ASEAN: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in ASEAN

The ASEAN polyvinyl chloride market shrank to $X in 2022, dropping by -7.3% against the previous year. The total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +40.9% against 2020 indices. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Polyvinyl Chloride Production in ASEAN

In value terms, polyvinyl chloride production reduced dramatically to $X in 2022 estimated in export price. The total production indicated tangible growth 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 +28.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 58%. As a result, production reached the peak level of $X, and then fell sharply in the following year.

Polyvinyl Chloride Exports

Exports in ASEAN

In 2022, overseas shipments of polyvinyl chloride increased by 16% to X tons, rising for the third consecutive year after two years of decline. Total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 21% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, polyvinyl chloride exports rose sharply to $X in 2022. In general, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 61% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Thailand (X tons) and Indonesia (X tons) dominates exports structure, together comprising 79% of total exports. Malaysia (X tons) ranks next in terms of the total exports with a 7.5% share, followed by Vietnam (7.4%). The following exporters - Singapore (X tons) and the Philippines (X tons) - each resulted at a 5.9% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +15.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Indonesia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 84% share of total exports.

Indonesia, with a CAGR of +20.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, shrinking by -4.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2021 when the export price increased by 46% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+5.9%), while the other leaders experienced more modest paces of growth.

Polyvinyl Chloride Imports

Imports in ASEAN

Polyvinyl chloride imports rose markedly to X tons in 2022, growing by 6.6% compared with the previous year's figure. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.3% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 24%. The volume of import peaked at X tons in 2020; afterwards, it flattened through to 2022.

In value terms, polyvinyl chloride imports expanded notably to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.6% against 2012 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 16% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

Vietnam represented the main importing country with an import of about X tons, which finished at 42% of total imports. Malaysia (X tons) took the second position in the ranking, distantly followed by Cambodia (X tons), Thailand (X tons), Indonesia (X tons) and Myanmar (X tons). All these countries together held near 50% share of total imports. Singapore (X tons) took a little share of total imports.

Imports into Vietnam increased at an average annual rate of +13.8% from 2012 to 2022. At the same time, Cambodia (+29.5%), Myanmar (+5.9%) and Malaysia (+4.3%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +29.5% from 2012-2022. Thailand and Indonesia experienced a relatively flat trend pattern. By contrast, Singapore (-2.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam and Cambodia increased by +20 and +7.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X), Malaysia ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 66% share of total imports. Thailand, Cambodia, Singapore and Myanmar lagged somewhat behind, together comprising a further 29%.

Among the main importing countries, Cambodia, with a CAGR of +28.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by 27%. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform