Japan: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in Japan

The Japanese polyvinyl chloride market shrank slightly to $X in 2022, waning by -2.5% against the previous year. Over the period under review, consumption continues to indicate a perceptible setback. Polyvinyl chloride consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Polyvinyl Chloride Production in Japan

In value terms, polyvinyl chloride production dropped sharply to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible descent. The growth pace was the most rapid in 2021 when the production volume increased by 69%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Polyvinyl Chloride Exports

Exports from Japan

In 2022, approx. X tons of polyvinyl chloride were exported from Japan; waning by -8.9% compared with the previous year. Over the period under review, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 70% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, polyvinyl chloride exports plummeted to $X in 2022. In general, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2021 when exports increased by 39%. As a result, the exports reached the peak of $X, and then fell notably in the following year.

Exports by Country

India (X tons) was the main destination for polyvinyl chloride exports from Japan, accounting for a 57% share of total exports. Moreover, polyvinyl chloride exports to India exceeded the volume sent to the second major destination, Vietnam (X tons), fourfold. China (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to India totaled +65.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+19.3% per year) and China (-6.4% per year).

In value terms, India ($X) remains the key foreign market for polyvinyl chloride exports from Japan, comprising 58% of total exports. The second position in the ranking was held by Vietnam ($X), with a 15% share of total exports. It was followed by China, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India stood at +61.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+18.8% per year) and China (-5.3% per year).

Export Prices by Country

In 2022, the average polyvinyl chloride export price amounted to $X per ton, falling by -12.5% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 58% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to South Korea ($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 Hong Kong SAR (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Polyvinyl Chloride Imports

Imports into Japan

In 2022, supplies from abroad of polyvinyl chloride decreased by -5.1% to X tons, falling for the third consecutive year after two years of growth. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2019 when imports increased by 19%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, polyvinyl chloride imports skyrocketed to $X in 2022. Overall, imports continue to indicate a abrupt setback. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of polyvinyl chloride imports to Japan, together accounting for 52% of total imports. Germany, Singapore, South Korea, Thailand, Malaysia, Vietnam and Belgium lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +98.0%), while purchases for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of polyvinyl chloride to Japan, comprising 54% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by Germany, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.7% per year) and Germany (+1.0% per year).

Import Prices by Country

The average polyvinyl chloride import price stood at $X per ton in 2022, jumping by 59% against the previous year. Over the period under review, the import price showed a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the United States (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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