Indonesia: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in Indonesia

The Indonesian polyvinyl chloride market contracted to $X in 2022, reducing by -10.5% against the previous year. In general, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +53.1% against 2016 indices. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Polyvinyl Chloride Production in Indonesia

In value terms, polyvinyl chloride production declined markedly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a perceptible increase from 2012 to 2022: its value 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, production increased by +34.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 69%. As a result, production reached the peak level of $X, and then contracted sharply in the following year.

Polyvinyl Chloride Exports

Exports from Indonesia

For the third consecutive year, Indonesia recorded growth in overseas shipments of polyvinyl chloride, which increased by 49% to X tons in 2022. In general, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 93%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, polyvinyl chloride exports skyrocketed to $X in 2022. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 80%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

India (X tons), Malaysia (X tons) and Australia (X tons) were the main destinations of polyvinyl chloride exports from Indonesia, with a combined 59% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +51.3%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), Malaysia ($X) and Australia ($X) constituted the largest markets for polyvinyl chloride exported from Indonesia worldwide, together comprising 63% of total exports.

Among the main countries of destination, India, with a CAGR of +57.2%, recorded the highest rates of growth with regard to 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 polyvinyl chloride export price amounted to $X per ton, growing by 13% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyvinyl chloride export price increased by +89.7% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 68%. The export price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($X per ton) and Malaysia ($X per ton), while the average price for exports to China ($X per ton) and Singapore ($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 Bangladesh (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Polyvinyl Chloride Imports

Imports into Indonesia

In 2022, approx. X tons of polyvinyl chloride were imported into Indonesia; jumping by 19% compared with 2021. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 22% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, polyvinyl chloride imports skyrocketed to $X in 2022. In general, imports enjoyed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Thailand (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of polyvinyl chloride imports to Indonesia, together accounting for 70% of total imports. Japan, Malaysia, South Korea, Singapore, Vietnam and Hong Kong SAR lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +8.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyvinyl chloride suppliers to Indonesia were China ($X), Thailand ($X) and Japan ($X), together accounting for 67% of total imports.

In terms of the main suppliers, China, with a CAGR of +17.6%, saw the highest growth rate of 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

The average polyvinyl chloride import price stood at $X per ton in 2022, increasing by 56% against the previous year. In general, the import price saw a strong increase. As a result, import price reached the peak level 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 Hong Kong SAR ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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