South-Eastern Asia: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in South-Eastern Asia

The Southeast Asian polyvinyl chloride market dropped to $X in 2022, which is down by -7.3% against the previous year. The total consumption indicated a notable expansion from 2012 to 2022: its value 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, consumption increased by +40.9% against 2020 indices. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Polyvinyl Chloride Production in South-Eastern Asia

In value terms, polyvinyl chloride production declined significantly to $X in 2022 estimated in export price. The total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +28.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 58%. As a result, production reached the peak level of $X, and then shrank dramatically in the following year.

Polyvinyl Chloride Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of polyvinyl chloride increased by 16% to X tons, rising for the third consecutive year after two years of decline. Total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.5% 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 +34.1% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 21%. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, polyvinyl chloride exports rose markedly to $X in 2022. Overall, exports recorded resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 61% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

Thailand (X tons) and Indonesia (X tons) dominates exports structure, together creating 79% of total exports. Malaysia (X tons) held a 7.5% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (7.4%). The following exporters - Singapore (X tons) and the Philippines (X tons) - each recorded a 5.9% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +15.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Indonesia ($X) and Vietnam ($X) were the countries with the highest levels of exports in 2022, together comprising 84% of total exports.

Among the main exporting countries, Indonesia, with a CAGR of +20.0%, 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 export price in South-Eastern Asia stood at $X per ton in 2022, which is down by -4.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2021 an increase of 46%. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+5.9%), while the other leaders experienced more modest paces of growth.

Polyvinyl Chloride Imports

Imports in South-Eastern Asia

Polyvinyl chloride imports was estimated at X tons in 2022, with an increase of 6.6% on the previous year's figure. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.3% against 2020 indices. The pace of growth was the most pronounced in 2016 when imports increased by 24%. Over the period under review, imports reached the peak figure at X tons in 2020; afterwards, it flattened through to 2022.

In value terms, polyvinyl chloride imports amounted to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.6% against 2012 indices. The growth pace was the most rapid in 2014 with an increase of 16% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

Vietnam represented the major importer of polyvinyl chloride in South-Eastern Asia, with the volume of imports finishing at X tons, which was near 42% of total imports in 2022. Malaysia (X tons) held the second position in the ranking, distantly followed by Cambodia (X tons), Thailand (X tons), Indonesia (X tons) and Myanmar (X tons). All these countries together held near 50% share of total imports. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to polyvinyl chloride imports into Vietnam stood at +13.8%. At the same time, Cambodia (+29.5%), Myanmar (+5.9%) and Malaysia (+4.3%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +29.5% from 2012-2022. Thailand and Indonesia experienced a relatively flat trend pattern. By contrast, Singapore (-2.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam and Cambodia increased by +20 and +7.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest polyvinyl chloride importing markets in South-Eastern Asia were Vietnam ($X), Malaysia ($X) and Indonesia ($X), with a combined 66% share of total imports. Thailand, Cambodia, Singapore and Myanmar lagged somewhat behind, together accounting for a further 29%.

In terms of the main importing countries, Cambodia, with a CAGR of +28.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 27%. As a result, import price reached the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Myanmar ($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 (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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