South Africa: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in South Africa

In 2022, the South African market for pure polyvinyl chloride in primary forms increased by 6.1% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, saw a relatively flat trend pattern. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Pure Polyvinyl Chloride in Primary Forms in South Africa

In value terms, production of pure polyvinyl chloride in primary forms stood at $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 38%. Production of peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from South Africa

In 2022, overseas shipments of pure polyvinyl chloride in primary forms decreased by -19.2% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 48%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of pure polyvinyl chloride in primary forms shrank to $X in 2022. In general, total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +93.0% against 2016 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 50%. Over the period under review, the exports of reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Botswana (X tons) was the main destination for exports of pure polyvinyl chloride in primary forms from South Africa, accounting for a 51% share of total exports. Moreover, exports of pure polyvinyl chloride in primary forms to Botswana exceeded the volume sent to the second major destination, Zimbabwe (X tons), threefold. Zambia (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to Botswana was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (+0.3% per year) and Zambia (+3.6% per year).

In value terms, the largest markets for pure polyvinyl chloride in primary forms exported from South Africa were Botswana ($X), Zambia ($X) and Zimbabwe ($X), with a combined 88% share of total exports. Morocco, Cameroon, Senegal, Malawi and India lagged somewhat behind, together comprising a further 8.3%.

Senegal, with a CAGR of +62.8%, 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

In 2022, the average export price for pure polyvinyl chloride in primary forms amounted to $X per ton, surging by 16% against the previous year. Overall, the export price recorded prominent growth. The pace of growth appeared the most rapid in 2021 an increase of 78% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

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 (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into South Africa

In 2022, purchases abroad of pure polyvinyl chloride in primary forms increased by 26% to X tons, rising for the second consecutive year after two years of decline. In general, imports recorded prominent growth. The growth pace was the most rapid in 2021 when imports increased by 60% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of pure polyvinyl chloride in primary forms expanded significantly to $X in 2022. Overall, imports saw a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 174% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), South Korea (X tons) and Thailand (X tons) were the main suppliers of imports of pure polyvinyl chloride in primary forms to South Africa, together accounting for 62% of total imports. Belgium, Mexico, Spain, Germany, the United States, France and Malaysia lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +92.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Belgium ($X) appeared to be the largest pure polyvinyl chloride in primary forms suppliers to South Africa, with a combined 65% share of total imports.

China, with a CAGR of +67.2%, saw the highest growth rate of the value of imports, among 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 import price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, with a decrease of -14% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.2% 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 +47.0% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 71%. As a result, import price reached the peak level of $X per ton, and then reduced 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 (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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