Asia: Market for Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Plasticised Mixed Polyvinyl Chloride in Primary Forms in Asia

In 2022, the Asian market for plasticised mixed polyvinyl chloride in primary forms decreased by -3.6% to $X, falling for the second consecutive year after seven years of growth. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 9.7% against the previous year. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Plasticised Mixed Polyvinyl Chloride in Primary Forms in Asia

In value terms, production of plasticised mixed polyvinyl chloride in primary forms totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by 17% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports in Asia

After three years of growth, overseas shipments of plasticised mixed polyvinyl chloride in primary forms decreased by -0.4% to X tons in 2022. The total export volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. As a result, the exports attained the peak of X tons, leveling off in the following year.

In value terms, exports of plasticised mixed polyvinyl chloride in primary forms reached $X in 2022. Total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +77.7% against 2018 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 41%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

China represented the major exporting country with an export of around X tons, which finished at 46% of total exports. Malaysia (X tons) took a 6.5% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (6.5%), Vietnam (5.6%), Thailand (4.6%) and Turkey (4.6%). India (X tons), South Korea (X tons), Singapore (X tons), Japan (X tons), the United Arab Emirates (X tons) and Hong Kong SAR (X tons) held a minor share of total exports.

China was also the fastest-growing in terms of the plasticised mixed polyvinyl chloride in primary forms exports, with a CAGR of +16.0% from 2012 to 2022. At the same time, Malaysia (+13.3%), Turkey (+12.5%), India (+11.3%), Vietnam (+11.0%) and the United Arab Emirates (+1.2%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, Thailand (-2.4%), South Korea (-3.1%), Singapore (-4.7%), Hong Kong SAR (-11.3%) and Taiwan (Chinese) (-12.0%) illustrated a downward trend over the same period. While the share of China (+33 p.p.), Malaysia (+4.2 p.p.), Vietnam (+3.1 p.p.), Turkey (+2.8 p.p.) and India (+2.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (-2.8 p.p.), South Korea (-3 p.p.), Singapore (-4.3 p.p.), Hong Kong SAR (-8.2 p.p.) and Taiwan (Chinese) (-23.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plasticised mixed polyvinyl chloride in primary forms supplier in Asia, comprising 52% of total exports. The second position in the ranking was taken by Singapore ($X), with a 5.6% share of total exports. It was followed by Thailand, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +18.0%. In the other countries, the average annual rates were as follows: Singapore (-1.4% per year) and Thailand (+1.6% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, rising by 2.7% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 17%. The level of export peaked in 2022 and is likely to see gradual 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 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 Thailand (+4.1%), while the other leaders experienced more modest paces of growth.

Imports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports in Asia

In 2022, after three years of growth, there was decline in overseas purchases of plasticised mixed polyvinyl chloride in primary forms, when their volume decreased by -2.1% to X tons. The total import volume increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15%. As a result, imports attained the peak of X tons, and then reduced slightly in the following year.

In value terms, imports of plasticised mixed polyvinyl chloride in primary forms totaled $X in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 40%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The countries with the highest levels of imports of plasticised mixed polyvinyl chloride in primary forms in 2022 were Indonesia (X tons), Vietnam (X tons) and China (X tons), together finishing at 43% of total import. It was distantly followed by Malaysia (X tons), generating a 4.6% share of total imports. Turkey (X tons), the Philippines (X tons), Hong Kong SAR (X tons), Bangladesh (X tons), India (X tons), Thailand (X tons), Cambodia (X tons), Singapore (X tons) and Kazakhstan (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 Bangladesh (with a CAGR of +32.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plasticised mixed polyvinyl chloride in primary forms importing markets in Asia were China ($X), Vietnam ($X) and Indonesia ($X), together comprising 44% of total imports. Turkey, the Philippines, India, Thailand, Hong Kong SAR, Malaysia, Bangladesh, Singapore, Kazakhstan and Cambodia lagged somewhat behind, together comprising a further 36%.

Bangladesh, with a CAGR of +33.7%, saw the highest growth rate of 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 amounted to $X per ton, increasing by 3.1% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 21%. Over the period under review, import prices reached the peak figure in 2022 and is likely to continue growth in the near future.

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 Turkey ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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