India: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in India

The Indian polyvinyl chloride market reached $X in 2022, remaining constant against the previous year. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +69.1% against 2020 indices. Polyvinyl chloride consumption peaked in 2022 and is likely to see steady growth in years to come.

Polyvinyl Chloride Production in India

In value terms, polyvinyl chloride production contracted rapidly to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2021 when the production volume increased by 91% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Polyvinyl Chloride Exports

Exports from India

In 2022, the amount of polyvinyl chloride exported from India reduced to X tons, which is down by -13.4% against the previous year's figure. Over the period under review, exports, however, posted a buoyant increase. The growth pace was the most rapid in 2020 when exports increased by 388% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, polyvinyl chloride exports fell to $X in 2022. Overall, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 224% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Nigeria (X tons), Nepal (X tons) and Kenya (X tons) were the main destinations of polyvinyl chloride exports from India, together comprising 47% of total exports. Sri Lanka, Turkey, Qatar, Spain, Israel, Bangladesh, Portugal, Uganda, the United States and Angola lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +289.6%), 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 polyvinyl chloride exported from India worldwide, together comprising 46% of total exports. Kenya, Bangladesh, Turkey, Spain, Israel, Portugal, Qatar, Uganda, the United States and Angola lagged somewhat behind, together accounting for a further 38%.

Among the main countries of destination, Portugal, with a CAGR of +247.3%, saw 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

The average polyvinyl chloride export price stood at $X per ton in 2022, leveling off at the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 101%. The export price peaked 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 ($X per ton), while the average price for exports to Qatar ($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 Spain (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Polyvinyl Chloride Imports

Imports into India

In 2022, imports of polyvinyl chloride into India amounted to X tons, increasing by 9.1% on 2021 figures. Overall, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.4% 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 +17.3% against 2020 indices. The pace of growth was the most pronounced in 2016 when imports increased by 20% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, polyvinyl chloride imports amounted to $X in 2022. Over the period under review, imports posted a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by 74% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

China (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of polyvinyl chloride imports to India, together accounting for 65% of total imports. South Korea, Thailand, the United States, Indonesia and Germany lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +43.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyvinyl chloride suppliers to India were China ($X), Japan ($X) and Taiwan (Chinese) ($X), together comprising 68% of total imports. South Korea, Thailand, the United States, Indonesia and Germany lagged somewhat behind, together accounting for a further 25%.

Among the main suppliers, Indonesia, with a CAGR of +46.1%, 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

In 2022, the average polyvinyl chloride import price amounted to $X per ton, shrinking by -5.4% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% 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 +53.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 62% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per ton) and China ($X per ton), while the price for the United States ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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