Asia: Market for Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip 2024

Market Size for Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip in Asia

The Asian non-cellular polyvinyl chloride film market shrank to $X in 2022, declining by -4.3% against the previous year. The total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.1% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip in Asia

In value terms, non-cellular polyvinyl chloride film production shrank slightly to $X in 2022 estimated in export price. In general, production recorded strong growth. The pace of growth was the most pronounced in 2016 with an increase of 31%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip

Exports in Asia

In 2022, overseas shipments of non-cellular polyvinyl chloride films, sheets, foil and strip increased by 7.5% to X tons, rising for the sixth consecutive year after two years of decline. Total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.2% 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 +73.4% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 22%. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, non-cellular polyvinyl chloride film exports expanded significantly to $X in 2022. Total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +77.5% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

China dominates exports structure, recording X tons, which was near 70% of total exports in 2022. South Korea (X tons) held the second position in the ranking, followed by Taiwan (Chinese) (X tons) and Turkey (X tons). All these countries together held near 17% share of total exports. The following exporters - Japan (X tons), Thailand (X tons) and India (X tons) - together made up 7.6% of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-cellular polyvinyl chloride film exports from China stood at +10.0%. At the same time, Turkey (+10.6%), Japan (+1.9%) and India (+1.2%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +10.6% from 2012-2022. South Korea experienced a relatively flat trend pattern. By contrast, Thailand (-3.2%) and Taiwan (Chinese) (-4.1%) illustrated a downward trend over the same period. While the share of China (+25 p.p.) and Turkey (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (-3.6 p.p.), South Korea (-4.1 p.p.) and Taiwan (Chinese) (-8.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-cellular polyvinyl chloride film supplier in Asia, comprising 63% of total exports. The second position in the ranking was taken by South Korea ($X), with an 8.7% share of total exports. It was followed by Taiwan (Chinese), with a 6.8% share.

In China, non-cellular polyvinyl chloride film exports increased at an average annual rate of +13.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (+0.2% per year) and Taiwan (Chinese) (-0.1% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, growing by 4% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 12%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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 Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.2%), while the other leaders experienced more modest paces of growth.

Imports of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip

Imports in Asia

In 2022, non-cellular polyvinyl chloride film imports in Asia fell slightly to X tons, which is down by -1.9% on the previous year's figure. The total import volume increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by 9.5%. As a result, imports reached the peak of X tons, and then dropped modestly in the following year.

In value terms, non-cellular polyvinyl chloride film imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of +3.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 23%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

Vietnam (X tons), India (X tons) and Turkey (X tons) represented roughly 35% of total imports in 2022. China (X tons) ranks next in terms of the total imports with a 6% share, followed by Indonesia (5.3%), the United Arab Emirates (4.8%) and Taiwan (Chinese) (4.5%). Thailand (X tons), Saudi Arabia (X tons), the Philippines (X tons), Bangladesh (X tons), South Korea (X tons) and Pakistan (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +13.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-cellular polyvinyl chloride film importing markets in Asia were Vietnam ($X), Turkey ($X) and China ($X), together comprising 37% of total imports.

Among the main importing countries, Vietnam, with a CAGR of +16.1%, 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

In 2022, the import price in Asia amounted to $X per ton, increasing by 8.8% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 13% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while the Philippines ($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

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