Brazil: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in Brazil

The Brazilian polyvinyl chloride market declined remarkably to $X in 2022, shrinking by -16.6% against the previous year. Over the period under review, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +48.8% against 2020 indices. As a result, consumption reached the peak level of $X, and then dropped dramatically in the following year.

Polyvinyl Chloride Production in Brazil

In value terms, polyvinyl chloride production reduced sharply to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable curtailment. The growth pace was the most rapid in 2021 when the production volume increased by 86%. Polyvinyl chloride production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Polyvinyl Chloride Exports

Exports from Brazil

In 2022, approx. X tons of polyvinyl chloride were exported from Brazil; declining by -15.9% against 2021 figures. In general, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 492% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, polyvinyl chloride exports dropped to $X in 2022. Overall, exports, however, enjoyed resilient growth. The growth pace was the most rapid in 2015 with an increase of 249%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Argentina (X tons), Bolivia (X tons) and Paraguay (X tons) were the main destinations of polyvinyl chloride exports from Brazil, together accounting for 58% of total exports. Uruguay, Morocco, Turkey, Peru and India lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +39.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyvinyl chloride exported from Brazil were Argentina ($X), Bolivia ($X) and Paraguay ($X), together accounting for 60% of total exports. Uruguay, Morocco, Peru, Turkey and India lagged somewhat behind, together accounting for a further 27%.

Peru, with a CAGR of +37.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average polyvinyl chloride export price stood at $X per ton in 2022, growing by 3.8% against the previous year. In general, the export price, however, showed a mild slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by 84% against the previous year. 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 Peru ($X per ton), while the average price for exports to India ($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 India (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Polyvinyl Chloride Imports

Imports into Brazil

In 2022, approx. X tons of polyvinyl chloride were imported into Brazil; declining by -41.1% compared with the previous year. In general, imports saw a slight downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 46% against the previous year. As a result, imports attained the peak of X tons, and then contracted markedly in the following year.

In value terms, polyvinyl chloride imports fell markedly to $X in 2022. Overall, imports, however, showed a moderate increase. The most prominent rate of growth was recorded in 2021 with an increase of 127%. As a result, imports reached the peak of $X, and then declined dramatically in the following year.

Imports by Country

In 2022, Colombia (X tons) constituted the largest supplier of polyvinyl chloride to Brazil, with a 54% share of total imports. Moreover, polyvinyl chloride imports from Colombia exceeded the figures recorded by the second-largest supplier, Argentina (X tons), fivefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Colombia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-7.6% per year) and Taiwan (Chinese) (+1.0% per year).

In value terms, Colombia ($X) constituted the largest supplier of polyvinyl chloride to Brazil, comprising 54% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 11% share of total imports. It was followed by Argentina, with an 8% share.

From 2012 to 2022, the average annual growth rate of value from Colombia amounted to +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+6.7% per year) and Argentina (-6.6% per year).

Import Prices by Country

The average polyvinyl chloride import price stood at $X per ton in 2022, approximately mirroring the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.4% 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 +65.0% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 55%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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 Uruguay ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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