[SMM Analysis] Analysis of EVA imports in January and February 2024

Ethylene Vinyl Acetate Copolymer (EVA for short) is a copolymer obtained by random copolymerization of ethylene (non-polar) and vinyl acetate (polar). EVA is a material with excellent performance and wide application. It has important applications in packaging, construction, automobiles, daily groceries and other fields.

According to the latest data released by the customs statistical data query platform, from January to February 2024, China's primary shape ethylene-vinyl acetate copolymer (EVA) import market showed a certain fluctuation trend. During this period, many key indicators such as import quantity, total import volume and unit cost have undergone significant changes, reflecting the dynamic adjustment of market supply and demand.

In January 2024, China imported a total of 110,610 tons of primary-form ethylene-vinyl acetate copolymer, with a total amount of RMB 1060,628,889 and a unit cost of RMB 9,588.92. Compared with the previous month, the import quantity decreased by 23% month-on-month, and the unit import cost decreased by 3% month-on-month. Compared with the same period last year, the import volume increased by 45% year-on-year, and the unit import cost dropped by 25% year-on-year.

In February, China imported a total of 87,838 tons of such products, with a total amount of RMB 824,499,450 and a unit cost of RMB 9,386.61. Compared with January, the import quantity dropped by 21% month-on-month, and the unit import cost dropped by 2% month-on-month. However, compared with the same period last year, the import volume fell by 36% year-on-year, and the unit import cost dropped by 23% year-on-year, which reflected that market demand was affected to a certain extent.

The month-on-month decrease and year-on-year increase in import volume may be affected by a variety of factors, including price fluctuations in the international market, changes in domestic market demand, and policy adjustments. The month-on-month and year-on-year decreases in unit import costs also reflect the dynamic changes in market supply and demand and the importance of cost control.

Faced with such market conditions, relevant companies need to pay close attention to market dynamics, strengthen risk management, and formulate reasonable procurement and sales strategies. Meanwhile, government departments should also strengthen market supervision and regulation to promote the stable and healthy development of the market. With the gradual recovery of the global economy and the continued growth of domestic demand, the ethylene-vinyl acetate copolymer market is expected to usher in new development opportunities. However, market competition will become increasingly fierce, and companies need to continuously improve their competitiveness to adapt to market changes and challenges.