Benelux: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in Benelux

The Benelux polyvinyl chloride market shrank notably to $X in 2022, with a decrease of -21.8% against the previous year. In general, consumption, however, saw temperate growth. As a result, consumption attained the peak level of $X, and then reduced sharply in the following year.

Polyvinyl Chloride Production in Benelux

In value terms, polyvinyl chloride production dropped significantly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 74% against the previous year. As a result, production attained the peak level of $X, and then declined notably in the following year.

Polyvinyl Chloride Exports

Exports in Benelux

Polyvinyl chloride exports rose to X tons in 2022, with an increase of 4.1% on 2021 figures. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 16%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, polyvinyl chloride exports expanded rapidly to $X in 2022. Total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +71.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 55%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The biggest shipments were from the Netherlands (X tons) and Belgium (X tons), together reaching 99.9% of total export.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +1.2%).

In value terms, Belgium ($X) and the Netherlands ($X) constituted the countries with the highest levels of exports in 2022.

Belgium, with a CAGR of +5.7%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, surging by 6.6% against the previous year. Export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyvinyl chloride export price increased by +87.4% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 76%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.4%).

Polyvinyl Chloride Imports

Imports in Benelux

In 2022, approx. X tons of polyvinyl chloride were imported in Benelux; with a decrease of -9.2% on the previous year. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 27% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, polyvinyl chloride imports expanded to $X in 2022. Total imports indicated a noticeable expansion from 2012 to 2022: its value 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, imports increased by +62.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Belgium represented the main importing country with an import of around X tons, which resulted at 65% of total imports. The Netherlands (X tons) ranks second in terms of the total imports with a 29% share, followed by Luxembourg (6.7%).

Belgium was also the fastest-growing in terms of the polyvinyl chloride imports, with a CAGR of +1.7% from 2012 to 2022. At the same time, Luxembourg (+1.1%) displayed positive paces of growth. By contrast, the Netherlands (-1.4%) illustrated a downward trend over the same period. While the share of Belgium (+6.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Netherlands (-6.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported polyvinyl chloride in Benelux, comprising 66% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium stood at +3.8%. In the other countries, the average annual rates were as follows: the Netherlands (-0.8% per year) and Luxembourg (+4.0% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, surging by 13% against the previous year. Import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.7% 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 +66.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when the import price increased by 48% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Luxembourg ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform