Ethylene Vinyl Acetate Price In USA
- United States: 1545 USD/MT
The price of Ethylene Vinyl Acetate (EVA) in the United States for Q4 2023 reached 1545 USD/MT. Prices fell further in the US market due to low demand from downstream industries and abundant material supply in the domestic market. The ethylene vinyl acetate price chart provides a detailed overview of these market fluctuations.
The latest report by IMARC, titled "Ethylene Vinyl Acetate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," delivers a comprehensive analysis of ethylene vinyl acetate prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Ethylene Vinyl Acetate Prices December 2023:
- United States: 1545 USD/MT
- South Korea: 1455 USD/MT
- Belgium: 1965 USD/MT
- Saudi Arabia: 1365 USD/MT
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The study delves into the factors affecting ethylene vinyl acetate price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Ethylene Vinyl Acetate Price Trend- Q4 2023
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.
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. 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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Key Points Covered in the Ethylene Vinyl Acetate Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Ethylene Vinyl Acetate Price Trend
- Ethylene Vinyl Acetate Prices
- Ethylene Vinyl Acetate Demand & Supply
- Ethylene Vinyl Acetate Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Ethylene Vinyl Acetate Price Analysis
- Ethylene Vinyl Acetate Industry Drivers, Restraints, and Opportunities
- Ethylene Vinyl Acetate News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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