The rapid development of China’s manufacturing industry, especially the vigorous development of the footwear industry, the luggage industry, the toy industry, the sporting goods industry and the building materials industry, will drive the sustained and rapid growth of the domestic demand for EVA foaming materials.
The production and application of China’s EVA foaming materials started late, but due to the excellent processing performance of the products and their wide application, especially the vigorous development of EVA shoes, EVA bags, EVA Toys, EVA yoga products, EVA sports products and so on, EVA Foam will be promoted. Sustained and rapid growth in material market demand.
Due to tight market supply, rising raw material, energy, and transportation costs, EVA import prices have been rising. In 2009, due to the decline in international crude oil prices, EVA production costs fell. On the other hand, the financial crisis has also caused the downstream industry’s demand for EVA to shrink across the globe. These two factors caused the import price of EVA to fall quickly.