Ethylene Vinyl Acetate Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Ethylene Vinyl Acetate (EVA) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Ethylene Vinyl Acetate (EVA) Price Trend for the First Half of 2023


The Asian Ethylene Vinyl Acetate (EVA) market observed a fluctuating, low-swinging trend in H1 2023. The South Korea-based producer Lotte changed its offer prices of 18% grade EVA from 2000 USD/MT (CIF NS, Mumbai) in February to 1400 USD/MT (CIF NS, Mumbai) in June’23. The overburdened markets lacked any catalyst to stimulate purchasing enthusiasm.

Many exporters slashed their rates owing to poor demands exerting pressures on the profit margins of importers and stockists. A call for sustainable and biodegradable packaging solutions was also one major reason for decreased demand. And unlike other regions, Asia continued to have access to discounted oil supplies from Russia, despite the fear of sanctions and resistance from the West. India and China continued to import cheaper Russian oil, keeping the upstream costs at bay.


The European EVA market showed mixed price trends in H1 2023. The prices took an expected plunge in the first quarter as the freight charges were reduced and supply chains normalized. High inflation caused by the ongoing Russia-Ukraine war increased prices to unsustainable highs, especially for petrochemical products. As the demand diminished, the European EVA market strived for normalcy resulting in this declining trend. However, towards the end of Q1, the prices increased momentarily, only to fall again in the second quarter as the market’s bearish sentiments did not support the rising sentiments.

North America

The American market replicated the global declining sentiment for Ethylene Vinyl Acetate (EVA) prices in H1 2023. The stabilized natural gas and energy prices, along with dampened market demands, were the major reasons behind the downfall. Just like the European market, the American market utilized the first half of the year 2023 to come out of the after-effects of the energy crisis unveiled in 2022.

Analyst Insight

According to Procurement Resource, the price trends for Ethylene Vinyl Acetate are expected to remain unsettled in the coming months. The market offtakes will guide the peaks and fluctuations, given all other factors remain subsided.

Ethylene Vinyl Acetate (EVA) Price Trend for Second Half of 2022


The price trends for ethylene vinyl acetate were kept on the lower side of the scale during the second half of 2022. The government-mandated shutdowns, coupled with the power rationing norms, disrupted the operational rates of industries. However, no simultaneous rise in prices was seen owing to demand destruction. The market was flooded with products with no active offtakes from the downstream adhesives, paints, and automotive sectors. The depreciation of the currency, rising inflation, and lacklustre trading atmosphere were some of the reasons behind the downfall of EVA prices.


The European market completely mimicked the downward trend observed in the Asian market. The high production costs and over-saturated market amid feeble demand caused the manufacturers to lower their quotations in hopes of some positive product movement. Further, as the trade and supply chains normalized, the cheap imports from the Asian market aided the lowered trajectory of EVA prices.

North America

With central banks hiking the interest rates in fear of a global recession, the purchasing power of the consumers contracted. Many plants shut down operations to restore the supply-demand dynamics and stabilize the domestic EVA prices. However, all the efforts were in vain as the downstream sector remained stagnant, and no active hoarding sentiment amongst the buyers was seen.

Analyst Insight

According to Procurement Resource, the price trends for EVA are expected to decline in the coming quarter. As the world battles a global economic downturn, trading activities are kept to a bare minimum, given the already saturated markets and feeble demands.

Ethylene Vinyl Acetate (EVA) Price Trend For the First Half of 2022


Ethylene Vinyl Acetate (EVA) prices varied throughout the Asian market. During the first quarter, while the prices stood firm in the Chinese and Indian markets, they soared in Thai and Korean markets owing to intense domestic demands. The price of EVA averaged 2310 USD/MT FOB Bangkok in Thailand during the first quarter.

While in the Chinese market, EVA prices remained firm owing to the tight market supplies and rising petrochemical prices, providing the much-needed supply side support. However, the sluggish demand from the downstream sector because of the Chinese Lunar New Year celebrations coupled with the rising cases of covid-19 caused the prices to remain afloat despite the surging upstream cost support.

During the second quarter, crude oil prices surged due to the continuing geopolitical conflict which affected the petrochemical industry across Asia. The feedstock ethylene and acetic acid prices fell owing to the cautious trading activity in the Chinese market.

EVA prices rose slightly and then plateaued due to the buoyant demand from the photovoltaic cell industry despite the economic downturn. Feedstock ethylene prices averaged 1166-1176 USD/MT CFR Northeast Asia and 1216-1226 USD/MT CFR Southeast Asia in the said quarter, while acetic acid averaged 718 USD/MT.


The European EVA market is experiencing volatility due to the constricted supplies and surging prices owing to the global economic backlash unleashed by the Russian aggression in Ukraine. During the first quarter, EVA price trends tipped towards the higher side because of the soaring crude oil/natural gas prices, thereby affecting the prices of petrochemicals. Along with the high feedstock prices and sturdy demand for EVA foam from the downstream sectors, the prices averaged 5320 USD/MT FD Hamburg.

With the European embargo against Russia, Ethylene Vinyl Acetate prices reached a new maximum during the second quarter. The western retaliatory sanctions triggered an acute energy crisis in Europe, giving rise to unparalleled inflation. Prices exploded because of the heightened freight charges, tight supplies, and equally sturdy downstream demand. The price of feedstock acetic acid averaged 1851-1975 USD/MT, and that of ethylene averaged 1759-1768 USD/MT FD Northwest Europe during the second quarter.

North America

EVA prices remained inflated in the US domestic market throughout the first quarter. The solid demand from the textile and packaging sectors, coupled with the limited supply and inventories, provided the perfect momentum for prices to explode exponentially in the domestic market. The price of EVA averaged 2793 USD/MT FOB Texas during the said quarter.

The prices inclined steadily in the second quarter owing to the soaring crude oil and natural gas costs amid the European embargo on Russia. Many manufacturers enforced force majeure, which further caused the prices to rise domestically and internationally. The price of feedstock ethylene averaged FD 25.25 US Cents/lb in the said quarter.

Analyst Insight

According to Procurement Resource, are prices of EVA are expected to decrease in the coming months. The reduced offtakes, given the inflationary pricing, led to baulking of buyers in their respective markets. Also, the looming speculations of global recession amid the interest rate hikes by central banks worldwide negatively impacted the market dynamics.

Procurement Resource provides latest prices of Ethylene Vinyl Acetate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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Ethylene Vinyl Acetate (EVA) is a thermoplastic polymer formed by copolymerization of ethylene and vinyl acetate. Owing to its highly versatile properties like elasticity, low-temperature toughness, and crack resistance, EVA finds its use in several industries like adhesives, packaging, lamination, sealants etc. Its elasticity or 'rubber-like' softness and flexibility are directly proportional to the concentration of vinyl acetate.

Hence, different grades of EVA can be made by harnessing this property. EVA foam is highly durable and has high resistance to many corrosive chemicals. EVA foam, by virtue of its properties, is used as a shock absorber in many sports and medical equipment.

Product Details

Report Features Details
Product Name Ethylene Vinyl Acetate
HS CODE 390130
CAS Number 24937-78-8  
Industrial Uses Sealant in meat and dairy packaging, Lamination, Padding in equipment, Shock absorbers, Tires and wires,  Adhesives,Photovoltaic cells, Footwear
Chemical Formula (C2H4)n(C4H6O2)m
Synonyms EVA, Polyethylene Vinyl Acetate, PEVA
Supplier Database Lyondell Basel Industries, DuPont de Nemours Inc, Celanese Corporation, INEOS Group Ltd
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

  • Ethylene Vinyl Acetate Production from Vinyl Acetate and Ethylene

Ethylene Vinyl Acetate is commonly produced by radical chain polymerization of ethylene and vinyl acetate at high temperatures (above 100°C) and pressure (15,000-30,000 psi). Large industrial scale production of EVA is carried out in bulk where vinyl acetate act as both a reactant and a solvent. The process involves a continuous flow reactor where the feedstocks are provided at multiple locations to keep the desired steady state of the reaction. This process requires a complex and expensive manufacturing setup; hence, it is used in bulk manufacturing.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).

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