Southern Asia: Market for Plasticised Mixed Polyvinyl Chloride in Primary Forms 2025

Market Size for Plasticised Mixed Polyvinyl Chloride in Primary Forms in Southern Asia

The South Asian market for plasticised mixed polyvinyl chloride in primary forms shrank to $X in 2022, waning by -2.7% against the previous year. Overall, consumption continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of 6.5%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Plasticised Mixed Polyvinyl Chloride in Primary Forms in Southern Asia

In value terms, production of plasticised mixed polyvinyl chloride in primary forms contracted slightly to $X in 2022 estimated in export price. In general, production showed a pronounced downturn. The most prominent rate of growth was recorded in 2017 with an increase of 8%. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports in Southern Asia

In 2022, overseas shipments of plasticised mixed polyvinyl chloride in primary forms decreased by -11.4% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, saw strong growth. The pace of growth appeared the most rapid in 2013 with an increase of 36% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, exports of plasticised mixed polyvinyl chloride in primary forms reduced to $X in 2022. In general, exports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 43%. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

The shipments of the one major exporters of plasticised mixed polyvinyl chloride in primary forms, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the plasticised mixed polyvinyl chloride in primary forms exports, with a CAGR of +11.3% from 2012 to 2022. While the share of India (+4.1 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest plasticised mixed polyvinyl chloride in primary forms supplier in Southern Asia.

In India, exports of plasticised mixed polyvinyl chloride in primary forms expanded at an average annual rate of +11.0% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, approximately mirroring the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 37%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -0.3% per year.

Imports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports in Southern Asia

In 2022, purchases abroad of plasticised mixed polyvinyl chloride in primary forms decreased by -13.3% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a pronounced reduction. The pace of growth appeared the most rapid in 2019 with an increase of 32%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, imports of plasticised mixed polyvinyl chloride in primary forms reduced to $X in 2022. Overall, imports showed a slight setback. The growth pace was the most rapid in 2021 with an increase of 61% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Bangladesh (X tons) and India (X tons) were the largest importers of plasticised mixed polyvinyl chloride in primary forms in 2022, finishing at approx. 35% and 33% of total imports, respectively. Sri Lanka (X tons) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by Nepal (10%) and Pakistan (9.6%).

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +32.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Bangladesh ($X) and Sri Lanka ($X) constituted the countries with the highest levels of imports in 2022, with a combined 83% share of total imports.

In terms of the main importing countries, Bangladesh, with a CAGR of +33.7%, saw the highest growth rate of 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

The import price in Southern Asia stood at $X per ton in 2022, increasing by 3.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2021 an increase of 24% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in India ($X per ton) and Sri Lanka ($X per ton), while Nepal ($X per ton) and Pakistan ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :