Latin America and the Caribbean: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Latin America and the Caribbean

The Latin American market for pure polyvinyl chloride in primary forms dropped to $X in 2022, shrinking by -14.1% against the previous year. In general, consumption continues to indicate a mild slump. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Production of Pure Polyvinyl Chloride in Primary Forms in Latin America and the Caribbean

In value terms, production of pure polyvinyl chloride in primary forms fell to $X in 2022 estimated in export price. In general, production saw a perceptible decrease. The most prominent rate of growth was recorded in 2017 when the production volume increased by 8.8%. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports in Latin America and the Caribbean

In 2022, exports of pure polyvinyl chloride in primary forms in Latin America and the Caribbean reached X tons, approximately reflecting the year before. In general, exports, however, showed a perceptible reduction. The pace of growth appeared the most rapid in 2016 with an increase of 30% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, exports of pure polyvinyl chloride in primary forms shrank dramatically to $X in 2022. Overall, exports, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 48% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia represented the major exporter of pure polyvinyl chloride in primary forms in Latin America and the Caribbean, with the volume of exports accounting for X tons, which was near 74% of total exports in 2022. Argentina (X tons) held the second position in the ranking, distantly followed by Brazil (X tons). All these countries together held approx. 22% share of total exports. Mexico (X tons) took a little share of total exports.

Exports from Colombia increased at an average annual rate of +2.4% from 2012 to 2022. At the same time, Brazil (+26.4%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +26.4% from 2012-2022. By contrast, Argentina (-2.2%) and Mexico (-26.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Colombia, Brazil and Argentina increased by +36, +6.2 and +3 percentage points, respectively.

In value terms, Colombia ($X) remains the largest pure polyvinyl chloride in primary forms supplier in Latin America and the Caribbean, comprising 74% of total exports. The second position in the ranking was held by Argentina ($X), with a 13% share of total exports. It was followed by Brazil, with a 7.1% share.

In Colombia, exports of pure polyvinyl chloride in primary forms expanded at an average annual rate of +3.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (-1.2% per year) and Brazil (+25.5% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, falling by -15.4% against the previous year. Export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% 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 +41.1% against 2020 indices. The growth pace was the most rapid in 2021 when the export price increased by 67%. As a result, the export price attained the peak level of $X per ton, and then declined markedly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+6.8%), while the other leaders experienced more modest paces of growth.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports in Latin America and the Caribbean

Imports of pure polyvinyl chloride in primary forms reduced notably to X tons in 2022, declining by -17.7% against the year before. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 23% against the previous year. As a result, imports reached the peak of X tons, and then contracted sharply in the following year.

In value terms, imports of pure polyvinyl chloride in primary forms declined rapidly to $X in 2022. Overall, imports, however, posted a pronounced expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 108% against the previous year. As a result, imports reached the peak of $X, and then shrank significantly in the following year.

Imports by Country

Brazil (X tons) and Mexico (X tons) represented roughly 49% of total imports in 2022. Peru (X tons) took a 9.5% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (6.5%), Guatemala (5.6%), Ecuador (5.6%), Chile (5.5%) and Costa Rica (4.6%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Colombia (with a CAGR of +5.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pure polyvinyl chloride in primary forms importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Peru ($X), with a combined 58% share of total imports. Chile, Guatemala, Colombia, Ecuador and Costa Rica lagged somewhat behind, together accounting for a further 28%.

Guatemala, with a CAGR of +9.5%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, declining by -10.2% against the previous year. Import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.2% 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 +56.7% against 2019 indices. The growth pace was the most rapid in 2021 an increase of 70% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Chile ($X per ton) and Guatemala ($X per ton), while Colombia ($X per ton) and Peru ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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