Eastern Asia: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Eastern Asia

In 2022, the East Asian market for pure polyvinyl chloride in primary forms decreased by -3.9% to $X, falling for the fourth consecutive year after three years of growth. Over the period under review, consumption continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2016 when the market value increased by 6.2% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Pure Polyvinyl Chloride in Primary Forms in Eastern Asia

In value terms, production of pure polyvinyl chloride in primary forms shrank to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 7.7% against the previous year. Over the period under review, production of hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports in Eastern Asia

For the fourth consecutive year, Eastern Asia recorded growth in overseas shipments of pure polyvinyl chloride in primary forms, which increased by 3.9% to X tons in 2022. Total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +7.6% 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 +33.5% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, exports of pure polyvinyl chloride in primary forms dropped to $X in 2022. Over the period under review, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 107% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

China represented the major exporter of pure polyvinyl chloride in primary forms in Eastern Asia, with the volume of exports resulting at X tons, which was near 46% of total exports in 2022. Taiwan (Chinese) (X tons) ranks second in terms of the total exports with a 28% share, followed by Japan (13%) and South Korea (12%).

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +18.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest pure polyvinyl chloride in primary forms supplying countries in Eastern Asia were China ($X), Taiwan (Chinese) ($X) and Japan ($X), together accounting for 88% of total exports.

China, with a CAGR of +20.6%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, declining by -12.9% against the previous year. Export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 +35.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when the export price increased by 53%. As a result, the export price reached the peak level of $X per ton, and then fell 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.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports in Eastern Asia

Imports of pure polyvinyl chloride in primary forms declined to X tons in 2022, which is down by -8.5% compared with 2021. Overall, imports showed a abrupt slump. The growth pace was the most rapid in 2020 when imports increased by 30%. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of pure polyvinyl chloride in primary forms reduced dramatically to $X in 2022. Over the period under review, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 25%. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China dominates forms structure, recording X tons, which was near 85% of total imports in 2022. South Korea (X tons) ranks second in terms of the total imports with a 6.7% share, followed by Taiwan (Chinese) (4.8%). Hong Kong SAR (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to pure polyvinyl chloride in primary forms imports into China stood at -8.4%. At the same time, Taiwan (Chinese) (+7.5%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +7.5% from 2012-2022. By contrast, South Korea (-10.5%) and Hong Kong SAR (-12.4%) illustrated a downward trend over the same period. Taiwan (Chinese) (+3.8 p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR and South Korea saw its share reduced by -1.5% and -1.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported pure polyvinyl chloride in primary forms in Eastern Asia, comprising 84% of total imports. The second position in the ranking was taken by South Korea ($X), with a 7.8% share of total imports. It was followed by Taiwan (Chinese), with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value in China totaled -6.7%. In the other countries, the average annual rates were as follows: South Korea (-6.8% per year) and Taiwan (Chinese) (+10.0% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, declining by -12.5% against the previous year. Import price indicated a modest expansion from 2012 to 2022: its price 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, import price for pure polyvinyl chloride in primary forms increased by +43.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when the import price increased by 65%. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

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

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

Source: IndexBox Platform

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