Japan: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Japan

The Japanese market for pure polyvinyl chloride in primary forms dropped to $X in 2022, which is down by -4.2% against the previous year. Over the period under review, consumption saw a noticeable reduction. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Pure Polyvinyl Chloride in Primary Forms in Japan

In value terms, production of pure polyvinyl chloride in primary forms reduced to $X in 2022 estimated in export price. Over the period under review, production saw a mild descent. The pace of growth was the most pronounced in 2014 with an increase of 15% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from Japan

In 2022, the amount of pure polyvinyl chloride in primary forms exported from Japan contracted to X tons, waning by -9.1% compared with 2021. Overall, exports, however, showed strong growth. The pace of growth appeared the most rapid in 2015 with an increase of 73% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of pure polyvinyl chloride in primary forms declined rapidly to $X in 2022. In general, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2015 when exports increased by 40% against the previous year. The exports peaked at $X in 2021, and then declined rapidly in the following year.

Exports by Country

India (X tons) was the main destination for exports of pure polyvinyl chloride in primary forms from Japan, with a 58% share of total exports. Moreover, exports of pure polyvinyl chloride in primary forms to India exceeded the volume sent to the second major destination, Vietnam (X tons), fourfold. The third position in this ranking was taken by China (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India amounted to +66.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+19.4% per year) and China (-6.6% per year).

In value terms, India ($X) remains the key foreign market for pure polyvinyl chloride in primary forms exports from Japan, comprising 61% of total exports. The second position in the ranking was held by Vietnam ($X), with a 15% share of total exports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India totaled +63.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+19.3% per year) and China (-5.4% per year).

Export Prices by Country

The average export price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, dropping by -14.2% against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for pure polyvinyl chloride in primary forms increased by +37.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 60%. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to South Korea ($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) (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into Japan

In 2022, purchases abroad of pure polyvinyl chloride in primary forms decreased by -22.8% to X tons, falling for the second consecutive year after four years of growth. In general, imports showed a deep downturn. The growth pace was the most rapid in 2020 when imports increased by 6.3%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of pure polyvinyl chloride in primary forms fell to $X in 2022. Over the period under review, imports faced a deep contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 8% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), the United States (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of imports of pure polyvinyl chloride in primary forms to Japan, with a combined 68% share of total imports. Malaysia, South Korea, China and Thailand lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +33.9%), while imports for the other leaders experienced a decline.

In value terms, the largest pure polyvinyl chloride in primary forms suppliers to Japan were the United States ($X), Germany ($X) and Malaysia ($X), together comprising 80% of total imports.

Among the main suppliers, Malaysia, with a CAGR of +51.6%, 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 import price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, rising by 25% against the previous year. Over the period under review, the import price posted a resilient expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 45%. The import price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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