Ethyl Vinyl Alcohol Copolymer Price Trend and Forecast

Regional Price Overview

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

Ethyl Vinyl Alcohol Copolymer Price Trend for the Q1 of 2024

Asia

In the Asian region, the chemical giants announced a significant uptick in the prices of base chemicals, which drove up the total cost of production of ethyl vinyl alcohol copolymer in the first quarter of 2024. Along with the feedstock chemicals, the downstream industries also showcased a peculiar interest in the market, raising expectations of the manufacturing industries. However, as the quarter progressed, the inclining journey of the market slowed down a little.

Ethyl Vinyl Alcohol Copolymer Price Chart

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The halt in the incline was due to the excessive rise in production costs, fueled by forwarding crude oil and energy production expenses. Thus, despite healthy demand, the ethyl vinyl alcohol copolymer production community was not able to extract their desired profit margins, resulting in frail movement of the ethyl vinyl alcohol copolymer price trend towards the end of the first quarter.

Europe

Ethyl Vinyl Alcohol Copolymer prices saw a notable increase compared to Q4 of 2023 due to a rise in overall market activity and inclining acetic acid prices, driving up production expenses. However, restocking activities by traders amid inclining domestic and international demand further pushed the prices higher, along with a significant surge in the number of bulk orders in the quarter.

The persistent high natural gas prices further elevated the production costs, further impacting ethyl vinyl alcohol copolymer pricing. In the German market, ethyl vinyl alcohol copolymer prices rose due to strong support from vinyl acetate feedstock prices and low inventory levels, driving market expansion. However, consumer buying capacity in downstream industries was affected by high-interest rates despite a modest expansion in the manufacturing sector.

North America

Ethyl vinyl alcohol copolymer (EVOH) prices declined in the previous quarters, which led to the limited growth of the market during the first quarter of 2024. The market sentiments declined due to subdued demand and oscillating energy and feedstock prices amidst global inflation control measures prompted by supply disruptions. Initially bullish, EVOH markets turned downward during the middle of the first quarter, leading to destocking by the US trading community. However, the overall cost of production of ethyl vinyl alcohol copolymer (EVOH) inclined on the back of the rising cost of basic chemicals driven by force majeure.

Analyst Insight

According to Procurement Resource, the price trend of Ethyl Vinyl Alcohol Copolymer is estimated to be based on the pricing trajectory of vinyl alcohol and ethylene in the forthcoming quarters.

Ethyl Vinyl Alcohol Copolymer Price Trend for the Q4 of 2023

Asia

Ethyl Vinyl Alcohol Copolymer or EVOH is a thermoplastic primarily consumed to provide packaging and storage solutions for various industries like pharmaceuticals, sewage, foods, fuels, etc. So, with the versatility in applications, the market demands from these sectors guide the Ethyl Vinyl Alcohol Copolymer’s market sentiments.

Along with this, the feedstock materials vinyl acetate and ethylene are also big drivers for the EVOH market since they directly impact the cost of production. During the discussed time period of Q4’23, the Ethyl Vinyl Alcohol Copolymer prices were observed to be mostly oscillating towards the downward side of the market spectrum. Available inventory stocks and low production costs primarily guided these price trend. Overall, mixed market sentiments were observed.

Europe

The European Ethyl Vinyl Alcohol Copolymer market’s trend were not much different from its Asian counterpart during the fourth quarter of the year 2023. The ever-stretching Russia-Ukraine war showed its long-term effects as the offshore trade was still hurdled for Europe. Moreover, the freight disturbances during this time further complicated the situation. Overall, downward-wavering price trend were observed for the European Ethyl Vinyl Alcohol Copolymer markets.

North America

The North American EVOH market also followed its Asian and European counterparts during the given period. Low industrial demands during the New Year holiday season, combined with the commencement of the Israel-Hamas war, made the Ethyl Vinyl Alcohol Copolymer trade situation a little difficult. So, short-range price fluctuations mostly tilted toward the lower side were observed in the Ethyl Vinyl Alcohol Copolymer price graph.

Analyst Insight

According to Procurement Resource, the Ethyl Vinyl Alcohol Copolymer price trend are expected to fluctuate in a similar manner going forward, given the current supply-demand dynamics and economic scenarios.

Ethyl Vinyl Alcohol Copolymer Price Trend for the Q3 of 2023

Asia

Ethyl Vinyl Alcohol Copolymer continued its journey uphill in the third quarter, as seen in the previous quarters as well. With already depleted inventory stocks, even low demand coming from the consuming industries supplemented the ethyl vinyl alcohol copolymer price growth. However, since the consumer markets and manufacturing industries opened after the long COVID restrictions, the Chinese packaging industries witnessed a surge in ethyl vinyl alcohol copolymer demands.

The construction sector, too, was seeing an inclination after a long time, which further promoted ethyl vinyl alcohol copolymer demands from downstream pipes and hose industries. Overall, ethyl vinyl alcohol copolymer registered astonishing numbers at the price index.

Europe

The European ethyl vinyl alcohol copolymer market experienced high swinging price trend during the concerned time period. The manufacturing sector was still struggling at the beginning of the quarter since many plants had cut down production because of unmanageable inflation rates in the wake of the Russia and Ukraine war.

However, the situation was improving steadily as the production rates and demands for ethyl vinyl alcohol copolymer improved. Overall, very positive market trend were observed for ethyl vinyl alcohol copolymer during the said period.

North America

The North American ethyl vinyl alcohol copolymer market almost replicated the European market trend for the discussed period. With some temporary fluctuations, the ethyl vinyl alcohol copolymer price graph was largely inclined toward the higher end, given the steadily rising demands, and improving buyer’s confidence in the market.

Analyst Insight

According to Procurement Resource, Ethyl Vinyl Alcohol Copolymer prices are likely to keep up the uphill journey in the coming months. Given the healthy supply- demand dynamics, the market trend are anticipated to remain positive going forward as well.

Ethyl Vinyl Alcohol Copolymer Price Trend for the First Half of 2023

Asia

The first quarter of 2023 witnessed a huge jump in the prices of ethyl vinyl alcohol copolymers due to the deleting level of inventories and slumping production rates.

The availability of raw materials and imports from other nations remained low throughout the quarter while the demand for ethyl vinyl alcohol copolymer continued to rise. However, this trajectory could not be followed in the second quarter as the downstream sectors declined their demand. The cost of raw materials also failed to provide the necessary support, but the steady supply of ethyl vinyl alcohol copolymer in the region helped stabilize its price trend.

Europe

The European countries witnessed a steep incline in the prices of ethyl vinyl alcohol copolymer in the first quarter of 2023, similar to that was seen in the Asia Pacific region. The market dynamics were supported by the limited number of imports, and thus, scarcity of material in the region, along with the disruptions in the supply chains, caused the prices to incline.

In the second quarter also, the trend inclined initially with the high demand from the food and packaging industries and weak supply in the region. But soon, the effect of declining raw material costs and falling crude oil prices caused the price trend of ethyl vinyl alcohol copolymer to move southwards. To further add to this injury, the spiking rates of inflation and hike in bank interest rates aided this southward journey of ethyl vinyl alcohol copolymer prices.

North America

An unusual spike in the prices of ethyl vinyl alcohol copolymer was observed in the first quarter of 2023. Due to the falling level of inventories backed by strong demand from the end-user industries, the prices of ethyl vinyl alcohol copolymer inclined in the region.

This trend was followed till the initial months of the second quarter, but in the later months, the prices declined with the subdued demand for the product. The region also suffered from rising labour costs and a recession in the market. Additionally, the drop in fuel demand, low consumption rates and restricted movement of the upstream market caused the prices to move southward. However, in the last month, the trend soared again due to the low availability of the product in the region amid the rising demand from the downstream industries.

Analyst Insight

According to Procurement Resource, the price trend of ethyl vinyl alcohol copolymer is expected to fluctuate as the demand from end-user industries seems to be erratic, given the rising inflation levels.

Procurement Resource provides latest prices of Ethyl Vinyl Alcohol Copolymer. 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.