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

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

The Thai market for non-plasticised mixed polyvinyl chloride in primary forms contracted slightly to $X in 2022, waning by -1.5% against the previous year. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +1.5% against 2018 indices. Consumption of peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms in Thailand

In value terms, production of non-plasticised mixed polyvinyl chloride in primary forms fell to $X in 2022 estimated in export price. In general, production, however, continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of 63%. Production of peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from Thailand

For the fourth consecutive year, Thailand recorded growth in overseas shipments of non-plasticised mixed polyvinyl chloride in primary forms, which increased by 7% to X tons in 2022. Overall, exports posted a prominent expansion. The growth pace was the most rapid in 2016 with an increase of 178% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of non-plasticised mixed polyvinyl chloride in primary forms soared to $X in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 192% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

India (X tons) was the main destination for exports of non-plasticised mixed polyvinyl chloride in primary forms from Thailand, with a 66% share of total exports. Moreover, exports of non-plasticised mixed polyvinyl chloride in primary forms to India exceeded the volume sent to the second major destination, South Korea (X tons), fivefold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume to India amounted to +57.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+101.5% per year) and the United Arab Emirates (+158.3% per year).

In value terms, India ($X) remains the key foreign market for non-plasticised mixed polyvinyl chloride in primary forms exports from Thailand, comprising 73% of total exports. The second position in the ranking was taken by South Korea ($X), with a 12% share of total exports. It was followed by the United Arab Emirates, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India amounted to +65.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+108.9% per year) and the United Arab Emirates (+114.0% per year).

Export Prices by Country

In 2022, the average export price for non-plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, rising by 20% against the previous year. Over the last decade, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2015 when the average export price increased by 31% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Lao People's Democratic Republic ($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 India (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into Thailand

In 2022, overseas purchases of non-plasticised mixed polyvinyl chloride in primary forms increased by 21% to X tons, rising for the third consecutive year after two years of decline. In general, imports posted a buoyant increase. The pace of growth was the most pronounced in 2020 when imports increased by 164%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of non-plasticised mixed polyvinyl chloride in primary forms rose markedly to $X in 2022. Over the period under review, imports recorded prominent growth. The pace of growth appeared the most rapid in 2020 when imports increased by 124% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Japan (X tons) constituted the largest non-plasticised mixed polyvinyl chloride in primary forms supplier to Thailand, accounting for a 81% share of total imports. Moreover, imports of non-plasticised mixed polyvinyl chloride in primary forms from Japan exceeded the figures recorded by the second-largest supplier, South Korea (X tons), ninefold. The third position in this ranking was held by Singapore (X tons), with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume from Japan totaled +51.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+5.4% per year) and Singapore (-0.2% per year).

In value terms, Japan ($X) constituted the largest supplier of non-plasticised mixed polyvinyl chloride in primary forms to Thailand, comprising 79% of total imports. The second position in the ranking was taken by Singapore ($X), with a 7.6% share of total imports. It was followed by South Korea, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value from Japan amounted to +47.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+1.8% per year) and South Korea (+5.9% per year).

Import Prices by Country

In 2022, the average import price for non-plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, reducing by -6.5% against the previous year. Overall, the import price recorded a mild contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by 33% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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