Australia: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in Australia

The Australian polyvinyl chloride market shrank to $X in 2022, reducing by -6.7% against the previous year. Over the period under review, consumption, however, recorded a resilient expansion. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Polyvinyl Chloride Production in Australia

In value terms, polyvinyl chloride production dropped rapidly to $X in 2022 estimated in export price. In general, production recorded a perceptible contraction. The most prominent rate of growth was recorded in 2021 when the production volume increased by 65% against the previous year. Polyvinyl chloride production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Polyvinyl Chloride Exports

Exports from Australia

In 2022, shipments abroad of polyvinyl chloride increased by 15% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports recorded moderate growth. The growth pace was the most rapid in 2017 with an increase of 235% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, polyvinyl chloride exports rose remarkably to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 172% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons) was the main destination for polyvinyl chloride exports from Australia, accounting for a 50% share of total exports. Moreover, polyvinyl chloride exports to New Zealand exceeded the volume sent to the second major destination, India (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand amounted to +11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+14.5% per year) and Taiwan (Chinese) (+87.9% per year).

In value terms, New Zealand ($X) remains the key foreign market for polyvinyl chloride exports from Australia, comprising 47% of total exports. The second position in the ranking was held by the United States ($X), with a 12% share of total exports. It was followed by Vanuatu, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand totaled +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+34.4% per year) and Vanuatu (+74.6% per year).

Export Prices by Country

The average polyvinyl chloride export price stood at $X per ton in 2022, declining by -5.3% against the previous year. Over the period under review, the export price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2021 an increase of 55%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+64.8%), while the prices for the other major destinations experienced more modest paces of growth.

Polyvinyl Chloride Imports

Imports into Australia

In 2022, approx. X tons of polyvinyl chloride were imported into Australia; shrinking by -7.2% compared with the previous year. Overall, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 488%. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, polyvinyl chloride imports reduced to $X in 2022. Over the period under review, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 385%. Over the period under review, imports hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

Vietnam (X tons), the United States (X tons) and Singapore (X tons) were the main suppliers of polyvinyl chloride imports to Australia, together accounting for 1.9% of total imports. Sweden, Thailand, China, Taiwan (Chinese) and South Korea lagged somewhat behind, together accounting for a further 0.5%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +15.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Vietnam ($X) and Singapore ($X) constituted the largest polyvinyl chloride suppliers to Australia, with a combined 3.2% share of total imports. Sweden, Thailand, China, Taiwan (Chinese) and South Korea lagged somewhat behind, together comprising a further 0.6%.

Among the main suppliers, China, with a CAGR of +18.3%, 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 average polyvinyl chloride import price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyvinyl chloride import price increased by +54.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 55%. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($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 (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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