China: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in China

The Chinese market for pure polyvinyl chloride in primary forms reduced slightly to $X in 2022, shrinking by -4.6% against the previous year. In general, consumption showed a perceptible shrinkage. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Pure Polyvinyl Chloride in Primary Forms in China

In value terms, production of pure polyvinyl chloride in primary forms amounted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 14% against the previous year. Over the period under review, production of reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from China

In 2022, shipments abroad of pure polyvinyl chloride in primary forms increased by 13% to X tons, rising for the third consecutive year after two years of decline. In general, exports saw resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 180% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, exports of pure polyvinyl chloride in primary forms expanded rapidly to $X in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 300%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

India (X tons) was the main destination for exports of pure polyvinyl chloride in primary forms from China, accounting for a 29% share of total exports. Moreover, exports of pure polyvinyl chloride in primary forms to India exceeded the volume sent to the second major destination, Vietnam (X tons), threefold. The third position in this ranking was held by Russia (X tons), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume to India stood at +21.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+47.4% per year) and Russia (+3.8% per year).

In value terms, India ($X) remains the key foreign market for pure polyvinyl chloride in primary forms exports from China, comprising 28% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 9.9% share of total exports. It was followed by Russia, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value to India totaled +23.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+47.1% per year) and Russia (+6.8% per year).

Export Prices by Country

In 2022, the average export price for pure polyvinyl chloride in primary forms amounted to $X per ton, dropping by -7% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.2% 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 +48.9% against 2015 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 43%. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Myanmar ($X per ton) and Turkey ($X per ton), while the average price for exports to Kazakhstan ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into China

In 2022, approx. X tons of pure polyvinyl chloride in primary forms were imported into China; dropping by -10.6% compared with the year before. Over the period under review, imports recorded a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 37%. Over the period under review, imports of attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of pure polyvinyl chloride in primary forms shrank remarkably to $X in 2022. In general, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2020 when imports increased by 32% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), Japan (X tons) and Germany (X tons) were the main suppliers of imports of pure polyvinyl chloride in primary forms to China, with a combined 44% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +8.8%), while purchases for the other leaders experienced a decline.

In value terms, Japan ($X), the United States ($X) and Germany ($X) appeared to be the largest pure polyvinyl chloride in primary forms suppliers to China, together comprising 46% of total imports.

Germany, with a CAGR of +11.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, shrinking by -13.4% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.8% 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 +43.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 65% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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