For the Quarter Ending June 2025
North America
• Price Index for Ethylene Vinyl Acetate (EVA) FOB Houston showed limited activity in Q2 2025 that came to an end at the USD 1875/MT mark, which is lower than levels in early April.
• What happened to pricing for Ethylene Vinyl Acetate (EVA) in July 2025? The pricing softened a little due to soft demand in downstream segments (packaging and footwear) and reasonably balanced domestic inventories.
• Demand across the construction and automotive sectors remained flat, limiting upward price pressure.
• There were no major logistics bottlenecks; however, some freight normalization from earlier Q1 spikes supported lower costs to terminals.
• Ethylene Vinyl Acetate (EVA) Spot Price remained rangebound, reflecting subdued market sentiment and high buyer price sensitivity.
• Ethylene Vinyl Acetate (EVA) Demand Outlook for Q3 is cautious, with seasonal dips in footwear manufacturing and lackluster converter demand.
• Ethylene Vinyl Acetate (EVA) Production Cost Trend remained largely stable, with ethylene feedstock prices plateauing in the Gulf Coast.
• Price Forecast: Mild bearish sentiment may continue into Q3, unless seasonal construction activity boosts uptake in polymer-modified materials.
Europe
• Price Index for Ethylene Vinyl Acetate (EVA) DDP Genoa dropped by 1.9% in Q2 2025, settling around USD 2060/MT by late July.
• Why did the price of Ethylene Vinyl Acetate (EVA) change in July 2025?
Prices declined as inventory overhang persisted in Southern Europe and industrial demand in Germany and Italy weakened.
• Regulatory stability under EU REACH did not offer any cost relief, and converters slowed new orders amid excess stock.
• The Ethylene Vinyl Acetate (EVA) Spot Price declined further as traders sought to offload volumes ahead of Q3.
• Ethylene Vinyl Acetate (EVA) Production Cost Trend remained moderately pressured by stable feedstock ethylene and acetic acid prices.
• Demand from wire & cable, as well as footwear production, saw muted recovery signs.
• Ethylene Vinyl Acetate (EVA) Demand Outlook for Q3 is mixed—seasonal demand from packaging may offer temporary relief, but structural weakness remains.
• Price Forecast: Flat to slightly bullish if industrial restocking resumes by late Q3; otherwise, prices may stay under pressure.
APAC
• The Price Index for Ethylene Vinyl Acetate (EVA) FOB Bangkok dipped by 2.1% in Q2 2025, ending July around USD 1785/MT.
• Why did the price of Ethylene Vinyl Acetate (EVA) change in July 2025?
July's decrease stemmed from slower offtake from Indian and Vietnamese buyers, combined with rising local inventories and aggressive price competition.
• China-origin EVA continued to pressure Thai exporters with low-cost offers, eroding margin competitiveness.
• The Ethylene Vinyl Acetate (EVA) Spot Price trended lower as buyers delayed bulk orders awaiting further discounts.
• Ethylene Vinyl Acetate (EVA) Demand Outlook remains weak in Q3 due to continued caution in the footwear and solar encapsulation segments.
• Ethylene Vinyl Acetate (EVA) Production Cost Trend has been flat, with ethylene prices holding stable in SE Asia; however, converters reported thin margins.
• Thai producers maintained high run rates to leverage export volumes despite margin compression.
• Price Forecast: Sentiment for Q3 is bearish, unless export demand from South Asia or Africa rebounds significantly.
MEA
• The Price Index for Ethylene Vinyl Acetate (EVA) FOB Al Jubail remained broadly stable in Q2 2025, hovering around USD 1845/MT, with a slight dip of 0.5% into July.
• Why did the price of Ethylene Vinyl Acetate (EVA) change in July 2025?
July softness was due to limited export opportunities and steady local production, creating mild oversupply.
• Regional producers continued stable operations, but buyers in Egypt and East Africa reduced intake amid currency headwinds.
• Ethylene Vinyl Acetate (EVA) Spot Price reflected tight negotiation windows, with discounts being offered for bulk lifts.
• Ethylene Vinyl Acetate (EVA) Demand Outlook for Q3 remains lukewarm as summer heat and Ramadan-period production slowdowns dampen regional consumption.
• Ethylene Vinyl Acetate (EVA) Production Cost Trend held steady with unchanged ethylene feedstock rates; however, profitability remains under pressure due to export price erosion.
• Export freight to South Asia remained affordable but did not offset weaker demand.
• Price Forecast: Flat to slightly bearish outlook unless demand from East Africa or Pakistan resumes significantly.
For the Quarter Ending March 2025
North America
The quarterly price trend for Ethylene Vinyl Acetate (EVA) in North America for Q1 2025 showed an initial incline followed by stability in the latter part of the quarter. Early in the quarter, prices witnessed a slight increase, driven by reduced supplies and low production levels, despite weak export demand.
The market remained under pressure due to global oversupply and competition from lower-cost Asian and Middle Eastern suppliers. This minor upward price movement was short-lived, as conditions stabilized in the following two months. The market experienced steady conditions as production rates remained consistent, and the logistical challenges that had previously affected trade began to ease.
However, export demand continued to remain weak, with international buyers opting for more competitively priced alternatives. Domestic demand remained relatively stable, driven by the packaging and footwear sectors, while the solar industry faced slower growth due to seasonal factors. Despite challenges such as potential tariff impacts and weak export conditions, the EVA market in North America remained balanced through the last two months of the quarter, with no significant fluctuations in prices.
South America
The quarterly price trend for Ethylene Vinyl Acetate (EVA) in South America for Q1 2025 exhibited a mixed trend, with prices remaining mostly stable but experiencing minor fluctuations due to various market factors. In January, prices were steady, supported by consistent U.S. imports, stable Vinyl Acetate Monomer (VAM) prices, and adequate stock management. Despite some challenges like logistical delays from weather disruptions and the year-end holiday season, supply levels remained balanced, preventing any major supply chain disruptions. As the quarter advanced, the global EVA market faced persistent oversupply issues, which led to weaker demand in South America. Brazilian buyers increasingly favored Asian and Middle Eastern suppliers, who offered more competitive prices, which limited any significant price increases. U.S. manufacturers, operating swing plants capable of producing both EVA and low-density polyethylene (LDPE), adjusted production rates based on market demands. This flexibility contributed to the subdued market activity. Despite the ongoing challenges, there was optimism within the industry, especially as supply chain issues, including port and packaging delays, were expected to ease. The solar sector, which remains a significant driver of EVA demand, continued to offer stability amidst weaker demand in other end-user markets.
APAC
In Q1 2025, the Ethylene Vinyl Acetate (EVA) market in the APAC region, particularly China, witnessed an inclining trend in prices, primarily driven by strong cost support and gradual recovery in demand post-Spring Festival. The quarter began with a modest rise in EVA prices, supported by stable ethylene costs and a slight increase in vinyl acetate prices. As January progressed, production activity increased with EVA plant operating rates reaching around 80%, exerting some supply-side pressure. However, downstream sectors like foam and solar panel manufacturing provided demand stability, aided by pre-holiday stocking. In February, as production resumed post-holiday, the market saw stronger price growth due to heightened output and firmer raw material costs. The photovoltaic sector continued to offer steady demand, while the foam industry contributed additional support.
Moving into March, EVA prices remained firm, bolstered by rising vinyl acetate prices and persistent cost pressure. Although foam sector demand weakened slightly towards the end of the quarter, stable procurement from the solar segment helped uphold market sentiment. Overall, Q1 reflected a firming price environment supported by robust upstream costs and seasonal demand dynamics.
Europe
During Q1 2025, the price trend of Ethylene Vinyl Acetate (EVA) in Europe followed a broadly stable trajectory, showing limited fluctuations throughout the quarter. Despite some initial upward movement driven by brief supply constraints in mid-January, prices quickly returned to a steady pattern as production normalized and demand remained weak. The overall sentiment in the EVA market was subdued, heavily influenced by poor downstream demand, particularly from the solar sector, which continued to struggle with overcapacity, falling panel prices, and weakening customer interest. The market was largely driven by contracted volumes, with minimal activity in the spot market due to cautious buying behavior. Supply levels remained adequate across the region, with producers maintaining consistent output despite subdued consumption. Even occasional production disruptions did not lead to shortages, as inventories were sufficient to meet existing demand. Additionally, the broader European economic recovery, although present in the form of rising manufacturing output, did not translate into stronger EVA demand.
Overall, the EVA market in Europe during Q1 2025 was characterized by stagnant demand, stable supply, and flat pricing.
MEA
In Q1 2025, Ethylene Vinyl Acetate (EVA) prices in the MEA region experienced an overall stable trend, with a slight incline observed in the latter part of the quarter. Throughout January, the market showed balanced dynamics, driven by stable production levels and steady raw material prices. The manufacturing of EVA increased marginally, which resulted in slight pressure on supply, although the market remained relatively calm. Demand during this period was mostly driven by pre-holiday stocking in downstream industries like foam manufacturing, although cost sensitivity among buyers remained a significant factor, limiting the uptake of higher-priced products. As the quarter progressed into February and March, post-holiday production ramped up, leading to increased supply. While upstream ethylene prices remained stable, vinyl acetate saw minor increases, contributing to sustained EVA production costs. Demand from key sectors like solar panel manufacturing and foam production provided steady support, though resistance to higher-priced EVA products continued.
Overall, the quarter ended with stable pricing, supported by steady raw material costs and consistent demand from essential industries.
For the Quarter Ending December 2024
North America
The Q4 2024 price trend for EVA in the North America region was characterized by a period of initial stability followed by a slight decline and subsequent marginal increase. The quarter began with stable prices driven by steady demand from key sectors like packaging, footwear, and solar.
While declining upstream ethylene prices initially provided some cost relief for manufacturers, the market witnessed a slight price drop in October due to weak consumer demand and declining production costs. However, the market stabilized in November with consistent demand and balanced supply.
The quarter concluded with a marginal price increase in December, driven by a combination of factors, including strong global demand, limited availability of US-origin ethylene vinyl acetate, and an upward trend in LDPE prices. Despite the challenges posed by the influx of cheaper solar modules from Asia, the US solar industry continued to experience growth, supported by the Inflation Reduction Act, further bolstering demand for EVA in the long term.
APAC
The Q4 2024 price trend for EVA in the APAC region was characterized by initial weakness followed by a gradual recovery and subsequent stabilization. The quarter began with a period of declining prices due to weak demand from traditional downstream sectors like foam shoe materials and cables. This was further exacerbated by a drop in raw material ethylene prices and a decline in intra-Asia freight charges. However, the market witnessed a slight uptick in prices in November driven by improved market sentiment and cost support from stable ethylene prices and adjustments in vinyl acetate prices. This upward trend was further supported by reduced production and firm offers from manufacturers. However, the quarter ended with stable prices in December as the market reached a state of equilibrium with balanced supply and demand dynamics. While supply pressures eased due to production adjustments and plant shutdowns, the demand remained relatively stable with no significant improvements. The rising costs of raw materials, particularly ethylene and vinyl acetate, provided some support for EVA prices throughout the quarter.
Europe
The Q4 2024 price trend for EVA in the Europe region was characterized by a downward trajectory driven by weak demand and increased supply. The quarter began with stable prices, but soon faced downward pressure due to a combination of factors, including declining demand from the solar industry, increased competition from cheaper Chinese solar modules, and weakening upstream support from ethylene prices. The solar industry, a key consumer of EVA, experienced a significant downturn, with declining sales and job cuts among photovoltaic (PV) companies impacting demand. This, coupled with reduced production rates at European manufacturers due to sluggish demand and high material availability, led to a gradual decline in ethylene vinyl acetate prices throughout the quarter. While supply constraints eased towards the end of the quarter, the market continued to grapple with weak demand and the competitive pressure from cheaper imports, limiting any significant price recovery. The year-end holidays further dampened trading activity, leading to a stable but subdued market close.
MEA
The Q4 2024 price trend for EVA in the MEA region was characterized by initial stability followed by a period of subdued demand and slight price declines. The quarter began with stable prices despite weak demand from traditional downstream sectors and continued supply pressure. This was further impacted by falling ethylene prices and reduced demand from key end-use industries. While planned maintenance shutdowns at some manufacturing sites could have tightened supply, their impact was limited due to weak demand. Prices declined slightly in October due to sluggish consumer demand and production slowdowns. However, the market witnessed a brief period of stability in November with a slight uptick in market activity and increased restocking by downstream buyers. This was driven by cost support from fluctuating raw material prices. The quarter ended with stable prices in December as the market reached a state of equilibrium with balanced supply and demand dynamics. While supply pressures eased due to production adjustments, the demand remained relatively stable with no significant improvements. The rising costs of raw materials, particularly ethylene and vinyl acetate, provided some support for EVA prices throughout the quarter.
South America
The Q4 2024 price trend for EVA in the South America region was characterized by a period of initial stability followed by a slight decline and subsequent marginal increase. The quarter began with stable prices driven by balanced supply and demand. While declining ethylene prices initially provided some cost relief for manufacturers, the market witnessed a slight price drop in October due to reduced import costs and weaker demand from certain sectors. However, the market stabilized in November with consistent demand and balanced supply. The quarter concluded with a marginal price increase in December, driven by a combination of factors, including increased import prices due to global demand pressures and limited supply from key exporters like the US. The South American market faced challenges from the influx of cheaper solar modules from China, which impacted the competitiveness of domestic solar panel manufacturers. Despite these challenges, the packaging industry continued to show robust growth, driven by the recovery of Latin American food exports, providing some support for EVA demand.
For the Quarter Ending September 2024
North America
In Q3 2024, the Ethylene Vinyl Acetate (EVA) market in North America experienced divergent pricing behavior. Minimal fluctuations were observed throughout the first half of the quarter, influenced by stable demand from downstream industries such as packaging, solar, and footwear. Additionally, consistent cost support from upstream raw materials like Ethylene and Vinyl Acetate Monomer contributed to the stable pricing environment. However, concerns over weak consumer demand and competition from Asian manufacturers impacted overall market dynamics.
In the second half of the quarter, EVA prices in Mexico rose significantly due to increased import costs and production expenses faced by exporters. Although overall packaging demand remained weak, the sector experienced improved activity, driving higher inquiries and new orders. The Mexican government’s implementation of import tariffs on packaging products aimed to boost domestic competitiveness, contributing to an increase in demand for EVA. Consequently, North American demand was expected to rise, alleviating cost pressures from cheaper imports.
Despite the overall stable market, Mexico recorded a quarter-on-quarter price change of -2%, reflecting a slight decline. Notably, prices remained constant between the first and second halves of the quarter, indicating a steady pricing trend. The quarter-ending price for Ethylene Vinyl Acetate (EVA) 28% CFR Manzanillo in Mexico settled at USD 1,750/MT, aligning with the mixed pricing sentiment observed throughout the quarter.
APAC
The Q3 showed the fluctuating pricing pattern in the APAC region. In the first half of Q3 2024, prices of Ethylene Vinyl Acetate (EVA) in the Chinese market declined reflecting ongoing weak demand from the EVA terminal industry. EVA production slightly decreased to around 72%, easing supply pressure, but over 70% of domestic petrochemical plants maintained sufficient inventory, indicating limited demand improvement. Traditional downstream sectors, such as foam shoe materials and cables, were entering their off-season, providing minimal support for EVA prices. Additionally, average consumption of photovoltaic materials further hindered demand growth, resulting in sluggish market transactions.
In the second half of Q3 2024, Ethylene Vinyl Acetate (EVA) prices in the Chinese market rebounded due to supply stresses and rising upstream costs. Reduced production levels created supply pressure, while increasing ethylene prices provided crucial support for EVA prices. Although EVA production rates improved, traditional downstream sectors such as foam shoe materials and cables faced continued weak demand due to the off-season. The photovoltaic sector showed slight improvement, but overall demand remained subdued. Consequently, while market transactions for EVA were sluggish, a cautious procurement approach ahead of holidays contributed to the upward price movement.
The quarter saw a continued downward trend from the previous quarter, with a -9% decline in prices. However, there was a slight recovery noted in the second half of the quarter, with a 3% increase in prices.
The quarter-ending price of Ethylene Vinyl Acetate 28% EX Works Nanjing in China stood at USD 1130/MT, reflecting a challenging pricing environment with mixed pricing trend throughout the quarter.
Europe
In Q3 2024, the European Ethylene Vinyl Acetate (EVA) market exhibited a mixed pricing pattern. In the first half, prices declined, primarily due to weak demand from downstream industries such as packaging, footwear, and solar panel manufacturing. The packaging sector struggled with a lack of new orders amid sluggish economic growth and reduced consumer spending, while the solar industry faced challenges from an influx of cheaper imports from China, further worsening demand. Supply conditions remained moderate, with tight availability of upstream ethylene driven by low operating rates and sluggish imports from the U.S. and Asia. The ifo Business Climate Index indicated deteriorating economic sentiment in Germany, as nearly half of the manufacturers reported insufficient orders.
In the second half of Q3, EVA prices rose due to increasing pressures from upstream markets. Rising ethylene prices, fueled by tight supply and higher naphtha feedstock costs, drove up production expenses. Supply constraints worsened with reduced import offers and scheduled cracker maintenance anticipated to limit ethylene availability. Despite ongoing weak demand, particularly in the solar sector, the market sentiment shifted to bullish as manufacturers faced rising costs, highlighting a complex and challenging economic landscape for EVA producers in Europe.
Germany recorded a quarter-on-quarter price change of -3%, reflecting a slight decline. Notably, prices remained constant between the first and second halves of the quarter, indicating a steady pricing trend. The quarter-ending price for Ethylene Vinyl Acetate (EVA) 28% FOB Hamburg in Mexico settled at USD 1,730/MT, aligning with the mixed pricing sentiment observed throughout the quarter.
MEA
In Q3 2024, the Ethylene Vinyl Acetate (EVA) market in the MEA region experienced mixed price fluctuations. In the first half of the quarter, the EVA market faced a slight decline due to persistent weak consumer demand. Although EVA production rates decreased to around 60-65% of total capacity, alleviating supply pressure, high product inventories in both domestic and international markets hindered any improvement. Traditional downstream industries, such as foam shoe materials and cables, were entering the off-season, further dampening demand. Consequently, despite initial surges in orders for foamed shoe materials, sales quickly tapered off, resulting in sluggish market transactions.
In the second half of Q3 2024, the EVA market witnessed a period of increasing prices, driven by several significant factors. The quarter saw a notable rise in raw material costs, particularly for Vinyl Acetate Monomer (VAM), which directly impacted EVA pricing. Additionally, production levels of EVA equipment improved, easing some of the supply pressures in the market. However, the cost dynamics were mixed; while ethylene prices remained stable, vinyl acetate prices experienced fluctuations, providing limited support for EVA costs. On the demand side, the EVA industry faced challenges due to weak performance in end-use sectors, such as foam shoe materials and cables, which were also entering their off-season. This lackluster demand environment contributed to ongoing price pressures in the market.
Furthermore, the quarter-on-quarter change showed a decrease of 9%, highlighting a continued downward trend. The comparison between the first and second halves of the quarter revealed a minimal 1% price difference, showcasing relative stability in pricing dynamics. The quarter-ending price of USD 1,190/MT for Ethylene Vinyl Acetate 28% FOB Al Jubail in Saudi Arabia underscored the prevailing challenging market conditions and the overall volatile pricing environment in Q3 2024.
South America
In Q3 2024, the Ethylene Vinyl Acetate (EVA) pricing landscape in South America remained volatile. A consistent trend was reflected throughout the first half of the quarter. This pricing stability was primarily influenced by steady demand from downstream industries, including packaging and photovoltaic panel manufacturing, alongside moderate overall consumer demand. Despite a slight decline in the footwear sector, inquiries from packaging industries continued to increase, indicating a balanced market environment.
In the second half of the quarter, prices of Ethylene Vinyl Acetate (EVA) rose in the Brazilian domestic market due to escalating cost pressures. Exporters increased their quotations in response to rising manufacturing costs and improved demand from downstream sectors. Despite moderate overall demand, inquiries from the packaging sector surged, driven by the recovery of Latin American food exports. Additionally, stable upstream support from the Vinyl Acetate Monomer and Ethylene markets, along with geopolitical uncertainties affecting crude oil prices, further contributed to the upward price movement.
However, compared to the previous quarter, prices remained unchanged, showcasing resilience in the face of market fluctuations. The quarter-ending price of USD 1,840/MT for Ethylene Vinyl Acetate (EVA) 28% CFR Santos in Brazil signifies the varying pricing environment across the region.
FAQs:
1. What is the current price of Ethylene Vinyl Acetate (EVA)?
Prices in July 2025 varied by region, ranging from USD 1785/MT FOB Bangkok in APAC to USD 2060/MT DDP Genoa in Europe.
2. Who are the top Ethylene Vinyl Acetate (EVA) producers in the United States?
Key U.S. EVA producers include Celanese, Dow, and ExxonMobil. They supply both domestic and export markets.
3. What is the Ethylene Vinyl Acetate (EVA) price forecast for Q3 2025?
The Q3 outlook is largely bearish for flats, driven by weak demand, oversupply in APAC, and limited industrial restocking in Europe.
4. What factors influence Ethylene Vinyl Acetate (EVA) production cost trends?
EVA production costs depend primarily on ethylene and acetic acid prices, along with energy, logistics, and plant run rates.
