Malaysia: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Malaysia

The Malaysian market for pure polyvinyl chloride in primary forms dropped dramatically to $X in 2022, falling by -15.7% against the previous year. Overall, consumption saw a mild shrinkage. Consumption of peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Pure Polyvinyl Chloride in Primary Forms in Malaysia

In value terms, production of pure polyvinyl chloride in primary forms shrank slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 108% against the previous year. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from Malaysia

In 2022, the amount of pure polyvinyl chloride in primary forms exported from Malaysia shrank slightly to X tons, waning by -2.2% compared with the previous year. Overall, exports recorded a pronounced slump. The most prominent rate of growth was recorded in 2019 when exports increased by 17%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of pure polyvinyl chloride in primary forms dropped to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

China (X tons), India (X tons) and Turkey (X tons) were the main destinations of exports of pure polyvinyl chloride in primary forms from Malaysia, together comprising 58% of total exports. Indonesia, Vietnam, South Korea, the United States, Taiwan (Chinese), Pakistan, Hong Kong SAR, Russia, Japan and Thailand lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +187.8%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for pure polyvinyl chloride in primary forms exports from Malaysia, comprising 36% of total exports. The second position in the ranking was taken by India ($X), with a 14% share of total exports. It was followed by Indonesia, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value to China totaled +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+2.3% per year) and Indonesia (-5.9% per year).

Export Prices by Country

In 2022, the average export price for pure polyvinyl chloride in primary forms amounted to $X per ton, reducing by -12.4% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 +46.0% against 2019 indices. The growth pace was the most rapid in 2021 an increase of 33%. As a result, the export price attained the peak level of $X per ton, and then reduced 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 Vietnam ($X per ton), while the average price for exports to Thailand ($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 Russia (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into Malaysia

Imports of pure polyvinyl chloride in primary forms into Malaysia dropped modestly to X tons in 2022, remaining constant against 2021. Over the period under review, total imports indicated a tangible increase from 2012 to 2022: its volume 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 decreased by +0.9% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 57% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of pure polyvinyl chloride in primary forms contracted notably to $X in 2022. Overall, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 +29.9% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 81%. Imports peaked at $X in 2021, and then declined rapidly in the following year.

Imports by Country

China (X tons), Indonesia (X tons) and Thailand (X tons) were the main suppliers of imports of pure polyvinyl chloride in primary forms to Malaysia, with a combined 75% share of total imports. South Korea, Taiwan (Chinese), Japan and the United States lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +96.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pure polyvinyl chloride in primary forms suppliers to Malaysia were China ($X), Indonesia ($X) and Thailand ($X), with a combined 80% share of total imports. South Korea, Japan, Taiwan (Chinese) and the United States lagged somewhat behind, together comprising a further 17%.

The United States, with a CAGR of +77.0%, recorded the highest rates of growth with regard to 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

The average import price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, shrinking by -18.1% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.7% 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 +28.8% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by 57% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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