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

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

The Singaporean market for plasticised mixed polyvinyl chloride in primary forms rose remarkably to $X in 2022, increasing by 9.9% against the previous year. Overall, consumption, however, saw a buoyant increase. Consumption of peaked in 2022 and is expected to retain growth in years to come.

Production of Plasticised Mixed Polyvinyl Chloride in Primary Forms in Singapore

In value terms, production of plasticised mixed polyvinyl chloride in primary forms stood at $X in 2022 estimated in export price. In general, production, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2020 with an increase of 19%. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from Singapore

Exports of plasticised mixed polyvinyl chloride in primary forms from Singapore dropped to X tons in 2022, declining by -8.2% against 2021. Overall, exports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 10%. Over the period under review, the exports of attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, exports of plasticised mixed polyvinyl chloride in primary forms shrank slightly to $X in 2022. Over the period under review, exports saw a mild setback. The most prominent rate of growth was recorded in 2021 when exports increased by 15% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons), Indonesia (X tons) and China (X tons) were the main destinations of exports of plasticised mixed polyvinyl chloride in primary forms from Singapore, with a combined 50% share of total exports. The Philippines, Taiwan (Chinese), India, Australia, Sri Lanka, the Netherlands, Cambodia, Thailand, Japan and Saudi Arabia lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +146.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Malaysia ($X) and Indonesia ($X) constituted the largest markets for plasticised mixed polyvinyl chloride in primary forms exported from Singapore worldwide, together accounting for 53% of total exports. The Philippines, Taiwan (Chinese), India, the Netherlands, Australia, Japan, Sri Lanka, Thailand, Cambodia and Saudi Arabia lagged somewhat behind, together accounting for a further 36%.

Cambodia, with a CAGR of +152.1%, 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

The average export price for plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, picking up by 7.7% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The growth pace was the most rapid in 2021 an increase of 32% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Sri Lanka ($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 (+5.8%), 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 Singapore

In 2022, approx. X tons of plasticised mixed polyvinyl chloride in primary forms were imported into Singapore; dropping by -22% compared with the previous year's figure. In general, imports recorded a slight reduction. The growth pace was the most rapid in 2013 with an increase of 33% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, imports of plasticised mixed polyvinyl chloride in primary forms reduced to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 19% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

The United States (X tons), Malaysia (X tons) and China (X tons) were the main suppliers of imports of plasticised mixed polyvinyl chloride in primary forms to Singapore, together comprising 59% of total imports. Japan, the UK, Thailand, Vietnam, Indonesia, Italy and Taiwan (Chinese) lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +19.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of plasticised mixed polyvinyl chloride in primary forms to Singapore, comprising 34% of total imports. The second position in the ranking was held by the UK ($X), with a 14% share of total imports. It was followed by Malaysia, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-0.9% per year) and Malaysia (-2.9% per year).

Import Prices by Country

The average import price for plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, growing by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. As a result, import price reached the peak level 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 the UK ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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