Hong Kong SAR, China: Market for Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Plasticised Mixed Polyvinyl Chloride in Primary Forms in Hong Kong SAR, China

The Hong Kong market for plasticised mixed polyvinyl chloride in primary forms contracted notably to $X in 2022, shrinking by -45.4% against the previous year. Overall, consumption, however, continues to indicate a noticeable expansion. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Plasticised Mixed Polyvinyl Chloride in Primary Forms in Hong Kong SAR, China

In value terms, production of plasticised mixed polyvinyl chloride in primary forms fell sharply to $X in 2022 estimated in export price. Overall, production, however, recorded notable growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 344%. As a result, production attained the peak level of $X. From 2020 to 2022, production of growth failed to regain momentum.

Exports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from Hong Kong SAR, China

In 2022, the amount of plasticised mixed polyvinyl chloride in primary forms exported from Hong Kong SAR fell remarkably to X tons, waning by -48.8% compared with the previous year. In general, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 13%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, exports of plasticised mixed polyvinyl chloride in primary forms contracted significantly to $X in 2022. Overall, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 25%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons), Vietnam (X tons) and Thailand (X tons) were the main destinations of exports of plasticised mixed polyvinyl chloride in primary forms from Hong Kong SAR, together accounting for 97% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +19.3%), while the other leaders experienced a decline.

In value terms, the largest markets for plasticised mixed polyvinyl chloride in primary forms exported from Hong Kong SAR were China ($X), Vietnam ($X) and Thailand ($X), together accounting for 96% of total exports.

Vietnam, with a CAGR of +20.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, rising by 11% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 24% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($X per ton) and Indonesia ($X per ton), while the average price for exports to Vietnam ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into Hong Kong SAR, China

In 2022, the amount of plasticised mixed polyvinyl chloride in primary forms imported into Hong Kong SAR dropped remarkably to X tons, with a decrease of -53.8% on 2021 figures. Overall, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2013 when imports increased by 35% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of plasticised mixed polyvinyl chloride in primary forms contracted notably to $X in 2022. In general, imports recorded a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by 55% against the previous year. Over the period under review, imports of attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of imports of plasticised mixed polyvinyl chloride in primary forms to Hong Kong SAR, together accounting for 79% of total imports. South Korea, Indonesia, the United States, Vietnam and Thailand lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +4.6%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) appeared to be the largest plasticised mixed polyvinyl chloride in primary forms suppliers to Hong Kong SAR, together comprising 73% of total imports. South Korea, the United States, Vietnam, Indonesia and Thailand lagged somewhat behind, together accounting for a further 22%.

Vietnam, with a CAGR of +11.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, with an increase of 6.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 22% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Indonesia ($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 United States (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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