Italy: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in Italy

In 2022, the Italian polyvinyl chloride market increased by 15% to $X, rising for the second year in a row after three years of decline. In general, the total consumption indicated a tangible expansion from 2012 to 2022: its value 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, consumption increased by +103.9% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Polyvinyl Chloride Production in Italy

In value terms, polyvinyl chloride production declined to $X in 2022 estimated in export price. Overall, production, however, saw a mild downturn. The growth pace was the most rapid in 2014 when the production volume increased by 69%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Polyvinyl Chloride Exports

Exports from Italy

After two years of growth, shipments abroad of polyvinyl chloride decreased by -13.7% to X tons in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 8%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, polyvinyl chloride exports reached $X in 2022. The total export value increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 42%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

Poland (X tons), Germany (X tons) and France (X tons) were the main destinations of polyvinyl chloride exports from Italy, together accounting for 31% of total exports. Turkey, Slovakia, the Netherlands, Bosnia and Herzegovina, Hungary, Romania, the Czech Republic, Egypt, Mexico and Tunisia lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +10.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Turkey ($X) were the largest markets for polyvinyl chloride exported from Italy worldwide, with a combined 31% share of total exports. France, Slovakia, the Netherlands, Bosnia and Herzegovina, Hungary, Egypt, Mexico, Romania, Tunisia and the Czech Republic lagged somewhat behind, together accounting for a further 41%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +12.8%, 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

In 2022, the average polyvinyl chloride export price amounted to $X per ton, growing by 17% against the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.0% 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 +57.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 34% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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 Hungary ($X per ton), while the average price for exports to the Czech Republic ($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 Tunisia (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Polyvinyl Chloride Imports

Imports into Italy

In 2022, the amount of polyvinyl chloride imported into Italy contracted to X tons, reducing by -7.3% against the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 12% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, polyvinyl chloride imports rose remarkably to $X in 2022. Overall, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +100.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 82% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

France (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of polyvinyl chloride imports to Italy, with a combined 56% share of total imports. Spain, Belgium, Mexico, the Czech Republic, Poland, Egypt, Hungary, the United States and Portugal lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +19.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyvinyl chloride suppliers to Italy were France ($X), Germany ($X) and Belgium ($X), together accounting for 57% of total imports. Spain, the Netherlands, Mexico, the Czech Republic, Poland, Hungary, Portugal, Egypt and the United States lagged somewhat behind, together comprising a further 38%.

Egypt, with a CAGR of +22.4%, saw the highest growth rate of 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 polyvinyl chloride import price amounted to $X per ton, with an increase of 19% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.8% 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 +93.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 63%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Hungary ($X per ton), while the price for Egypt ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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