Ethylene Vinyl Acetate Pricing Report, Trend, News, Demand, Historical Prices Analysis and Forecast 2024

Written by elijah001  »  Updated on: April 24th, 2024

Ethylene Vinyl Acetate Pricing Report, Trend, News, Demand, Historical Prices Analysis and Forecast 2024

Ethylene Vinyl Acetate (EVA) is a copolymer comprised of ethylene and vinyl acetate, known for its exceptional flexibility, clarity, and toughness. This material is distinctive due to its rubber-like softness and flexibility, which are maintained across a wide range of temperatures. The Ethylene Vinyl Acetate (EVA) market, as observed in the fourth quarter of 2023, was predominantly driven by market dynamics that included supply-demand fluctuations, regional economic conditions, and upstream cost variations. In North America, a notable decrease in demand from key downstream industries such as packaging, adhesives, and moldings led to a bearish market sentiment, causing prices to drop. This trend was further accentuated by an abundance of material supply and a reduction in cost support from upstream Vinyl Acetate Monomer (VAM), resulting in lower production costs.

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. In December 2023, the Ethylene Vinyl Acetate (EVA) prices were subject to a variety of influences across different regions, reflecting the complexities of the global market. In North America, prices experienced a downward trend, primarily due to weakened demand from downstream industries and an oversupply in the domestic market. The decline in upstream Vinyl Acetate Monomer costs contributed to lower production expenses, yet the market remained stable despite slow consumer inquiries. This scenario underscores the impact of supply-demand dynamics and upstream cost structures on pricing trend. The slight decrease in prices, by 2.7% from the previous quarter, alongside a stable year-on-year price level, highlights the market's response to these influencing factors.

In the Asia Pacific, particularly in South Korea, the market demonstrated a bearish stance with a 1.3% price reduction in early December, driven by subdued demand and stable supply levels. The negative price correlation with previous quarters (-11%) and a marginal quarter-on-quarter decline (-1%) reflect cautious market sentiment. The significant year-on-year price drop of 42% indicates the substantial impact of long-term demand fluctuations on pricing. Europe, with its specific challenges such as low demand from downstream industries and rising energy costs, saw further price reductions, with Belgium experiencing a 15% decrease from the previous quarter. This was compounded by the sluggish European chemical market, influenced by broader economic factors including the Eurozone's manufacturing performance.

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