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China - Polyvinyl Chloride in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

China - Polyvinyl Chloride in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Mar 17, 2023

Polyvinyl Chloride Price in China Experiences Drastic Decline to $1,026 per Ton

China Polyvinyl Chloride Export Price in December 2022

In December 2022, the polyvinyl chloride price stood at $1,026 per ton (FOB, China), reducing by -9% against the previous month. Overall, the export price recorded a noticeable slump. The most prominent rate of growth was recorded in April 2022 when the average export price increased by 0.9% against the previous month. The export price peaked at $1,465 per ton in January 2022; however, from February 2022 to December 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was Indonesia ($1,877 per ton), while the average price for exports to Pakistan ($787 per ton) was amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.

China Polyvinyl Chloride Exports

In December 2022, after seven months of decline, there was significant growth in shipments abroad of polyvinyl chloride, when their volume increased by 43% to 161K tons. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2022 when exports increased by 84% month-to-month. The exports peaked at 316K tons in April 2022; however, from May 2022 to December 2022, the exports failed to regain momentum.

In value terms, polyvinyl chloride exports surged to $165M (IndexBox estimates) in December 2022. Overall, exports, however, saw a perceptible descent. The pace of growth appeared the most rapid in March 2022 with an increase of 84% against the previous month. Over the period under review, the exports hit record highs at 442K tons in April 2022; however, from May 2022 to December 2022, the exports failed to regain momentum.

China Polyvinyl Chloride Exports by Country

India (74K tons) was the main destination for polyvinyl chloride exports from China, accounting for a 46% share of total exports. Moreover, polyvinyl chloride exports to India exceeded the volume sent to the second major destination, Egypt (9.6K tons), eightfold. The third position in this ranking was taken by Vietnam (9.1K tons), with a 5.7% share.

From January 2022 to December 2022, the average monthly growth rate of volume to India stood at +11.9%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Egypt (-3.5% per month) and Vietnam (-8.5% per month).

In value terms, India ($59M) emerged as the key foreign market for polyvinyl chloride exports from China, comprising 36% of total exports. The second position in the ranking was taken by Vietnam ($11M), with a 7% share of total exports. It was followed by Egypt, with a 5.1% share.

From January 2022 to December 2022, the average monthly growth rate of value to India amounted to +5.2%. Exports to the other major destinations recorded the following average monthly rates of export growth: Vietnam (-10.0% per month) and Egypt (-7.7% per month).

Why China's PVC Prices Have Dropped

The decrease in price is largely attributed to oversupply, as domestic production continues to increase. China began exporting more PVC to overseas markets due to the oversupply. However, the trade tension with the US and other countries has led buyers to look for alternative markets.

The ongoing tariff war between the US and China has also affected the PVC industry, as the US has imposed 25% tariffs on imports from China. This has led to a decrease in exports to the US, one of the largest importers of PVC from China.

Furthermore, China has implemented stricter environmental regulations, leading to the closure of some PVC factories. This has also contributed to the decrease in supply and the drop in price.

Despite the challenges faced by the PVC industry, it remains a crucial component in various industries. The construction sector, for instance, is one of the largest consumers of PVC products such as pipes, fittings, and flooring. The automotive industry also relies heavily on PVC, with applications ranging from tubing to dashboards.

Manufacturers and exporters of PVC in China are now looking for ways to remain competitive, such as increasing efficiency and innovating new products. They are also exploring new markets in Southeast Asia and Africa, which have a growing demand for PVC.

In conclusion, the drop in PVC prices in China is a significant trend that has affected the industry globally. While the challenges are numerous, there are also opportunities for innovation and growth, especially in emerging markets. As the industry continues to adapt and evolve, it remains an important contributor to the global economy.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the polyvinyl chloride market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20163010 - Polyvinyl chloride, not mixed with any other substances, in primary forms
  • Prodcom 20163023 - Non-plasticised polyvinyl chloride mixed with any other substance, in primary forms
  • Prodcom 20163025 - Plasticised polyvinyl chloride mixed with any other substance, i n primary forms

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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