate in the North American region saw a significant drop, influenced by multiple factors. A major contributor to this downturn was the lackluster consumer consumption, coupled with fierce rivalry in imports from China, majorly impacting the footwear and solar encapsulation industries. Moreover, the excess of lower-cost EVA products from China resulted in prices falling, sometimes even beneath production expenses, compounding the challenges for local manufacturers. Additionally, the abundant availability of upstream ethylene offered minimal support for costs, further entrenching the downward trend.

Q4 2023:

During the fourth quarter of 2023, the market for ethylene vinyl acetate in North America faced a challenging environment. The market's bearish trend was driven by feeble demand from key downstream sectors, including moldings, adhesives, and packaging. This reduced demand led to a focus on destocking, as industry players sought to clear excess inventory. Additionally, ample domestic supply further pressured prices downward. Although manufacturing costs decreased because of less cost assistance from the upstream vinyl acetate monomer, the market stayed unchanged overall. The market conditions reflected a balance between excess supply and constant overall demand.

Specific ethylene vinyl acetate historical data within the United States and Canada can also be provided.

Middle East and Africa Ethylene Vinyl Acetate Price

Q2 2024:

In the Middle East and Africa (MEA) region, the ethylene vinyl acetate (EVA) prices experienced a notable downturn in the second quarter of 2024, majorly due to the subdued product consumption among consumers and an oversupply in the market. In addition to this, demand weakness in end use sectors, such as packaging, footwear, and solar panels, hindered buying activity, resulting in excess inventory. This hesitance to buy at elevated prices was compounded by a lack of support from the raw material markets, which saw no stabilization in EVA costs.

Q4 2023:

During the final months of 2023, the market in the Middle East and Africa faced a decline, primarily driven by reduced demand in crucial sectors. Despite production facilities performing at consistent levels with stable raw material supplies, the dip in the prices of crude oil resulted in decreased manufacturing costs, consequently lowering EVA prices. Notably, in Saudi Arabia, a decrease in demand from the solar sector further influenced the market's downturn. The supply chain functioned without disruption, maintaining typical transaction volumes. However, the region saw a general downtrend in prices and a muted trading atmosphere as the quarter progressed.

In addition to region-wise data, information on ethylene vinyl acetate prices for countries can also be provided.

Asia Pacific Ethylene Vinyl Acetate Price

Q2 2024:

During the second quarter of 2024, the EVA market in the Asia-Pacific region faced a significant decline in prices due to a variety of market conditions. Weak consumption in end use sectors, particularly in packaging, footwear, and solar panels, played a crucial role in the downward pricing pressure. Although production levels at ethylene vinyl acetate terminals remained stable, high inventory levels and cautious buying behavior hampered market activity. This surplus of supply led manufacturers to dynamically adjust their production capacities, exacerbating the price decline.

Q4 2023:

During the fourth quarter of 2023, the market for ethylene vinyl acetate across the Asia Pacific displayed stable conditions. Demand from end use sectors such as adhesives and coatings remained sluggish, leading to subdued market activity. Domestic supply levels were adequate, allowing manufacturing facilities to operate at moderate to high capacity. The overall market sentiment was tempered by the lack of significant demand growth and stable material availability. The quarter did not see any major disruptions or supply issues, and price fluctuations remained within a narrow range. The market conditions reflected a period of equilibrium, with limited changes in both supply and demand dynamics across the region.

This ethylene vinyl acetate price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Ethylene Vinyl Acetate Price

The analysis of ethylene vinyl acetate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Ethylene Vinyl Acetate Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Ethylene Vinyl Acetate Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of ethylene vinyl acetate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of ethylene vinyl acetate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of ethylene vinyl acetate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing ethylene vinyl acetate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Ethylene Vinyl Acetate Market Analysis

The global ethylene vinyl acetate market size reached US$ 11.2 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 19.7 Billion, at a projected CAGR of 6.50% during 2023-2032.

The global ethylene vinyl acetate market is primarily driven by its various properties and wide array of applications across various industries. Ethylene vinyl acetate (EVA) is the copolymer of ethylene and vinyl acetate which offers exceptional flexibility, impact resistance, durability and weatherability which makes EVA a preferred material in various industries such as packaging, footwear, automotive, construction and electronics. In packaging industry, ethylene vinyl acetate is extensively used in the production of flexible films, laminates and hot melt adhesives due to its excellent sealing properties, thermal stability and low temperature flexibility stimulating its market growth. The growing footwear market is one of a significant drivers of ethylene vinyl acetate market with EVA foam being widely used in midsoles and outsoles of shoes because of its lightweight nature, cushioning properties and shock absorption capabilities caters to the growing demand for comfortable and performance-oriented footwear thereby propelling the ethylene vinyl acetate market further across the world.

In addition to this, the construction industry’s rapid growth worldwide is stimulating the demand for ethylene vinyl acetate-based products in applications such as solar encapsulation films, thermal insulation foams and sealants. Ethylene vinyl acetate’s ability to endure harsh environmental conditions, Ultraviolet (UV) radiation and temperature fluctuation makes it a preferred choice for solar panel encapsulation which ensures long term durability and performance. Furthermore, the automotive sector’s increasing adoption of lightweight materials to enhance fuel efficiency and reduce emissions is driving the market growth of ethylene vinyl acetate based automotive components such as noise reducing foams, gaskets, and interior trim. The ethylene vinyl acetate market is witnessing a steady growth fueled by its exceptional properties and diverse applications across various industries with further expansion expected as technological advancements and sustainability initiatives continues to drive innovations in ethylene vinyl acetate-based products. These factors are collectively creating a positive outlook for the market further across the world.

Ethylene Vinyl Acetate News

The report covers the latest developments, updates, and trends impacting the global ethylene vinyl acetate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in ethylene vinyl acetate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the ethylene vinyl acetate price trend.

Latest developments in the ethylene vinyl acetate industry:

• In 2022, Clariant announced its new investments to enhance the Chinese ethoxylation plant. Clariant will also expand existing production capacity for its Ethylene Oxide Derivatives (EODs) and a broader chemical portfolio at Daya Bay. As a result, it will step up its production of more sustainable ingredients that can help customers advance their environmental targets and create differentiated, more sustainable solutions to meet sector demands.
• In 2024, Germany-based bioplastics specialist FKuR signed a distribution agreement with Braskem for its I’m Green bio-based ethylene vinyl acetate (EVA). The company will be the official distributor in the EU, Switzerland, Norway, the UK, Turkey, Israel, and India. The agreement expands on FKuR and Braskem’s long-standing partnership, which started in 2011. FkuR adds EVA to the list of I’m Green bio-based polymers it already distributes worldwide, including PE, LDPE, LLDPE, and HDPE.

Product Description

Ethylene vinyl acetate is a copolymer which is comprised of ethylene and vinyl acetate monomers. Ethylene vinyl acetate is a thermoplastic material which is known for its excellent flexibility, toughness, and elasticity. It exhibits a wide range of properties which depends on the vinyl acetate content in it. With increased vinyl acetate level, the flexibility of material is also increased along with lower melting points. It is a versatile polymer which is extensively used in different industries due to its exceptional characteristics which includes low temperature resistance, UV stability and good adhesion to substrates. Common applications of ethylene vinyl acetate include packaging films, foam sheets, footwear components such as midsoles and outsoles, adhesives, sealants and photovoltaic encapsulation films. Its ability to be easily processed via methods such as extrusion, injection molding, and compression molding further enhances its appeal for manufacturers looking for materials with superior performance and processing capabilities.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of ethylene vinyl acetate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting ethylene vinyl acetate price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The ethylene vinyl acetate price charts ensure our clients remain at the forefront of the industry.