Eastern Asia: Market for Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Plasticised Mixed Polyvinyl Chloride in Primary Forms in Eastern Asia

In 2022, the East Asian market for plasticised mixed polyvinyl chloride in primary forms decreased by -1.1% to $X, falling for the third consecutive year after four years of growth. Over the period under review, consumption recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 4.8%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Plasticised Mixed Polyvinyl Chloride in Primary Forms in Eastern Asia

In value terms, production of plasticised mixed polyvinyl chloride in primary forms stood at $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 4.3% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports in Eastern Asia

After three years of growth, overseas shipments of plasticised mixed polyvinyl chloride in primary forms decreased by -1.6% to X tons in 2022. Total exports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.9% 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 +59.5% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, exports of plasticised mixed polyvinyl chloride in primary forms stood at $X in 2022. In general, exports, however, recorded noticeable growth. The most prominent rate of growth was recorded in 2021 when exports increased by 44% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

In 2022, China (X tons) was the major exporter of plasticised mixed polyvinyl chloride in primary forms, mixing up 73% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), South Korea (X tons) and Japan (X tons), together achieving a 23% share of total exports. Hong Kong SAR (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the plasticised mixed polyvinyl chloride in primary forms exports, with a CAGR of +16.0% from 2012 to 2022. Japan experienced a relatively flat trend pattern. South Korea (-3.1%), Hong Kong SAR (-11.3%) and Taiwan (Chinese) (-12.0%) illustrated a downward trend over the same period. China (+53 p.p.) significantly strengthened its position in terms of the total exports, while South Korea, Hong Kong SAR and Taiwan (Chinese) saw its share reduced by -4.3%, -12.3% and -35% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plasticised mixed polyvinyl chloride in primary forms supplier in Eastern Asia, comprising 77% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 7.8% share of total exports. It was followed by Japan, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +18.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (-12.1% per year) and Japan (-6.4% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, with an increase of 5.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2021 when the export price increased by 9.3%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while Taiwan (Chinese) ($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 (+3.4%), while the other leaders experienced more modest paces of growth.

Imports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports in Eastern Asia

In 2022, supplies from abroad of plasticised mixed polyvinyl chloride in primary forms decreased by -18.1% to X tons, falling for the third year in a row after two years of growth. Overall, imports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 12% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, imports of plasticised mixed polyvinyl chloride in primary forms declined to $X in 2022. In general, imports showed a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of 17%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China was the main importing country with an import of around X tons, which resulted at 58% of total imports. Hong Kong SAR (X tons) took an 18% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (10%) and South Korea (9%). Japan (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to plasticised mixed polyvinyl chloride in primary forms imports into China stood at -2.2%. At the same time, Taiwan (Chinese) (+4.6%) and South Korea (+1.9%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +4.6% from 2012-2022. By contrast, Japan (-7.0%) and Hong Kong SAR (-9.2%) illustrated a downward trend over the same period. While the share of China (+6.7 p.p.), Taiwan (Chinese) (+5.6 p.p.) and South Korea (+3.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hong Kong SAR (-15.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported plasticised mixed polyvinyl chloride in primary forms in Eastern Asia, comprising 65% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 14% share of total imports. It was followed by Japan, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to -1.1%. In the other countries, the average annual rates were as follows: Hong Kong SAR (-8.2% per year) and Japan (-0.2% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, with an increase of 10% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2021 an increase of 36%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($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 (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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