Asia: Vinyl Chloride Market 2024

Vinyl Chloride Market Size in Asia

The Asian vinyl chloride market dropped to $X in 2022, falling by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Vinyl Chloride Production in Asia

In value terms, vinyl chloride production rose rapidly to $X in 2022 estimated in export price. In general, production, however, saw a mild curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Vinyl Chloride Exports

Exports in Asia

In 2022, approx. X tons of vinyl chloride (chloroethylene) were exported in Asia; reducing by X% against the year before. Total exports indicated a buoyant increase 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. Based on 2022 figures, exports increased by X% against 2012 indices. The pace of growth was the most pronounced in 2013 when exports increased by X%. The volume of export peaked at X tons in 2021, and then declined modestly in the following year.

In value terms, vinyl chloride exports contracted dramatically to $X in 2022. Over the period under review, exports, however, posted a buoyant increase. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then declined rapidly in the following year.

Exports by Country

Japan represented the main exporter of vinyl chloride (chloroethylene) in Asia, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. Taiwan (Chinese) (X tons) held the second position in the ranking, distantly followed by Indonesia (X tons), South Korea (X tons), China (X tons) and Thailand (X tons). All these countries together held approx. X% share of total exports.

Exports from Japan increased at an average annual rate of X% from 2012 to 2022. At the same time, China (X%), Indonesia (X%), South Korea (X%), Thailand (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Japan (X p.p.), Indonesia (X p.p.) and China (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand and Taiwan (Chinese) saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest vinyl chloride supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Japan stood at X%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, reducing by X% against the previous year. Export price indicated modest growth 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 pace of growth appeared the most rapid in 2021 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then fell significantly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Taiwan (Chinese) ($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 (X%), while the other leaders experienced more modest paces of growth.

Vinyl Chloride Imports

Imports in Asia

After seven years of growth, purchases abroad of vinyl chloride (chloroethylene) decreased by X% to X tons in 2022. Total imports indicated a remarkable increase 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. Based on 2022 figures, imports increased by X% against 2013 indices. The growth pace was the most rapid in 2013 when imports increased by X%. The volume of import peaked at X tons in 2021, and then dropped in the following year.

In value terms, vinyl chloride imports fell sharply to $X in 2022. Overall, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then shrank remarkably in the following year.

Imports by Country

China was the largest importer of vinyl chloride (chloroethylene) in Asia, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. India (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (X%), the Philippines (X%) and Taiwan (Chinese) (X%). The following importers - Indonesia (X tons) and South Korea (X tons) - each resulted at a X% share of total imports.

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

In value terms, the largest vinyl chloride importing markets in Asia were China ($X), India ($X) and Vietnam ($X), with a combined X% share of total imports. The Philippines, Indonesia, Taiwan (Chinese) and South Korea lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, South Korea, with a CAGR of X%, recorded 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

The import price in Asia stood at $X per ton in 2022, reducing by X% against the previous year. Import price indicated a mild increase 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 was the most pronounced in 2021 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined 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

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