Asia-Pacific: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Asia-Pacific

The Asia-Pacific market for pure polyvinyl chloride in primary forms declined to $X in 2022, with a decrease of -6.2% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Pure Polyvinyl Chloride in Primary Forms in Asia-Pacific

In value terms, production of pure polyvinyl chloride in primary forms contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 10%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports in Asia-Pacific

In 2022, exports of pure polyvinyl chloride in primary forms in Asia-Pacific rose markedly to X tons, surging by 6.5% against the year before. Total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +7.4% 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 +34.4% against 2017 indices. The pace of growth was the most pronounced in 2021 when exports increased by 29%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, exports of pure polyvinyl chloride in primary forms declined to $X in 2022. Overall, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 100%. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

In 2022, China (X tons), distantly followed by Taiwan (Chinese) (X tons), Japan (X tons), South Korea (X tons), Thailand (X tons) and Indonesia (X tons) represented the major exporters of pure polyvinyl chloride in primary forms, together creating 97% 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 China (with a CAGR of +18.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest pure polyvinyl chloride in primary forms supplying countries in Asia-Pacific were China ($X), Taiwan (Chinese) ($X) and Japan ($X), together comprising 71% of total exports. South Korea, Indonesia and Thailand lagged somewhat behind, together comprising a further 26%.

In terms of the main exporting countries, Indonesia, with a CAGR of +22.3%, saw the highest rates of growth with regard to the value of exports, 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 Asia-Pacific stood at $X per ton in 2022, reducing by -12% against the previous year. Export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for pure polyvinyl chloride in primary forms increased by +37.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 55%. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Indonesia ($X per ton) and China ($X per ton), while Thailand ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.6%), while the other leaders experienced more modest paces of growth.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports in Asia-Pacific

In 2022, supplies from abroad of pure polyvinyl chloride in primary forms decreased by -1.7% to X tons, falling for the third year in a row after six years of growth. Overall, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 31%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of pure polyvinyl chloride in primary forms shrank to $X in 2022. In general, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, India (X tons) was the main importer of pure polyvinyl chloride in primary forms, mixing up 47% of total imports. It was distantly followed by Vietnam (X tons), China (X tons), Bangladesh (X tons) and Australia (X tons), together mixing up a 37% share of total imports. Malaysia (X tons) and Cambodia (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to pure polyvinyl chloride in primary forms imports into India stood at +37.7%. At the same time, Cambodia (+56.2%), Vietnam (+17.4%), Australia (+13.2%), Bangladesh (+9.8%) and Malaysia (+4.8%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +56.2% from 2012-2022. By contrast, China (-8.4%) illustrated a downward trend over the same period. While the share of India (+43 p.p.), Vietnam (+7.8 p.p.), Australia (+2.3 p.p.), Cambodia (+2 p.p.) and Bangladesh (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of China (-40.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported pure polyvinyl chloride in primary forms in Asia-Pacific, comprising 49% of total imports. The second position in the ranking was held by Vietnam ($X), with a 12% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at +41.1%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+16.5% per year) and China (-6.7% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, which is down by -8.4% against the previous year. Import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for pure polyvinyl chloride in primary forms increased by +44.7% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 58%. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in India ($X per ton) and Australia ($X per ton), while Cambodia ($X per ton) and Bangladesh ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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