Republic of Korea: Market for Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Plasticised Mixed Polyvinyl Chloride in Primary Forms in Republic of Korea

The South Korean market for plasticised mixed polyvinyl chloride in primary forms totaled $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Plasticised Mixed Polyvinyl Chloride in Primary Forms in Republic of Korea

In value terms, production of plasticised mixed polyvinyl chloride in primary forms declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 21%. 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 Republic of Korea

In 2022, overseas shipments of plasticised mixed polyvinyl chloride in primary forms decreased by -12.8% to X tons, falling for the fourth year in a row after four years of growth. Overall, exports saw a noticeable decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 3.5% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of plasticised mixed polyvinyl chloride in primary forms skyrocketed to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam (X tons) was the main destination for exports of plasticised mixed polyvinyl chloride in primary forms from South Korea, with a 63% share of total exports. Moreover, exports of plasticised mixed polyvinyl chloride in primary forms to Vietnam exceeded the volume sent to the second major destination, China (X tons), threefold. Slovenia (X tons) ranked third in terms of total exports with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Vietnam totaled +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-8.7% per year) and Slovenia (+126.4% per year).

In value terms, Vietnam ($X), China ($X) and Slovenia ($X) constituted the largest markets for plasticised mixed polyvinyl chloride in primary forms exported from South Korea worldwide, together accounting for 77% of total exports.

Among the main countries of destination, Slovenia, with a CAGR of +121.4%, saw the highest growth rate of the value of exports, 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, increasing by 32% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Vietnam ($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 Malaysia (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into Republic of Korea

In 2022, approx. X tons of plasticised mixed polyvinyl chloride in primary forms were imported into South Korea; growing by 53% against the previous year. Over the period under review, total imports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.9% 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 +26.7% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of plasticised mixed polyvinyl chloride in primary forms skyrocketed to $X in 2022. In general, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +104.0% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of imports of plasticised mixed polyvinyl chloride in primary forms to South Korea, together accounting for 84% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +40.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plasticised mixed polyvinyl chloride in primary forms suppliers to South Korea were China ($X), Japan ($X) and Vietnam ($X), together accounting for 68% of total imports.

Among the main suppliers, Vietnam, with a CAGR of +41.9%, 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 import price for plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, declining by -9.8% against the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.4% 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 plasticised mixed polyvinyl chloride in primary forms increased by +10.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 18% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Japan ($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 UK (+27.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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