Belgium: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Belgium

In 2022, the Belgian market for pure polyvinyl chloride in primary forms increased by 106% to $X, rising for the second consecutive year after two years of decline. Overall, consumption saw a measured expansion. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Pure Polyvinyl Chloride in Primary Forms in Belgium

In value terms, production of pure polyvinyl chloride in primary forms dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a slight downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 37%. Production of peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from Belgium

In 2022, overseas shipments of pure polyvinyl chloride in primary forms decreased by -28.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 23%. Over the period under review, the exports of reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of pure polyvinyl chloride in primary forms fell to $X in 2022. In general, total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +45.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 66%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

Germany (X tons), Turkey (X tons) and the UK (X tons) were the main destinations of exports of pure polyvinyl chloride in primary forms from Belgium, with a combined 49% share of total exports. France, Italy, the Netherlands, Poland, Egypt, Israel, Austria, Algeria, Switzerland and India lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +34.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for pure polyvinyl chloride in primary forms exports from Belgium, comprising 28% of total exports. The second position in the ranking was taken by the UK ($X), with a 10% share of total exports. It was followed by Turkey, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-3.7% per year) and Turkey (+9.1% per year).

Export Prices by Country

The average export price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, with an increase of 22% against the previous year. In general, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.9% 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 +90.9% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 56%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Algeria ($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 Switzerland (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into Belgium

In 2022, after two years of growth, there was significant decline in overseas purchases of pure polyvinyl chloride in primary forms, when their volume decreased by -28.1% to X tons. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 66% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of pure polyvinyl chloride in primary forms declined dramatically to $X in 2022. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 +33.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 59%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of imports of pure polyvinyl chloride in primary forms to Belgium, with a combined 75% share of total imports. Mexico, the United States and Sweden lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +21.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pure polyvinyl chloride in primary forms suppliers to Belgium were France ($X), Germany ($X) and the Netherlands ($X), with a combined 73% share of total imports. Mexico, the United States and Sweden lagged somewhat behind, together comprising a further 22%.

The United States, with a CAGR of +17.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, surging by 17% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% 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 +78.0% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 52% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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