Singapore: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Singapore

After two years of growth, the Singaporean market for pure polyvinyl chloride in primary forms decreased by -45.3% to $X in 2022. In general, consumption saw a perceptible curtailment. As a result, consumption attained the peak level of $X, and then fell notably in the following year.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from Singapore

In 2022, overseas shipments of pure polyvinyl chloride in primary forms decreased by -33.5% to X tons, falling for the second consecutive year after two years of growth. In general, exports faced a abrupt downturn. The growth pace was the most rapid in 2019 with an increase of 132% against the previous year. Over the period under review, the exports of attained the maximum 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 reduced rapidly to $X in 2022. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 104% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for exports of pure polyvinyl chloride in primary forms from Singapore, with a 68% share of total exports. Moreover, exports of pure polyvinyl chloride in primary forms to India exceeded the volume sent to the second major destination, China (X tons), fivefold. The third position in this ranking was held by Indonesia (X tons), with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India totaled +77.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+55.8% per year) and Indonesia (-27.1% per year).

In value terms, India ($X) remains the key foreign market for pure polyvinyl chloride in primary forms exports from Singapore, comprising 56% of total exports. The second position in the ranking was held by Indonesia ($X), with a 24% share of total exports. It was followed by China, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to India totaled +53.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-24.4% per year) and China (+44.3% per year).

Export Prices by Country

The average export price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, jumping by 18% against the previous year. Overall, the export price, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2018 an increase of 61% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Malaysia ($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 Indonesia (+3.8%), while the prices for the other major destinations experienced a decline.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into Singapore

In 2022, after three years of growth, there was significant decline in supplies from abroad of pure polyvinyl chloride in primary forms, when their volume decreased by -40.5% to X tons. Over the period under review, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2020 when imports increased by 23%. Over the period under review, imports of attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of pure polyvinyl chloride in primary forms fell sharply to $X in 2022. Overall, imports recorded a noticeable reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 50% against the previous year. As a result, imports attained the peak of $X, and then declined sharply in the following year.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of pure polyvinyl chloride in primary forms to Singapore, accounting for a 58% share of total imports. Moreover, imports of pure polyvinyl chloride in primary forms from Indonesia exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was held by Thailand (X tons), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia stood at -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-3.4% per year) and Thailand (-10.5% per year).

In value terms, Indonesia ($X) constituted the largest supplier of pure polyvinyl chloride in primary forms to Singapore, comprising 49% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 20% share of total imports. It was followed by Thailand, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia amounted to -1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-1.8% per year) and Thailand (-7.7% per year).

Import Prices by Country

The average import price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, falling by -9.4% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% 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 +34.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 40%. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

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 ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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