South-Eastern Asia: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in South-Eastern Asia

The Southeast Asian market for pure polyvinyl chloride in primary forms declined markedly to $X in 2022, with a decrease of -15.1% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then fell remarkably in the following year.

Production of Pure Polyvinyl Chloride in Primary Forms in South-Eastern Asia

In value terms, production of pure polyvinyl chloride in primary forms declined to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 28% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports in South-Eastern Asia

In 2022, overseas shipments of pure polyvinyl chloride in primary forms increased by 21% to X tons, rising for the third consecutive year after two years of decline. Total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.2% 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 +47.6% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of pure polyvinyl chloride in primary forms expanded notably to $X in 2022. Overall, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 76% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

Thailand (X tons) and Indonesia (X tons) prevails in forms structure, together comprising 87% of total exports. It was distantly followed by Malaysia (X tons), generating a 5.2% share of total exports. Vietnam (X tons) and the Philippines (X tons) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Philippines (with a CAGR of +67.5%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and Malaysia ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 93% share of total exports. Vietnam and the Philippines lagged somewhat behind, together accounting for a further 7.2%.

In terms of the main exporting countries, the Philippines, with a CAGR of +65.8%, saw the highest rates of growth with regard to 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, with a decrease of -8.3% against the previous year. Export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for pure polyvinyl chloride in primary forms increased by +43.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 57%. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Indonesia ($X per ton) and Malaysia ($X per ton), while Thailand ($X per ton) and the Philippines ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.6%), while the other leaders experienced more modest paces of growth.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports in South-Eastern Asia

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 -9.1% to X tons. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +7.9% 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 +21.1% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 29% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2021, and then declined in the following year.

In value terms, imports of pure polyvinyl chloride in primary forms declined markedly to $X in 2022. Over the period under review, imports, however, posted strong growth. The growth pace was the most rapid in 2021 with an increase of 68% against the previous year. As a result, imports reached the peak of $X, and then shrank sharply in the following year.

Imports by Country

Vietnam represented the major importer of pure polyvinyl chloride in primary forms in South-Eastern Asia, with the volume of imports finishing at X tons, which was near 53% of total imports in 2022. Malaysia (X tons) ranks second in terms of the total imports with an 18% share, followed by Cambodia (8.5%), Thailand (7%) and Indonesia (5.7%). The following importers - Myanmar (X tons) and Singapore (X tons) - together made up 5.1% of total imports.

Imports into Vietnam increased at an average annual rate of +17.4% from 2012 to 2022. At the same time, Cambodia (+56.2%), Myanmar (+13.5%) and Malaysia (+4.8%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +56.2% from 2012-2022. By contrast, Thailand (-2.5%), Indonesia (-3.1%) and Singapore (-6.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam and Cambodia increased by +30 and +8.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported pure polyvinyl chloride in primary forms in South-Eastern Asia, comprising 52% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 17% share of total imports. It was followed by Thailand, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam amounted to +16.5%. In the other countries, the average annual rates were as follows: Malaysia (+6.5% per year) and Thailand (-2.0% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, waning by -11.7% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 48%. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while Myanmar ($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 (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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