India: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in India

The Indian market for pure polyvinyl chloride in primary forms reached $X in 2022, increasing by 4.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate significant growth. Consumption of peaked in 2022 and is likely to continue growth in years to come.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from India

In 2022, exports of pure polyvinyl chloride in primary forms from India reduced notably to X tons, declining by -16.8% against the previous year's figure. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 5,051%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of pure polyvinyl chloride in primary forms dropped markedly to $X in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 2,822% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for exports of pure polyvinyl chloride in primary forms from India, accounting for a 40% share of total exports. Moreover, exports of pure polyvinyl chloride in primary forms to the United Arab Emirates exceeded the volume sent to the second major destination, Spain (X tons), fourfold. Turkey (X tons) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at +47.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+469.9% per year) and Turkey (+13.4% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for pure polyvinyl chloride in primary forms exports from India, comprising 41% of total exports. The second position in the ranking was taken by Spain ($X), with an 11% share of total exports. It was followed by Turkey, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at +45.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+421.5% per year) and Turkey (-2.2% per year).

Export Prices by Country

The average export price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, declining by -7.1% against the previous year. Over the period under review, the export price recorded a slight downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 139% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Portugal ($X per ton) and Spain ($X per ton), while the average price for exports to China ($X per ton) and Sri Lanka ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+4.0%), while the prices for the other major destinations experienced a decline.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into India

In 2022, the amount of pure polyvinyl chloride in primary forms imported into India expanded markedly to X tons, picking up by 9.1% on the previous year. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2015 with an increase of 157% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of pure polyvinyl chloride in primary forms rose slightly to $X in 2022. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 129%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of imports of pure polyvinyl chloride in primary forms to India, with a combined 65% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +94.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pure polyvinyl chloride in primary forms suppliers to India were China ($X), Japan ($X) and Taiwan (Chinese) ($X), together accounting for 68% of total imports.

Japan, with a CAGR of +98.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, with a decrease of -6.3% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.5% 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 pure polyvinyl chloride in primary forms increased by +53.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 63% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped 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 Ukraine (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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