China: Market for Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Plasticised Mixed Polyvinyl Chloride in Primary Forms in China

The Chinese market for plasticised mixed polyvinyl chloride in primary forms stood at $X in 2022, stabilizing at the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Plasticised Mixed Polyvinyl Chloride in Primary Forms in China

In value terms, production of plasticised mixed polyvinyl chloride in primary forms rose to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 13% against the previous year. Over the period under review, production of attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from China

In 2022, the amount of plasticised mixed polyvinyl chloride in primary forms exported from China rose markedly to X tons, picking up by 9.6% compared with the year before. Over the period under review, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 36%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of plasticised mixed polyvinyl chloride in primary forms surged to $X in 2022. Overall, exports posted a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 49% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Vietnam (X tons) was the main destination for exports of plasticised mixed polyvinyl chloride in primary forms from China, accounting for a 20% share of total exports. Moreover, exports of plasticised mixed polyvinyl chloride in primary forms to Vietnam exceeded the volume sent to the second major destination, Nigeria (X tons), twofold. The Philippines (X tons) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Vietnam amounted to +31.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+27.5% per year) and the Philippines (+14.5% per year).

In value terms, Vietnam ($X) remains the key foreign market for plasticised mixed polyvinyl chloride in primary forms exports from China, comprising 19% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 7% share of total exports. It was followed by Nigeria, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value to Vietnam stood at +32.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+17.8% per year) and Nigeria (+29.4% per year).

Export Prices by Country

In 2022, the average export price for plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, surging by 5.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2021 an increase of 12% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Djibouti ($X per ton), while the average price for exports to Kenya ($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 Djibouti (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into China

In 2022, overseas purchases of plasticised mixed polyvinyl chloride in primary forms decreased by -5.4% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports showed a pronounced decline. The growth pace was the most rapid in 2016 when imports increased by 23% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of plasticised mixed polyvinyl chloride in primary forms stood at $X in 2022. Overall, imports saw a slight downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 5.7%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X tons), Japan (X tons) and South Korea (X tons) were the main suppliers of imports of plasticised mixed polyvinyl chloride in primary forms to China, with a combined 38% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +37.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plasticised mixed polyvinyl chloride in primary forms suppliers to China were Germany ($X), the United States ($X) and Japan ($X), with a combined 38% share of total imports. South Korea, Singapore, Vietnam, Thailand, Malaysia, the UK, Indonesia and the Philippines lagged somewhat behind, together accounting for a further 38%.

Malaysia, with a CAGR of +24.5%, recorded the highest rates of growth with regard to 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 plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, picking up by 6.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2021 an increase of 55% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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