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

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

The Hong Kong market for pure polyvinyl chloride in primary forms soared to $X in 2022, picking up by 38% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

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

In value terms, production of pure polyvinyl chloride in primary forms totaled $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 69%. Production of peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from Hong Kong SAR, China

In 2022, overseas shipments of pure polyvinyl chloride in primary forms decreased by -67.2% to X tons, falling for the ninth year in a row after two years of growth. Overall, exports saw a sharp curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 8.1% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of pure polyvinyl chloride in primary forms contracted markedly to $X in 2022. Over the period under review, exports faced a abrupt setback. The growth pace was the most rapid in 2021 when exports increased by 27% against the previous year. 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) was the main destination for exports of pure polyvinyl chloride in primary forms from Hong Kong SAR, with a 96% share of total exports. Moreover, exports of pure polyvinyl chloride in primary forms to China exceeded the volume sent to the second major destination, Indonesia (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to China totaled -21.0%.

In value terms, China ($X) remains the key foreign market for pure polyvinyl chloride in primary forms exports from Hong Kong SAR, comprising 92% of total exports. The second position in the ranking was held by Indonesia ($X), with a 6.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at -19.5%.

Export Prices by Country

In 2022, the average export price for pure polyvinyl chloride in primary forms amounted to $X per ton, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 28% against the previous year. As a result, the export price attained the peak level of $X per ton, leveling off in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+2.4%).

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into Hong Kong SAR, China

After three years of decline, purchases abroad of pure polyvinyl chloride in primary forms increased by 56% to X tons in 2022. Over the period under review, imports, however, faced a abrupt decline. Imports peaked 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 skyrocketed to $X in 2022. In general, imports, however, continue to indicate a abrupt descent. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) constituted the largest supplier of pure polyvinyl chloride in primary forms to Hong Kong SAR, with a 54% share of total imports. Moreover, imports of pure polyvinyl chloride in primary forms from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. China (X tons) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Taiwan (Chinese) stood at -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-18.8% per year) and China (-6.8% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of pure polyvinyl chloride in primary forms to Hong Kong SAR, comprising 50% of total imports. The second position in the ranking was taken by Japan ($X), with a 20% share of total imports. It was followed by China, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Taiwan (Chinese) stood at -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-16.8% per year) and China (-7.3% per year).

Import Prices by Country

The average import price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, waning by -15.1% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 41%. As a result, import price reached the peak level of $X per ton, and then declined rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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