Eastern Asia: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in Eastern Asia

In 2022, the East Asian polyvinyl chloride market decreased by -0.7% to $X for the first time since 2019, thus ending a two-year rising trend. The total consumption indicated a perceptible 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, consumption increased by +77.5% against 2015 indices. As a result, consumption attained the peak level of $X, leveling off in the following year.

Polyvinyl Chloride Production in Eastern Asia

In value terms, polyvinyl chloride production dropped to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +72.4% against 2015 indices. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. As a result, production attained the peak level of $X, and then reduced in the following year.

Polyvinyl Chloride Exports

Exports in Eastern Asia

In 2022, shipments abroad of polyvinyl chloride increased by 4.7% to X tons, rising for the third year in a row after two years of decline. Total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.5% 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 +43.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 34% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, polyvinyl chloride exports reduced to $X in 2022. In general, exports saw a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 97% against the previous year. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

In 2022, China (X tons) was the main exporter of polyvinyl chloride, generating 49% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), Japan (X tons) and South Korea (X tons), together committing a 50% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +18.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest polyvinyl chloride supplier in Eastern Asia, comprising 53% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 24% share of total exports. It was followed by Japan, with a 12% share.

In China, polyvinyl chloride exports increased at an average annual rate of +20.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+3.5% per year) and Japan (+7.7% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, which is down by -10.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2021 when the export price increased by 47%. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in China ($X per ton) and Japan ($X per ton), while Taiwan (Chinese) ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.2%), while the other leaders experienced more modest paces of growth.

Polyvinyl Chloride Imports

Imports in Eastern Asia

In 2022, the amount of polyvinyl chloride imported in Eastern Asia reduced to X tons, falling by -7.9% on 2021 figures. In general, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2020 when imports increased by 18%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, polyvinyl chloride imports fell dramatically to $X in 2022. Over the period under review, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of 19%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China was the key importer of polyvinyl chloride in Eastern Asia, with the volume of imports recording X tons, which was approx. 78% of total imports in 2022. South Korea (X tons) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (5.9%) and Hong Kong SAR (4.8%).

From 2012 to 2022, average annual rates of growth with regard to polyvinyl chloride imports into China stood at -8.2%. At the same time, Taiwan (Chinese) (+4.4%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +4.4% from 2012-2022. By contrast, South Korea (-4.7%) and Hong Kong SAR (-10.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Taiwan (Chinese) and South Korea increased by +4.2 and +2.9 percentage points, respectively.

In value terms, China ($X) constitutes the largest market for imported polyvinyl chloride in Eastern Asia, comprising 78% of total imports. The second position in the ranking was held by South Korea ($X), with an 8.6% share of total imports. It was followed by Hong Kong SAR, with a 5.3% share.

In China, polyvinyl chloride imports plunged by an average annual rate of -6.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-3.4% per year) and Hong Kong SAR (-9.9% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, with a decrease of -8.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2021 when the import price increased by 52%. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Hong Kong SAR ($X per ton) and China ($X per ton), while South Korea ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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