India: Market for Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Plasticised Mixed Polyvinyl Chloride in Primary Forms in India

The Indian market for plasticised mixed polyvinyl chloride in primary forms declined to $X in 2022, leveling off at the previous year. In general, consumption showed a perceptible contraction. The growth pace was the most rapid in 2017 when the market value increased by 3.7%. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Plasticised Mixed Polyvinyl Chloride in Primary Forms in India

In value terms, production of plasticised mixed polyvinyl chloride in primary forms contracted slightly to $X in 2022 estimated in export price. In general, production recorded a pronounced contraction. The pace of growth was the most pronounced in 2017 with an increase of 8% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from India

In 2022, after four years of growth, there was significant decline in shipments abroad of plasticised mixed polyvinyl chloride in primary forms, when their volume decreased by -11.4% to X tons. Over the period under review, exports, however, saw resilient growth. The pace of growth appeared the most rapid in 2013 when exports increased by 39%. The exports peaked at X tons in 2021, and then fell in the following year.

In value terms, exports of plasticised mixed polyvinyl chloride in primary forms reduced to $X in 2022. In general, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2013 when exports increased by 46% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Nigeria (X tons), Nepal (X tons) and Kenya (X tons) were the main destinations of exports of plasticised mixed polyvinyl chloride in primary forms from India, together accounting for 58% of total exports. Sri Lanka, Qatar, Bangladesh, the United Arab Emirates, Israel, Uganda, Angola, Democratic Republic of the Congo, the United States and Saudi Arabia lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Angola (with a CAGR of +175.0%), while the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Nepal ($X) and Sri Lanka ($X) appeared to be the largest markets for plasticised mixed polyvinyl chloride in primary forms exported from India worldwide, together accounting for 55% of total exports. Kenya, Bangladesh, the United Arab Emirates, Qatar, Israel, Uganda, Angola, Democratic Republic of the Congo, Saudi Arabia and the United States lagged somewhat behind, together comprising a further 38%.

Angola, with a CAGR of +181.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 37% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+6.5%), 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 India

Imports of plasticised mixed polyvinyl chloride in primary forms into India totaled X tons in 2022, with an increase of 3% compared with the year before. In general, imports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2019 when imports increased by 98% against the previous year. Over the period under review, imports of hit record highs at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, imports of plasticised mixed polyvinyl chloride in primary forms soared to $X in 2022. Overall, imports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2019 with an increase of 54% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Thailand (X tons) and Vietnam (X tons) were the main suppliers of imports of plasticised mixed polyvinyl chloride in primary forms to India, with a combined 43% share of total imports. Belgium, Germany, the United Arab Emirates, the Philippines, Portugal, the United States, South Korea, Malaysia and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +56.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plasticised mixed polyvinyl chloride in primary forms suppliers to India were Thailand ($X), China ($X) and Vietnam ($X), together comprising 55% of total imports. The United Arab Emirates, Portugal, Germany, Belgium, the Philippines, the United States, South Korea, Malaysia and Taiwan (Chinese) lagged somewhat behind, together comprising a further 37%.

The Philippines, with a CAGR of +43.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, with an increase of 23% against the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.3% 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 plasticised mixed polyvinyl chloride in primary forms increased by +19.3% against 2018 indices. The growth pace was the most rapid in 2018 an increase of 37% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Belgium ($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 (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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