Pakistan: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in Pakistan

The Pakistani polyvinyl chloride market expanded to $X in 2022, picking up by 4.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded strong growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Polyvinyl Chloride Exports

Exports from Pakistan

For the third consecutive year, Pakistan recorded growth in overseas shipments of polyvinyl chloride, which increased by 11% to X tons in 2022. Over the period under review, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 1,291% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, polyvinyl chloride exports dropped to $X in 2022. In general, exports showed strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by 1,891% against the previous year. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for polyvinyl chloride exports from Pakistan, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled +27.0%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for polyvinyl chloride exports from Pakistan.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to +29.8%.

Export Prices by Country

In 2022, the average polyvinyl chloride export price amounted to $X per ton, reducing by -21.4% against the previous year. Overall, the export price, however, showed notable growth. The pace of growth appeared the most rapid in 2016 an increase of 68%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +36.1% per year.

Polyvinyl Chloride Imports

Imports into Pakistan

In 2022, approx. X tons of polyvinyl chloride were imported into Pakistan; growing by 6.3% against the year before. In general, imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 81%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, polyvinyl chloride imports expanded rapidly to $X in 2022. Overall, imports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of 65%. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest polyvinyl chloride supplier to Pakistan, accounting for a 30% share of total imports. Moreover, polyvinyl chloride imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Indonesia (X tons), with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +41.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.5% per year) and Indonesia (+48.7% per year).

In value terms, the largest polyvinyl chloride suppliers to Pakistan were the United States ($X), China ($X) and Thailand ($X), together accounting for 53% of total imports. Indonesia, Sweden, Saudi Arabia, Malaysia, Mexico, South Korea, Belgium, the United Arab Emirates, France and Egypt lagged somewhat behind, together comprising a further 34%.

Among the main suppliers, Mexico, with a CAGR of +67.9%, recorded the highest rates of growth with regard to 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 polyvinyl chloride import price stood at $X per ton in 2022, picking up by 2.1% against the previous year. Overall, import 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 import price increased by +77.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 73% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 Thailand ($X per ton), while the price for Egypt ($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 Arab Emirates (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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