Argentina: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in Argentina

The Argentinian polyvinyl chloride market shrank to $X in 2022, declining by -7.9% against the previous year. In general, consumption, however, enjoyed buoyant growth. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Polyvinyl Chloride Production in Argentina

In value terms, polyvinyl chloride production dropped notably to $X in 2022 estimated in export price. Over the period under review, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +22.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 45%. As a result, production reached the peak level of $X, and then shrank sharply in the following year.

Polyvinyl Chloride Exports

Exports from Argentina

Polyvinyl chloride exports from Argentina rose notably to X tons in 2022, with an increase of 12% against 2021 figures. Overall, exports, however, continue to indicate a dramatic setback. The pace of growth appeared the most rapid in 2016 when exports increased by 41%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, polyvinyl chloride exports soared to $X in 2022. In general, exports, however, showed a precipitous decrease. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for polyvinyl chloride exports from Argentina, accounting for a 63% share of total exports. Moreover, polyvinyl chloride exports to Brazil exceeded the volume sent to the second major destination, Chile (X tons), threefold. Uruguay (X tons) ranked third in terms of total exports with a 17% share.

From 2012 to 2022, the average annual growth rate of volume to Brazil totaled -29.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-20.4% per year) and Uruguay (-18.0% per year).

In value terms, Brazil ($X) remains the key foreign market for polyvinyl chloride exports from Argentina, comprising 66% of total exports. The second position in the ranking was taken by Chile ($X), with a 19% share of total exports. It was followed by Uruguay, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil totaled -25.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-17.7% per year) and Uruguay (-15.1% per year).

Export Prices by Country

The average polyvinyl chloride export price stood at $X per ton in 2022, with an increase of 17% against the previous year. Over the period under review, the export price enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 an increase of 42%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Brazil ($X per ton) and Chile ($X per ton), while the average price for exports to Uruguay ($X per ton) and Paraguay ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Polyvinyl Chloride Imports

Imports into Argentina

In 2022, the amount of polyvinyl chloride imported into Argentina declined dramatically to X tons, waning by -33% against the year before. In general, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, polyvinyl chloride imports fell dramatically to $X in 2022. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 93% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of polyvinyl chloride to Argentina, accounting for a 52% share of total imports. Moreover, polyvinyl chloride imports from Brazil exceeded the figures recorded by the second-largest supplier, Colombia (X tons), threefold. The United States (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil stood at +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-15.2% per year) and the United States (-21.4% per year).

In value terms, Brazil ($X) constituted the largest supplier of polyvinyl chloride to Argentina, comprising 45% of total imports. The second position in the ranking was held by Colombia ($X), with a 16% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Brazil totaled +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-10.3% per year) and the United States (-15.2% per year).

Import Prices by Country

The average polyvinyl chloride import price stood at $X per ton in 2022, growing by 17% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyvinyl chloride import price increased by +84.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 46%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Chile ($X per ton) and Uruguay ($X per ton), while the price for Brazil ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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