South Africa: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in South Africa

In 2022, the South African polyvinyl chloride market increased by 1.9% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +85.9% against 2020 indices. Polyvinyl chloride consumption peaked in 2022 and is expected to retain growth in the near future.

Polyvinyl Chloride Production in South Africa

In value terms, polyvinyl chloride production dropped notably to $X in 2022 estimated in export price. Over the period under review, the total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +38.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 78%. As a result, production reached the peak level of $X, and then declined dramatically in the following year.

Polyvinyl Chloride Exports

Exports from South Africa

In 2022, shipments abroad of polyvinyl chloride decreased by -17% to X tons, falling for the second consecutive year after four years of growth. In general, exports saw a mild reduction. The pace of growth appeared the most rapid in 2018 with an increase of 49% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, polyvinyl chloride exports declined modestly to $X in 2022. Overall, exports, however, continue to indicate perceptible growth. The pace of growth was the most pronounced in 2018 when exports increased by 50%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Botswana (X tons) was the main destination for polyvinyl chloride exports from South Africa, accounting for a 47% share of total exports. Moreover, polyvinyl chloride exports to Botswana exceeded the volume sent to the second major destination, Zimbabwe (X tons), twofold. The third position in this ranking was held by Zambia (X tons), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to Botswana totaled +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (+0.2% per year) and Zambia (+1.8% per year).

In value terms, Botswana ($X), Zambia ($X) and Zimbabwe ($X) constituted the largest markets for polyvinyl chloride exported from South Africa worldwide, together comprising 86% of total exports. Morocco, Cameroon, Senegal, Malawi and India lagged somewhat behind, together comprising a further 7.6%.

Morocco, with a CAGR of +428.1%, saw the highest rates of growth with regard to 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 polyvinyl chloride export price stood at $X per ton in 2022, increasing by 19% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyvinyl chloride export price increased by +105.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 73%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to India ($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 Morocco (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Polyvinyl Chloride Imports

Imports into South Africa

In 2022, overseas purchases of polyvinyl chloride increased by 22% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 62% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, polyvinyl chloride imports rose remarkably to $X in 2022. In general, imports posted a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 151%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X tons), South Korea (X tons) and Thailand (X tons) were the main suppliers of polyvinyl chloride imports to South Africa, with a combined 59% share of total imports. Germany, Belgium, Mexico, Spain, the United States, France and Malaysia lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +94.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Germany ($X) appeared to be the largest polyvinyl chloride suppliers to South Africa, together accounting for 62% of total imports.

China, with a CAGR of +54.4%, recorded the highest rates of growth with regard to 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

The average polyvinyl chloride import price stood at $X per ton in 2022, waning by -7.8% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 55%. As a result, import price attained the peak level of $X per ton, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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