Southern Asia: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Southern Asia

The South Asian market for pure polyvinyl chloride in primary forms shrank modestly to $X in 2022, leveling off at the previous year. Overall, consumption recorded a prominent increase. Over the period under review, the market attained the peak level at $X in 2021, and then dropped in the following year.

Production of Pure Polyvinyl Chloride in Primary Forms in Southern Asia

In value terms, production of pure polyvinyl chloride in primary forms contracted slightly to $X in 2022 estimated in export price. In general, production recorded a mild downturn. The growth pace was the most rapid in 2018 when the production volume increased by 42% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports in Southern Asia

Exports of pure polyvinyl chloride in primary forms rose slightly to X tons in 2022, picking up by 4.7% on the previous year. In general, exports showed a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of 2,894% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of pure polyvinyl chloride in primary forms dropped remarkably to $X in 2022. Overall, exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2020 with an increase of 1,450% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Pakistan represented the key exporting country with an export of around X tons, which amounted to 68% of total exports. It was distantly followed by India (X tons), achieving a 32% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to pure polyvinyl chloride in primary forms exports from Pakistan stood at +9.4%. At the same time, India (+50.6%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +50.6% from 2012-2022. From 2012 to 2022, the share of India increased by +30 percentage points.

In value terms, Pakistan ($X) and India ($X) appeared to be the countries with the highest levels of exports in 2022.

Among the main exporting countries, India, with a CAGR of +47.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, falling by -19.9% against the previous year. Export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.5% 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 +83.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 129% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell dramatically in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+1.8%).

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports in Southern Asia

Imports of pure polyvinyl chloride in primary forms rose to X tons in 2022, increasing by 4.1% compared with the year before. Overall, imports posted significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by 82%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of pure polyvinyl chloride in primary forms dropped modestly to $X in 2022. Over the period under review, imports recorded a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 95%. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

India represented the major importing country with an import of about X tons, which reached 82% of total imports. It was distantly followed by Bangladesh (X tons), making up a 14% share of total imports. Pakistan (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the pure polyvinyl chloride in primary forms imports, with a CAGR of +37.7% from 2012 to 2022. At the same time, Bangladesh (+9.8%) and Pakistan (+6.4%) displayed positive paces of growth. While the share of India (+54 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Pakistan (-5.5 p.p.) and Bangladesh (-33.2 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported pure polyvinyl chloride in primary forms in Southern Asia, comprising 84% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at +41.1%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+11.1% per year) and Pakistan (+7.9% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, waning by -7.1% against the previous year. Import price indicated a tangible increase 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, import price for pure polyvinyl chloride in primary forms increased by +49.6% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 61% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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