MERCOSUR: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in MERCOSUR

The MERCOSUR polyvinyl chloride market shrank notably to $X in 2022, reducing by -16.2% against the previous year. The total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.3% 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 +51.4% against 2020 indices. As a result, consumption reached the peak level of $X, and then declined significantly in the following year.

Polyvinyl Chloride Production in MERCOSUR

In value terms, polyvinyl chloride production plummeted to $X in 2022 estimated in export price. Over the period under review, production saw a mild contraction. The most prominent rate of growth was recorded in 2021 with an increase of 81%. As a result, production reached the peak level of $X, and then contracted markedly in the following year.

Polyvinyl Chloride Exports

Exports in MERCOSUR

In 2022, the amount of polyvinyl chloride exported in MERCOSUR totaled X tons, with an increase of 2.2% on 2021 figures. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 23% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, polyvinyl chloride exports fell markedly to $X in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 60%. As a result, the exports attained the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Colombia was the major exporter of polyvinyl chloride in MERCOSUR, with the volume of exports amounting to X tons, which was approx. 84% of total exports in 2022. It was distantly followed by Brazil (X tons), constituting an 11% share of total exports. The following exporters - Peru (X tons) and Uruguay (X tons) - each resulted at a 3.2% share of total exports.

Exports from Colombia increased at an average annual rate of +2.2% from 2012 to 2022. At the same time, Brazil (+12.2%) and Uruguay (+9.9%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +12.2% from 2012-2022. Peru experienced a relatively flat trend pattern. From 2012 to 2022, the share of Colombia and Brazil increased by +20 and +7.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Colombia ($X) remains the largest polyvinyl chloride supplier in MERCOSUR, comprising 80% of total exports. The second position in the ranking was held by Brazil ($X), with a 12% share of total exports. It was followed by Uruguay, with a 2.5% share.

In Colombia, polyvinyl chloride exports increased at an average annual rate of +2.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (+10.6% per year) and Uruguay (+10.8% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, reducing by -19.6% against the previous year. Export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.1% 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 +43.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 78% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped markedly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+0.8%), while the other leaders experienced more modest paces of growth.

Polyvinyl Chloride Imports

Imports in MERCOSUR

In 2022, the amount of polyvinyl chloride imported in MERCOSUR dropped sharply to X tons, waning by -28.5% against the previous year. In general, imports continue to indicate a mild curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 31% against the previous year. As a result, imports reached the peak of X tons, and then shrank rapidly in the following year.

In value terms, polyvinyl chloride imports contracted dramatically to $X in 2022. Overall, imports, however, saw a slight expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 111%. As a result, imports reached the peak of $X, and then declined remarkably in the following year.

Imports by Country

Brazil was the largest importer of polyvinyl chloride in MERCOSUR, with the volume of imports finishing at X tons, which was near 45% of total imports in 2022. Peru (X tons) took the second position in the ranking, followed by Colombia (X tons), Chile (X tons) and Ecuador (X tons). All these countries together took near 46% share of total imports. The following importers - Argentina (X tons) and Uruguay (X tons) - each accounted for a 5.5% share of total imports.

Imports into Brazil decreased at an average annual rate of -1.4% from 2012 to 2022. At the same time, Colombia (+2.0%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +2.0% from 2012-2022. Uruguay experienced a relatively flat trend pattern. By contrast, Ecuador (-1.3%), Peru (-2.2%), Chile (-2.3%) and Argentina (-9.7%) illustrated a downward trend over the same period. While the share of Colombia (+3.8 p.p.) and Brazil (+2.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Argentina (-3.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported polyvinyl chloride in MERCOSUR, comprising 48% of total imports. The second position in the ranking was held by Peru ($X), with a 14% share of total imports. It was followed by Chile, with an 11% share.

From 2012 to 2022, the average annual growth rate of value in Brazil stood at +2.0%. The remaining importing countries recorded the following average annual rates of imports growth: Peru (+0.1% per year) and Chile (+2.7% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, shrinking by -5.3% against the previous year. Import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.1% 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 +59.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 61%. As a result, import price attained the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform