Europe: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in Europe

In 2022, the Europe polyvinyl chloride market increased by 6.3% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +76.8% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Polyvinyl Chloride Production in Europe

In value terms, polyvinyl chloride production fell dramatically to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by 59% against the previous year. As a result, production attained the peak level of $X, and then dropped dramatically in the following year.

Polyvinyl Chloride Exports

Exports in Europe

After three years of growth, overseas shipments of polyvinyl chloride decreased by -8% to X tons in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 6.8% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then reduced in the following year.

In value terms, polyvinyl chloride exports declined modestly to $X in 2022. Total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +58.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year. As a result, the exports attained the peak of $X, and then reduced slightly in the following year.

Exports by Country

The biggest shipments were from Germany (X tons), France (X tons), the Netherlands (X tons) and Belgium (X tons), together reaching 59% of total export. Spain (X tons) held a 5.7% share (based on physical terms) of total exports, which put it in second place, followed by Ukraine (5.4%) and Russia (4.9%). Hungary (X tons), Sweden (X tons), Poland (X tons), Portugal (X tons), Italy (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Russia (with a CAGR of +28.1%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Belgium ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 50% of total exports. The Netherlands, Spain, Sweden, Hungary, Italy, Portugal, Russia, Poland, the Czech Republic and Ukraine lagged somewhat behind, together accounting for a further 44%.

In terms of the main exporting countries, Russia, with a CAGR of +23.1%, recorded the highest growth rate of 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

In 2022, the export price in Europe amounted to $X per ton, rising by 5.1% against the previous year. Export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyvinyl chloride export price increased by +71.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 63% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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 Italy ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.3%), while the other leaders experienced more modest paces of growth.

Polyvinyl Chloride Imports

Imports in Europe

In 2022, approx. X tons of polyvinyl chloride were imported in Europe; reducing by -7.9% on the previous year's figure. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year. As a result, imports reached the peak of X tons, and then reduced in the following year.

In value terms, polyvinyl chloride imports expanded rapidly to $X in 2022. Total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 80%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

Germany (X tons) and Italy (X tons) were the main importers of polyvinyl chloride in 2022, resulting at near 15% and 15% of total imports, respectively. It was followed by Belgium (X tons), Poland (X tons), the UK (X tons), France (X tons) and Russia (X tons), together creating a 38% share of total imports. The Netherlands (X tons), Spain (X tons), the Czech Republic (X tons), Romania (X tons), Belarus (X tons) and Ireland (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +5.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyvinyl chloride importing markets in Europe were Germany ($X), Italy ($X) and Poland ($X), together accounting for 40% of total imports. The UK, Belgium, France, Spain, Russia, the Netherlands, the Czech Republic, Romania, Belarus and Ireland lagged somewhat behind, together comprising a further 44%.

In terms of the main importing countries, Spain, with a CAGR of +9.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, surging by 15% against the previous year. Import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyvinyl chloride import price increased by +76.9% against 2020 indices. The growth pace was the most rapid in 2021 when the import price increased by 53%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

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 Belarus ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform