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

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

The Hong Kong market for non-plasticised mixed polyvinyl chloride in primary forms fell notably to $X in 2022, which is down by -17.6% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

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

In value terms, production of non-plasticised mixed polyvinyl chloride in primary forms declined modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable expansion. The growth pace was the most rapid in 2015 with an increase of 58%. Production of peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from Hong Kong SAR, China

In 2022, the amount of non-plasticised mixed polyvinyl chloride in primary forms exported from Hong Kong SAR dropped notably to X tons, with a decrease of -47% on the previous year's figure. Overall, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2016 when exports increased by 212% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of non-plasticised mixed polyvinyl chloride in primary forms reduced rapidly to $X in 2022. In general, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 189%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The Philippines (X tons) and China (X tons) were the main destinations of exports of non-plasticised mixed polyvinyl chloride in primary forms from Hong Kong SAR.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +28.8%).

In value terms, the Philippines ($X) and China ($X) appeared to be the largest markets for non-plasticised mixed polyvinyl chloride in primary forms exported from Hong Kong SAR worldwide.

The Philippines, with a CAGR of +24.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average export price for non-plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, leveling off at the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2021 when the average export price increased by 19% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted slightly in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the Philippines totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.9%).

Imports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into Hong Kong SAR, China

In 2022, supplies from abroad of non-plasticised mixed polyvinyl chloride in primary forms decreased by -99.6% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 1,167% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of non-plasticised mixed polyvinyl chloride in primary forms dropped significantly to $X in 2022. Over the period under review, imports saw a dramatic curtailment. The pace of growth was the most pronounced in 2013 with an increase of 714%. Over the period under review, imports of reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main supplier of non-plasticised mixed polyvinyl chloride in primary forms to Hong Kong SAR, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -11.3%.

In value terms, China ($X) constituted the largest supplier of non-plasticised mixed polyvinyl chloride in primary forms to Hong Kong SAR.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -9.6%.

Import Prices by Country

In 2022, the average import price for non-plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, increasing by 31% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 non-plasticised mixed polyvinyl chloride in primary forms increased by +58.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 48% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +6.7% per year.

Source: IndexBox Platform

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