Bangladesh: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Bangladesh

The Bangladeshi market for pure polyvinyl chloride in primary forms contracted remarkably to $X in 2022, which is down by -21% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a buoyant expansion. As a result, consumption reached the peak level of $X, and then contracted dramatically in the following year.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from Bangladesh

In 2022, shipments abroad of pure polyvinyl chloride in primary forms decreased by -42% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a resilient increase. The growth pace was the most rapid in 2021 when exports increased by 527% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of pure polyvinyl chloride in primary forms contracted markedly to $X in 2022. Overall, exports, however, continue to indicate a tangible increase. The most prominent rate of growth was recorded in 2021 with an increase of 523% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for exports of pure polyvinyl chloride in primary forms from Bangladesh, accounting for a 99.9% share of total exports. It was followed by China (X kg), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to India amounted to +61.0%.

In value terms, India ($X) emerged as the key foreign market for pure polyvinyl chloride in primary forms exports from Bangladesh, comprising 99.9% of total exports. The second position in the ranking was held by China ($X), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to India stood at +61.1%.

Export Prices by Country

The average export price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, stabilizing at the previous year. Overall, the export price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2013 an increase of 6%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.1%).

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into Bangladesh

In 2022, approx. X tons of pure polyvinyl chloride in primary forms were imported into Bangladesh; waning by -10.6% on 2021. Overall, imports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2015 when imports increased by 45% against the previous year. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, imports of pure polyvinyl chloride in primary forms contracted sharply to $X in 2022. In general, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 98% against the previous year. As a result, imports attained the peak of $X, and then fell markedly in the following year.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and Thailand (X tons) were the main suppliers of imports of pure polyvinyl chloride in primary forms to Bangladesh, together accounting for 93% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +58.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), China ($X) and Thailand ($X) constituted the largest pure polyvinyl chloride in primary forms suppliers to Bangladesh, together comprising 93% of total imports.

Among the main suppliers, China, with a CAGR of +60.4%, recorded the highest rates of growth with regard to 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

In 2022, the average import price for pure polyvinyl chloride in primary forms amounted to $X per ton, with a decrease of -15.9% against the previous year. In general, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% 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 +32.1% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 56% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell sharply in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Thailand ($X per ton) and Indonesia ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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