Thailand: Market for Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Plasticised Mixed Polyvinyl Chloride in Primary Forms in Thailand

The Thai market for plasticised mixed polyvinyl chloride in primary forms fell to $X in 2022, with a decrease of -9.2% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2021, and then dropped in the following year.

Production of Plasticised Mixed Polyvinyl Chloride in Primary Forms in Thailand

In value terms, production of plasticised mixed polyvinyl chloride in primary forms contracted modestly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 15% against the previous year. Over the period under review, production of reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from Thailand

In 2022, after three years of decline, there was significant growth in shipments abroad of plasticised mixed polyvinyl chloride in primary forms, when their volume increased by 17% to X tons. Over the period under review, exports, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2014 when exports increased by 19% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, exports of plasticised mixed polyvinyl chloride in primary forms skyrocketed to $X in 2022. The total export value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 30%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Vietnam (X tons), India (X tons) and China (X tons) were the main destinations of exports of plasticised mixed polyvinyl chloride in primary forms from Thailand, together accounting for 48% of total exports. Lao People's Democratic Republic, Malaysia, Indonesia, Kenya, Myanmar, Singapore, Mexico, Djibouti and the United States lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +179.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plasticised mixed polyvinyl chloride in primary forms exported from Thailand were Vietnam ($X), India ($X) and Lao People's Democratic Republic ($X), together comprising 51% of total exports. China, Malaysia, Mexico, Indonesia, Singapore, Myanmar, Kenya, the United States and Djibouti lagged somewhat behind, together accounting for a further 41%.

Mexico, with a CAGR of +226.1%, recorded the highest growth rate of 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 plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, with an increase of 9.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 27%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Djibouti ($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 Mexico (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into Thailand

After three years of growth, overseas purchases of plasticised mixed polyvinyl chloride in primary forms decreased by -14.2% to X tons in 2022. Over the period under review, imports, however, recorded a pronounced increase. The pace of growth appeared the most rapid in 2020 with an increase of 81% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2021, and then dropped in the following year.

In value terms, imports of plasticised mixed polyvinyl chloride in primary forms shrank slightly to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 64% against the previous year. Over the period under review, imports of reached the maximum at $X in 2021, and then declined slightly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest plasticised mixed polyvinyl chloride in primary forms supplier to Thailand, accounting for a 44% share of total imports. Moreover, imports of plasticised mixed polyvinyl chloride in primary forms from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. Vietnam (X tons) ranked third in terms of total imports with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+22.5% per year) and Vietnam (+4.8% per year).

In value terms, China ($X) constituted the largest supplier of plasticised mixed polyvinyl chloride in primary forms to Thailand, comprising 46% of total imports. The second position in the ranking was held by Vietnam ($X), with a 16% share of total imports. It was followed by the UK, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+6.5% per year) and the UK (+11.9% per year).

Import Prices by Country

The average import price for plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, growing by 13% against the previous year. In general, the import price, however, saw a perceptible slump. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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