ASEAN: Vinyl Chloride Market 2024

Vinyl Chloride Market Size in ASEAN

In 2022, the ASEAN vinyl chloride market decreased by X% to $X for the first time since 2015, thus ending a six-year rising trend. The total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2015 indices. As a result, consumption reached the peak level of $X, and then declined in the following year.

Vinyl Chloride Production in ASEAN

In value terms, vinyl chloride production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a mild curtailment. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Vinyl Chloride Exports

Exports in ASEAN

Vinyl chloride exports declined to X tons in 2022, falling by X% on 2021. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, vinyl chloride exports contracted modestly to $X in 2022. In general, exports, however, posted a tangible increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then fell modestly in the following year.

Exports by Country

In 2022, Indonesia (X tons) represented the key exporter of vinyl chloride (chloroethylene), making up X% of total exports. It was distantly followed by Thailand (X tons), making up a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Indonesia (with a CAGR of X%).

In value terms, Indonesia ($X) remains the largest vinyl chloride supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports.

In Indonesia, vinyl chloride exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, with an increase of X% against the previous year. Export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vinyl chloride export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Thailand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%).

Vinyl Chloride Imports

Imports in ASEAN

In 2022, after six years of growth, there was significant decline in purchases abroad of vinyl chloride (chloroethylene), when their volume decreased by X% to X tons. Total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by X%. The volume of import peaked at X tons in 2021, and then contracted in the following year.

In value terms, vinyl chloride imports dropped sharply to $X in 2022. Overall, imports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then contracted sharply in the following year.

Imports by Country

Vietnam represented the main importing country with an import of around X tons, which amounted to X% of total imports. The Philippines (X tons) ranks second in terms of the total imports with a X% share, followed by Indonesia (X%) and Malaysia (X%).

Imports into Vietnam increased at an average annual rate of X% from 2012 to 2022. At the same time, the Philippines (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. Malaysia experienced a relatively flat trend pattern. By contrast, Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam and the Philippines increased by X and X percentage points, respectively.

In value terms, Vietnam ($X) constitutes the largest market for imported vinyl chloride (chloroethylene) in ASEAN, comprising X% of total imports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

In Vietnam, vinyl chloride imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the Philippines (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, reducing by X% against the previous year. Import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vinyl chloride import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform