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

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

In 2022, the Indian market for non-plasticised mixed polyvinyl chloride in primary forms increased by 32% to $X, rising for the second year in a row after four years of decline. Overall, consumption, however, faced a precipitous decline. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from India

Exports of non-plasticised mixed polyvinyl chloride in primary forms from India shrank notably to X tons in 2022, reducing by -29% against 2021 figures. Overall, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2016 when exports increased by 191%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of non-plasticised mixed polyvinyl chloride in primary forms skyrocketed to $X in 2022. In general, exports faced a deep contraction. The pace of growth appeared the most rapid in 2015 when exports increased by 154%. Over the period under review, the exports of hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Kenya (X tons), Ghana (X tons) and the United States (X tons) were the main destinations of exports of non-plasticised mixed polyvinyl chloride in primary forms from India, together comprising 67% of total exports.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of +42.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-plasticised mixed polyvinyl chloride in primary forms exported from India were Ghana ($X), the United States ($X) and Kenya ($X), together accounting for 76% of total exports.

Among the main countries of destination, Ghana, with a CAGR of +49.8%, recorded 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

In 2022, the average export price for non-plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, growing by 72% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. 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 stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while the average price for exports to Nepal ($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 Taiwan (Chinese) (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into India

In 2022, supplies from abroad of non-plasticised mixed polyvinyl chloride in primary forms increased by 35% to X tons, rising for the second consecutive year after four years of decline. Overall, imports, however, faced a dramatic shrinkage. The growth pace was the most rapid in 2021 with an increase of 81% against the previous year. Imports peaked 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 soared to $X in 2022. In general, imports, however, continue to indicate a significant contraction. The growth pace was the most rapid in 2021 when imports increased by 124%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of non-plasticised mixed polyvinyl chloride in primary forms to India, accounting for a 52% share of total imports. Moreover, imports of non-plasticised mixed polyvinyl chloride in primary forms from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. The third position in this ranking was taken by Thailand (X tons), with an 8% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+12.2% per year) and Thailand (-15.2% per year).

In value terms, China ($X) constituted the largest supplier of non-plasticised mixed polyvinyl chloride in primary forms to India, comprising 64% of total imports. The second position in the ranking was held by Thailand ($X), with a 7.1% share of total imports. It was followed by Germany, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-13.2% per year) and Germany (-30.2% per year).

Import Prices by Country

In 2022, the average import price for non-plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, shrinking by -4.7% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 +70.9% against 2016 indices. The pace of growth appeared the most rapid in 2021 an increase of 23% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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