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

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

The Singaporean market for non-plasticised mixed polyvinyl chloride in primary forms surged to $X in 2022, increasing by 115% against the previous year. Over the period under review, consumption showed strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms in Singapore

In value terms, production of non-plasticised mixed polyvinyl chloride in primary forms stood at $X in 2022 estimated in export price. Overall, production, however, recorded a mild downturn. The pace of growth appeared the most rapid in 2013 with an increase of 26% against the previous year. Over the period under review, production of attained the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from Singapore

For the third year in a row, Singapore recorded decline in overseas shipments of non-plasticised mixed polyvinyl chloride in primary forms, which decreased by -0.4% to X tons in 2022. Over the period under review, exports showed a noticeable setback. The most prominent rate of growth was recorded in 2013 when exports increased by 19% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of non-plasticised mixed polyvinyl chloride in primary forms contracted to $X in 2022. In general, exports saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 22% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Bangladesh (X tons), Malaysia (X tons) and Indonesia (X tons) were the main destinations of exports of non-plasticised mixed polyvinyl chloride in primary forms from Singapore, together accounting for 68% of total exports. India, New Caledonia, Thailand, Sri Lanka, Vietnam, Australia and Hong Kong SAR lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +23.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-plasticised mixed polyvinyl chloride in primary forms exported from Singapore were Malaysia ($X), Bangladesh ($X) and Indonesia ($X), together comprising 66% of total exports.

In terms of the main countries of destination, Indonesia, with a CAGR of +14.2%, recorded 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 non-plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, the export price continues to indicate a slight slump. The growth pace was the most rapid in 2021 an increase of 34%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to India ($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 Sri Lanka (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into Singapore

In 2022, supplies from abroad of non-plasticised mixed polyvinyl chloride in primary forms increased by 352% to X tons, rising for the second consecutive year after two years of decline. In general, imports saw a resilient expansion. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of non-plasticised mixed polyvinyl chloride in primary forms soared to $X in 2022. Over the period under review, imports continue to indicate a perceptible expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Indonesia (X tons) was the main supplier of non-plasticised mixed polyvinyl chloride in primary forms to Singapore, with a 92% share of total imports. Moreover, imports of non-plasticised mixed polyvinyl chloride in primary forms from Indonesia exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. The third position in this ranking was taken by Japan (X tons), with a 1.7% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia amounted to +49.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+21.5% per year) and Japan (-5.3% per year).

In value terms, Indonesia ($X) constituted the largest supplier of non-plasticised mixed polyvinyl chloride in primary forms to Singapore, comprising 91% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 4.5% share of total imports. It was followed by Japan, with a 1.6% share.

From 2012 to 2022, the average annual growth rate of value from Indonesia stood at +49.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+14.0% per year) and Japan (-25.1% per year).

Import Prices by Country

In 2022, the average import price for non-plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, falling by -24.4% against the previous year. In general, the import price recorded a deep reduction. The pace of growth was the most pronounced in 2021 when the average import price increased by 72% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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