Asia-Pacific: 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-Pacific

The Asia-Pacific non-cellular polyvinyl chloride film market declined slightly to $X in 2022, dropping by -3% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 -8.1% against 2019 indices. Over the period under review, the market hit record highs 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-Pacific

In value terms, non-cellular polyvinyl chloride film production dropped modestly to $X in 2022 estimated in export price. The total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.9% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 20% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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

Exports in Asia-Pacific

In 2022, overseas shipments of non-cellular polyvinyl chloride films, sheets, foil and strip increased by 8.3% to X tons, rising for the sixth consecutive year after two years of decline. Total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.3% 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 +82.9% against 2016 indices. The pace of growth was the most pronounced in 2017 when exports increased by 25%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, non-cellular polyvinyl chloride film exports rose markedly to $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +81.5% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

China prevails in exports structure, amounting to X tons, which was near 76% of total exports in 2022. South Korea (X tons) took the second position in the ranking, followed by Taiwan (Chinese) (X tons). All these countries together held near 13% share of total exports. Japan (X tons), Thailand (X tons) and India (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the non-cellular polyvinyl chloride films, sheets, foil and strip exports, with a CAGR of +10.0% from 2012 to 2022. At the same time, Japan (+1.9%) and India (+1.2%) displayed positive paces of growth. 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. From 2012 to 2022, the share of China increased by +27 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-cellular polyvinyl chloride film supplier in Asia-Pacific, comprising 69% of total exports. The second position in the ranking was taken by South Korea ($X), with a 9.5% share of total exports. It was followed by Taiwan (Chinese), with a 7.4% share.

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

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, surging by 3.5% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 12%. Over the period under review, the export prices reached the peak figure at $X per ton in 2016; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: 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-Pacific

In 2022, imports of non-cellular polyvinyl chloride films, sheets, foil and strip in Asia-Pacific shrank to X tons, reducing by -4.6% compared with the previous year. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 12% against the previous year. As a result, imports attained the peak of X tons, and then shrank modestly in the following year.

In value terms, non-cellular polyvinyl chloride film imports rose 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 when imports increased by 28%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Vietnam (X tons) and India (X tons) represented the key importers of non-cellular polyvinyl chloride films, sheets, foil and strip in 2022, accounting for approx. 20% and 16% of total imports, respectively. China (X tons) held the next position in the ranking, followed by Indonesia (X tons), Taiwan (Chinese) (X tons), Thailand (X tons) and the Philippines (X tons). All these countries together took approx. 33% share of total imports. Bangladesh (X tons), Australia (X tons), South Korea (X tons), Pakistan (X tons), Japan (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading 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-Pacific were Vietnam ($X), China ($X) and India ($X), with a combined 44% share of total imports.

Vietnam, with a CAGR of +16.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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-Pacific amounted to $X per ton, surging by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2021 when the import price increased by 14%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+11.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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