Pakistan: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Pakistan

In 2022, the Pakistani market for pure polyvinyl chloride in primary forms decreased by -8.1% to $X, falling for the second consecutive year after nine years of growth. Over the period under review, consumption, however, posted a measured expansion. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from Pakistan

For the third consecutive year, Pakistan recorded growth in overseas shipments of pure polyvinyl chloride in primary forms, which increased by 20% to X tons in 2022. Overall, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,291% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of pure polyvinyl chloride in primary forms reduced to $X in 2022. In general, exports continue to indicate strong growth. The growth pace was the most rapid in 2021 when exports increased by 1,892% against the previous year. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

India (X tons), Egypt (X tons) and Turkey (X tons) were the main destinations of exports of pure polyvinyl chloride in primary forms from Pakistan, with a combined 72% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +101.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pure polyvinyl chloride in primary forms exported from Pakistan were Egypt ($X), India ($X) and Turkey ($X), with a combined 75% share of total exports.

Egypt, with a CAGR of +71.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for pure polyvinyl chloride in primary forms amounted to $X per ton, dropping by -26% against the previous year. In general, export price indicated modest growth 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 +6.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 43%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to India ($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 China (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into Pakistan

In 2022, imports of pure polyvinyl chloride in primary forms into Pakistan expanded sharply to X tons, with an increase of 7.9% compared with 2021. Over the period under review, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 87% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, imports of pure polyvinyl chloride in primary forms reached $X in 2022. Overall, imports saw a buoyant expansion. The growth pace was the most rapid in 2014 when imports increased by 76% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Indonesia (X tons) and Sweden (X tons) were the main suppliers of imports of pure polyvinyl chloride in primary forms to Pakistan, with a combined 51% share of total imports. Thailand, Saudi Arabia, Mexico, the United States, the UK, South Korea, Norway and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +58.3%), 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 Pakistan were China ($X), Thailand ($X) and Sweden ($X), together accounting for 59% of total imports. Indonesia, Saudi Arabia, Mexico, the United States, the UK, Norway, South Korea and Taiwan (Chinese) lagged somewhat behind, together comprising a further 30%.

In terms of the main suppliers, Mexico, with a CAGR of +50.1%, saw 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

In 2022, the average import price for pure polyvinyl chloride in primary forms amounted to $X per ton, flattening at the previous year. In general, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% 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 +63.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 66%. Over the period under review, average import prices attained the maximum at $X per ton in 2017; afterwards, it flattened through to 2022.

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 ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :