Eastern Asia: Market for Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip 2024

Market Size for Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip in Eastern Asia

The East Asian non-cellular polyvinyl chloride film market reduced to $X in 2022, waning by -5.1% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -14.9% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip in Eastern Asia

In value terms, non-cellular polyvinyl chloride film production reduced to $X in 2022 estimated in export price. The total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.1% against 2019 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 21%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip

Exports in Eastern Asia

In 2022, shipments abroad of non-cellular polyvinyl chloride films, sheets, foil and strip increased by 10% to X tons, rising for the sixth year in a row after two years of decline. Total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.1% 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 +98.2% against 2016 indices. The growth pace was the most rapid in 2017 when exports increased by 29% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, non-cellular polyvinyl chloride film exports expanded remarkably to $X in 2022. Total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.6% 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 +90.4% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of 36%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

China prevails in exports structure, reaching X tons, which was approx. 83% of total exports in 2022. South Korea (X tons) held a 7.3% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (6.4%). Japan (X tons) held a minor share of total exports.

China was also the fastest-growing in terms of the non-cellular polyvinyl chloride films, sheets, foil and strip exports, with a CAGR of +10.0% from 2012 to 2022. At the same time, Japan (+1.9%) displayed positive paces of growth. South Korea experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-4.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +25 percentage points.

In value terms, China ($X) remains the largest non-cellular polyvinyl chloride film supplier in Eastern Asia, comprising 75% of total exports. The second position in the ranking was held by South Korea ($X), with a 10% share of total exports. It was followed by Taiwan (Chinese), with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +13.3%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+0.2% per year) and Taiwan (Chinese) (-0.1% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, surging by 3% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by 14%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.2%), while the other leaders experienced more modest paces of growth.

Imports of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip

Imports in Eastern Asia

In 2022, the amount of non-cellular polyvinyl chloride films, sheets, foil and strip imported in Eastern Asia contracted to X tons, dropping by -10.1% on the previous year. Over the period under review, imports showed a mild decline. The growth pace was the most rapid in 2021 when imports increased by 12% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, non-cellular polyvinyl chloride film imports dropped modestly to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 20%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons) and Taiwan (Chinese) (X tons) were the main importers of non-cellular polyvinyl chloride films, sheets, foil and strip in 2022, recording approx. 35% and 26% of total imports, respectively. It was distantly followed by South Korea (X tons), Japan (X tons) and Hong Kong SAR (X tons), together creating a 36% share of total imports. Democratic People's Republic of Korea (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Democratic People's Republic of Korea (with a CAGR of +14.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported non-cellular polyvinyl chloride films, sheets, foil and strip in Eastern Asia, comprising 46% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 18% share of total imports. It was followed by South Korea, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China was relatively modest. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+5.1% per year) and South Korea (+3.5% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, growing by 9.5% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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