Portugal: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Portugal

The Portuguese market for pure polyvinyl chloride in primary forms expanded markedly to $X in 2022, with an increase of 15% against the previous year. The market value increased at an average annual rate of +5.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Production of Pure Polyvinyl Chloride in Primary Forms in Portugal

In value terms, production of pure polyvinyl chloride in primary forms amounted to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 14%. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth failed to regain momentum.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from Portugal

In 2022, approx. X tons of pure polyvinyl chloride in primary forms were exported from Portugal; with a decrease of -11.4% against the previous year's figure. Over the period under review, exports showed a noticeable downturn. The pace of growth was the most pronounced in 2020 with an increase of 21%. Over the period under review, the exports of attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of pure polyvinyl chloride in primary forms rose slightly to $X in 2022. Overall, total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +82.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 55%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Spain (X tons) was the main destination for exports of pure polyvinyl chloride in primary forms from Portugal, accounting for a 70% share of total exports. Moreover, exports of pure polyvinyl chloride in primary forms to Spain exceeded the volume sent to the second major destination, Italy (X tons), fivefold. The third position in this ranking was held by Germany (X tons), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-5.1% per year) and Germany (+21.4% per year).

In value terms, Spain ($X) remains the key foreign market for pure polyvinyl chloride in primary forms exports from Portugal, comprising 67% of total exports. The second position in the ranking was taken by Italy ($X), with a 14% share of total exports. It was followed by Germany, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+0.7% per year) and Germany (+29.0% per year).

Export Prices by Country

In 2022, the average export price for pure polyvinyl chloride in primary forms amounted to $X per ton, growing by 18% against the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.5% 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 +91.6% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 62% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($X per ton) and the UK ($X per ton), while the average price for exports to Spain ($X per ton) and Italy ($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 Turkey (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into Portugal

In 2022, the amount of pure polyvinyl chloride in primary forms imported into Portugal fell slightly to X tons, stabilizing at 2021. Overall, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.0% 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 +92.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 93%. As a result, imports reached the peak of X tons, leveling off in the following year.

In value terms, imports of pure polyvinyl chloride in primary forms expanded remarkably to $X in 2022. Over the period under review, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 209% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Spain (X tons), the United States (X tons) and Turkey (X tons) were the main suppliers of imports of pure polyvinyl chloride in primary forms to Portugal, together accounting for 77% of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +184.3%), 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 Portugal were Spain ($X), the United States ($X) and Mexico ($X), with a combined 76% share of total imports. Turkey, Egypt, France, South Korea and Germany lagged somewhat behind, together comprising a further 15%.

Turkey, with a CAGR of +163.0%, recorded the highest growth rate of 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

In 2022, the average import price for pure polyvinyl chloride in primary forms amounted to $X per ton, growing by 7.5% against the previous year. Overall, import price indicated noticeable growth 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, import price for pure polyvinyl chloride in primary forms increased by +71.7% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 60% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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