China: Market for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in China

The Chinese market for rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Vinyl chloride polymer rigid pipes consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in China

In value terms, vinyl chloride polymer rigid pipes production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 6.6%. Vinyl chloride polymer rigid pipes production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from China

Vinyl chloride polymer rigid pipes exports from China reached X tons in 2022, picking up by 7.4% on the previous year. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 30% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, vinyl chloride polymer rigid pipes exports soared to $X in 2022. In general, total exports indicated a notable expansion 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 +103.5% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of 36%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Indonesia (X tons), Australia (X tons) and the United States (X tons) were the main destinations of vinyl chloride polymer rigid pipes exports from China, together accounting for 17% of total exports. Singapore, Myanmar, Thailand, Nigeria, Mexico, Cambodia, Tanzania, Mongolia, Vietnam and the Philippines lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cambodia (with a CAGR of +33.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vinyl chloride polymer rigid pipes exported from China were Australia ($X), the United States ($X) and Singapore ($X), together comprising 21% of total exports. Thailand, Indonesia, Myanmar, Vietnam, Nigeria, Mexico, the Philippines, Cambodia, Tanzania and Mongolia lagged somewhat behind, together comprising a further 28%.

Among the main countries of destination, Cambodia, with a CAGR of +32.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, picking up by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Mongolia ($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 the Philippines (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into China

In 2022, supplies from abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride increased by 13% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports recorded tangible growth. The pace of growth was the most pronounced in 2013 with an increase of 89% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, vinyl chloride polymer rigid pipes imports surged to $X in 2022. Overall, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of 119%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X tons), South Korea (X tons) and Japan (X tons) were the main suppliers of vinyl chloride polymer rigid pipes imports to China, with a combined 39% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +52.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Japan ($X) and Switzerland ($X) appeared to be the largest vinyl chloride polymer rigid pipes suppliers to China, together accounting for 38% of total imports.

Switzerland, with a CAGR of +43.2%, saw 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

In 2022, the average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, increasing by 2.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2021 an increase of 23%. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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