Peru: Market for Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Plasticised Mixed Polyvinyl Chloride in Primary Forms in Peru

The Peruvian market for plasticised mixed polyvinyl chloride in primary forms fell slightly to $X in 2022, dropping by -2.7% against the previous year. Overall, consumption, however, showed a modest expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Plasticised Mixed Polyvinyl Chloride in Primary Forms in Peru

In value terms, production of plasticised mixed polyvinyl chloride in primary forms declined to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 15%. Production of peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from Peru

In 2022, the amount of plasticised mixed polyvinyl chloride in primary forms exported from Peru reduced to X tons, with a decrease of -13.7% against the previous year's figure. The total export volume increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 38%. As a result, the exports attained the peak of X tons, and then declined in the following year.

In value terms, exports of plasticised mixed polyvinyl chloride in primary forms plummeted to $X in 2022. In general, total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 94% against the previous year. As a result, the exports attained the peak of $X, and then dropped dramatically in the following year.

Exports by Country

Ecuador (X tons), Colombia (X tons) and Bolivia (X tons) were the main destinations of exports of plasticised mixed polyvinyl chloride in primary forms from Peru, with a combined 85% share of total exports. Mexico, Venezuela and Chile lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +40.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), Colombia ($X) and Bolivia ($X) appeared to be the largest markets for plasticised mixed polyvinyl chloride in primary forms exported from Peru worldwide, with a combined 86% share of total exports. Mexico, Venezuela and Chile lagged somewhat behind, together comprising a further 13%.

Mexico, with a CAGR of +30.2%, saw the highest growth rate of the value of exports, among 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

The average export price for plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, shrinking by -12.3% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 41%. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Ecuador ($X per ton) and Bolivia ($X per ton), while the average price for exports to Colombia ($X per ton) and Venezuela ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into Peru

In 2022, purchases abroad of plasticised mixed polyvinyl chloride in primary forms decreased by -22.1% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, posted a mild expansion. The pace of growth was the most pronounced in 2021 with an increase of 79%. As a result, imports reached the peak of X tons, and then fell rapidly in the following year.

In value terms, imports of plasticised mixed polyvinyl chloride in primary forms declined significantly to $X in 2022. Overall, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 109% against the previous year. As a result, imports reached the peak of $X, and then declined sharply in the following year.

Imports by Country

In 2022, Brazil (X tons) constituted the largest plasticised mixed polyvinyl chloride in primary forms supplier to Peru, accounting for a 45% share of total imports. Moreover, imports of plasticised mixed polyvinyl chloride in primary forms from Brazil exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 20% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil stood at +24.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.2% per year) and China (+13.6% per year).

In value terms, Brazil ($X), Germany ($X) and China ($X) constituted the largest plasticised mixed polyvinyl chloride in primary forms suppliers to Peru, with a combined 85% share of total imports.

In terms of the main suppliers, Brazil, with a CAGR of +32.8%, saw the highest growth rate of 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 import price for plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, declining by -5.1% against the previous year. Over the last decade, it increased at an average annual rate of +4.1%. The pace of growth appeared the most rapid in 2013 an increase of 48% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 the United States ($X per ton), while the price for South Korea ($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 States (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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