India
China
Indonesia
Bangladesh
Saudi Arabia
Mexico
United States
Belgium
South Korea
GermanyBy Q1 2025, EVA prices in South Korea showed signs of recovery, rising to $1300/MT, 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.Â
According to PriceWatch, In the second quarter of 2025, prices for Ethylene Vinyl Acetate (EVA) with 28% Vinyl Acetate content on an FOB Busan basis averaged $1328 per metric ton, registering a 2.18% increase compared to the first quarter. The modest price uptick was supported by a slight recovery in export demand from Southeast Asia and India, particularly in the footwear and solar encapsulant segments.
South Korean producers maintained stable operating rates throughout the quarter, with no major maintenance turnarounds reported, ensuring steady product availability in the region. However, strong competition from Chinese-origin cargoes and buyer caution limited the extent of price appreciation.
Traders noted improved inquiries in May and June, driven by restocking activity and firmer spot negotiations, especially for higher VA content formulations. While ethylene feedstock costs remained largely range-bound, firm logistics coordination and regular sailing schedules helped maintain delivery timelines.
With supply and demand relatively balanced, South Korean suppliers held prices steady to slightly firm across Q2, anticipating continued regional activity into the third quarter.Â
In the first quarter of 2024, Ethylene-Vinyl Acetate (EVA) prices exhibited a mixed trend across key regions, with notable variations in countries like South Korea, Saudi Arabia, and the USA. In South Korea, EVA prices experienced a slight decrease of 4.5% from the previous quarter due to a combination of abundant supply and moderate demand, particularly in industries like textiles and packaging, which was not fully recovered.
Meanwhile, Saudi Arabia saw a slight rise in prices driven by growing demand from its expanding construction and automotive sectors supported by robust demand from the renewable energy sector, especially solar panel production, as well as tight supply conditions due to production adjustments. In the USA, EVA prices decreased due to reduced demand from key industries such as packaging, footwear, and construction, as inflation affected consumer spending. Â
During the second quarter of 2024, Ethylene-Vinyl Acetate (EVA) prices averaged $1424 per metric ton, marking a 3.58% increase from the previous quarter. This upward movement contrasted with earlier softness and was largely supported by tightening supply dynamics and a marginal recovery in downstream procurement. In South Korea, despite subdued demand from packaging and footwear sectors, some producers reduced operating rates, which helped curtail oversupply and provided mild upward support to prices.
Meanwhile, in Saudi Arabia, the pace of price declines moderated as market participants adjusted inventory strategies and curtailed aggressive destocking. In the USA, EVA prices stabilized after prior weakness, with modest restocking activity noted in flexible packaging and foam manufacturing.
While consumer spending remained constrained by lingering inflationary pressures, producers were able to raise offers slightly amid reduced inventory levels and firmer feedstock costs. Across these regions, market sentiment showed early signs of recovery, though buyers largely remained cautious, focusing on short-term needs rather than bulk purchases.Â
In Q3 2024, the Ethylene Vinyl Acetate (EVA) market in South Korea experienced a price stabilization due to moderate demand and abundant global supply. Prices were recorded at $1345/MT, 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.Â
Moving into Q4 2024, the EVA market in South Korea saw another round of price stabilization, with rates settling at $1270/MT, 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.Â
In Q1 2025, the price of Korean-imported EVA (28% VA content) in the Indian domestic market held nearly flat at $1506/MT, 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.Â
According to PriceWatch, In the second quarter of 2025, prices for Ethylene Vinyl Acetate (EVA) with 28% Vinyl Acetate content on an Ex-Delhi basis averaged $1632 per metric ton, showing a significant increase of 8.36% compared to the previous quarter. The sharp uptick was largely driven by strong seasonal demand from footwear manufacturers and flexible foam processors across northern India, as pre-monsoon production cycles accelerated during April and May.
Concurrently, higher-priced imports from South Korea India’s key source for high-VA EVA tightened domestic margins and pushed up local offers. While port congestion remained minimal, inland transportation and warehouse costs rose slightly, contributing to higher landed costs in Delhi.
Supply availability was moderately tight, especially in the second half of the quarter, as some traders delayed fresh bookings amid rising FOB Korea values. Buyers continued to show urgency in restocking as pipeline inventory was depleted earlier than expected. With both demand and cost-side pressure in play, domestic distributors held firm on pricing, maintaining a bullish tone throughout the quarter.Â
In Q1 2024, EVA prices declined sharply to $1583/MT, a notable 8.74% drop from Q4 2023. The decline was fueled 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.Â
In Q2 2024, prices rose slightly to $1646/MT, 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.Â
In Q3 2024, domestic EVA prices dropped to $1571/MT, reflecting 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.Â
In Q4 2024, prices fell to $1505/MT, 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.Â
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
Ethylene Vinyl Acetate 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)Â
| 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)Â
| 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 |
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Ethylene Vinyl Acetate 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.
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)Â
| 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)Â
| 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 |
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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.