Menu
Menu
Korea
India
China
Germany
Indonesia
Bangladesh
Saudi Arabia
Mexico
United States
BelgiumBy Q1 2025, Ethylene-Vinyl Acetate (28% VA Content) prices in South Korea showed signs of recovery, rising to $1295/MT FOB Busan, a 2% increase from Q4 2024. This rebound was driven by a pickup in demand from key industries, including solar energy, footwear, and consumer goods, as economic conditions improved early in the year. Moreover, supply chain adjustments and a more structured trade flow helped stabilize global markets, preventing excessive supply buildup. As a result, the EVA market regained momentum, reflecting a moderate upward trend at the beginning of 2025.
Moving into Q4 2024, the Ethylene Vinyl Acetate (28% VA Content) market in South Korea saw another round of price stabilization, with rates settling at $1270/MT FOB Busan, marking a 5.6% dip from Q3. The demand from packaging and industrial applications remained steady, but other sectors, such as automotive and electronics, saw a slowdown, contributing to the downward pricing trend. Additionally, the availability of material in the market remained adequate as suppliers maintained a balanced approach to production. Although freight disruptions and rising shipping costs continued to impact global trade, they were not sufficient to drive prices upward, keeping the market in a stable yet cautious position.
In Q3 2024, the Ethylene Vinyl Acetate (28% VA Content) market in South Korea experienced a price stabilization due to moderate demand and abundant global supply. Prices were recorded at $1345/MT FOB Busan, reflecting a 5.5% dip from Q2. This decline was influenced by easing consumption in the solar panel, footwear, and adhesive industries, as manufacturers adjusted their procurement strategies amid shifting economic conditions. Additionally, global supply chains remained under pressure due to port congestion, equipment shortages, and rerouting of shipments, particularly in major Asian and Middle Eastern ports. Despite these logistical challenges, a steady production flow and sufficient stock availability prevented sharp price fluctuations.
In the second quarter of 2024, Ethylene Vinyl Acetate prices averaged around 1424 USD/MT FOB Busan, reflecting a 3.58% increase from the previous quarter. Despite this overall rise, regional trends varied. In South Korea, prices saw a further slight decrease, primarily due to sluggish demand from key sectors such as packaging and consumer goods, coupled with elevated inventory levels.
In contrast, Saudi Arabia experienced a steady decline in Ethylene Vinyl Acetate prices as demand continued to weaken, especially from the automotive and packaging industries. Meanwhile, in the USA, prices also moderately declined, with demand remaining sluggish in sectors like packaging and footwear. Economic uncertainty and persistent inflationary pressures continued to weigh on consumer spending and industrial activity.
In the first quarter of 2024, Ethylene Vinyl Acetate (28% VA Content) prices averaged around 1375 USD/MT FOB Busan, reflecting a significant 11.79% decrease compared to the fourth quarter of 2023. The decline was primarily driven by weak demand across major sectors such as packaging, footwear, and construction. In South Korea, Ethylene Vinyl Acetate prices saw a slight decline due to ample supply and only moderate recovery in downstream industries like textiles and packaging. Saudi Arabia experienced mixed conditions; while demand from renewable energy applications such as solar panel production remained relatively firm, overall Ethylene Vinyl Acetate prices were weighed down by production adjustments and subdued activity in the automotive and construction sectors. In the USA, prices continued to fall, affected by reduced demand and inflationary pressures that dampened consumer spending and industrial output.
In Q1 2025, the price of Korean-imported EVA (28% VA content) in the Indian domestic market held nearly flat at $1506/MT Ex-Delhi, reflecting a marginal 0.07% uptick from the previous quarter. The market witnessed cautious trading activity, with buyers in no rush to restock amid stable supply and moderate demand. The post-Lunar New Year export resumption from South Korea brought consistent cargo flow into India, keeping availability balanced. Although expectations for seasonal demand improvement persisted, offtake from key downstream segments like hot-melt adhesives (HMA), foams, and shoe sole manufacturing remained largely steady, offering limited support for a price rebound.
In Q4 2024, prices fell to $1505/MT Ex-Delhi, down 4.17% from Q3, amid broad market softness and weak procurement sentiment. Seasonal slowdowns in downstream industries weighed on EVA consumption, while end-of-year destocking efforts led many processors to limit purchases. Additionally, South Korean suppliers reduced offer prices to clear accumulated inventories, adding further downward pressure. Despite low pricing, demand from HMA, foams, and shoe sole sectors stayed tepid, as most buyers had already secured stocks earlier in the quarter.
In Q3 2024, domestic EVA prices dropped to $1571/MT Ex-Delhi, a 4.55% decline from the previous quarter. The monsoon season dampened industrial activity, affecting production rates across manufacturing hubs. With limited momentum in sectors such as footwear soles and EVA-based foams, consumption remained weak. Even though Korean-origin material continued to arrive on schedule, most buyers adopted a wait-and-watch strategy, hesitant to accumulate excess inventory in a bearish market.
In Q2 2024, prices rose slightly to $1646/MT Ex-Delhi, up 3.96% from Q1. This brief recovery was supported by improved offtake from EVA foam converters and shoe sole producers, especially as summer demand increased. Hot-melt adhesive applications also picked up mildly, driven by activity in packaging and bookbinding. However, a concurrent rise in Korean import volumes offset upward momentum, keeping the overall price movement restrained.
In Q1 2024, EVA prices declined sharply to $1583/MT Ex-Delhi, marking a notable 8.74% drop from Q4 2023. The decline was fuelled by subdued downstream demand, particularly from foam and shoe sole manufacturers who were grappling with high inventories and low order flow after the year-end holidays. Additionally, South Korean producers offered cargoes at discounted prices ahead of the Lunar New Year, ensuring ample supply in India. This supply-side pressure, combined with sluggish end-use activity across HMA and footwear-related segments, led to a bearish market tone throughout the quarter.
PriceWatch is your trusted resource for tracking global ethylene vinyl acetate price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the ethylene vinyl acetate market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.
In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence ethylene vinyl acetate prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely ethylene vinyl acetate market data.
Track PriceWatch's ethylene vinyl acetate price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.
This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable Ethylene-Vinyl Acetate (EVA) pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.
Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
Ethylene Vinyl Acetate (EVA) is a flexible, durable, and versatile copolymer made from ethylene and vinyl acetate. Known for its excellent transparency, resilience, and impact resistance, EVA offers a wide range of applications across various industries. It is commonly used in the production of footwear soles, packaging films, adhesives, and foams, as well as in the encapsulation of photovoltaic cells in solar panels. Its lightweight nature, coupled with its ability to withstand environmental factors such as UV radiation and extreme temperatures, makes EVA a popular choice for products requiring cushioning, flexibility, and toughness.
Packaging Type
Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
Technical specification for Ethylene-Vinyl Acetate (EVA) (18-19% VA)
| Property | Specification (Foam moulding) |
| Vinyl Acetate | 18.2% – 19% |
| Melt Index (190°C / 2.16 kg) | 1.8 – 2.5 g/10 min |
| Density | 0.935 – 0.940 g/cm3 |
| Melting Point | 85-87 °C |
Technical specification for Ethylene-Vinyl Acetate (EVA) (28% VA)
| Property | Specification (Hot Melt Adhesive) |
| Vinyl Acetate | 27-28% |
| Melt temperature | 69-75°C |
| Melt Flow Index | 25 g/10min |
| Density | 0.95 g/cm3 |
Applications
Ethylene Vinyl Acetate (EVA) is widely used across numerous industries due to its flexibility, durability, and impact resistance. It is a key material in footwear manufacturing, especially for shoe soles, because of its excellent cushioning and shock-absorbing properties. EVA is also used in packaging, offering protective films for food and industrial goods due to its toughness and clarity. In the renewable energy sector, it serves as an encapsulant in solar panels, protecting photovoltaic cells from environmental damage. Additionally, EVA is a popular material in adhesives, foams, and sports equipment like yoga mats and protective padding, providing comfort and resilience. Its biocompatibility further makes it suitable for medical applications such as tubing and IV bags.
Supply analysis is crucial for Ethylene Vinyl Acetate (EVA) procurement because it provides insights into
Availability of Raw Materials: Understanding the availability of ethylene and vinyl acetate (key inputs for EVA production) helps ensure continuous supply.
Supplier Reliability: Analysing supplier performance ensures timely deliveries and high-quality products, avoiding production delays in downstream industries like packaging and solar energy.
Market Trends: By monitoring supply trends, procurement heads can anticipate price fluctuations and potential disruptions, allowing for better strategic planning and inventory management.
Winter Months: Demand from downstream industries like packaging and automotive may decrease in colder regions, leading to an abundant supply of EVA.
Summer Months: Higher demand for EVA in solar panel production and outdoor applications can strain supply, driving up prices.
Festive Seasons: Production may slow down in regions with prolonged holiday periods (such as Lunar New Year in Asia), affecting supply timelines.
Key regions for EVA production include:
Asia-Pacific: Countries like China, South Korea, and Japan are major EVA producers, supplying a significant portion of the global market.
North America: The U.S. is a key EVA producer, with large capacities from companies like ExxonMobil and Dow Chemical.
Middle East: Countries like Saudi Arabia are also significant EVA producers due to their abundant access to raw materials like ethylene.
Europe: Some European countries have a smaller but steady EVA production capacity, primarily to serve local markets.
Copyright 2025. All rights reserved. Nidhyana Price Watch Data Analytics Private Limited