Thailand: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Thailand

The Thai market for pure polyvinyl chloride in primary forms shrank significantly to $X in 2022, falling by -16.9% against the previous year. Over the period under review, consumption saw a pronounced decline. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Pure Polyvinyl Chloride in Primary Forms in Thailand

In value terms, production of pure polyvinyl chloride in primary forms dropped to $X in 2022 estimated in export price. In general, production showed a mild decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by 44% against the previous year. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from Thailand

In 2022, approx. X tons of pure polyvinyl chloride in primary forms were exported from Thailand; surging by 15% against the previous year. The total export volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 28%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of pure polyvinyl chloride in primary forms shrank to $X in 2022. In general, total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +51.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 67% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

India (X tons) was the main destination for exports of pure polyvinyl chloride in primary forms from Thailand, with a 35% share of total exports. Moreover, exports of pure polyvinyl chloride in primary forms to India exceeded the volume sent to the second major destination, Vietnam (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume to India totaled +23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+5.8% per year) and China (+3.2% per year).

In value terms, India ($X) remains the key foreign market for pure polyvinyl chloride in primary forms exports from Thailand, comprising 34% of total exports. The second position in the ranking was held by Vietnam ($X), with a 13% share of total exports. It was followed by Malaysia, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India totaled +24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+7.6% per year) and Malaysia (-1.2% per year).

Export Prices by Country

The average export price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, falling by -21.1% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.0% 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 +22.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 54% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank dramatically in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Bangladesh ($X per ton) and Pakistan ($X per ton), while the average price for exports to China ($X per ton) and New Zealand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into Thailand

Imports of pure polyvinyl chloride in primary forms into Thailand shrank slightly to X tons in 2022, reducing by -4.3% on 2021 figures. Overall, imports saw a noticeable decrease. The pace of growth was the most pronounced in 2016 when imports increased by 47% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of pure polyvinyl chloride in primary forms shrank to $X in 2022. In general, imports recorded a noticeable shrinkage. The growth pace was the most rapid in 2016 when imports increased by 32%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

China (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of imports of pure polyvinyl chloride in primary forms to Thailand, with a combined 86% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +3.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest pure polyvinyl chloride in primary forms suppliers to Thailand were China ($X), Japan ($X) and Taiwan (Chinese) ($X), together accounting for 81% of total imports.

Among the main suppliers, China, with a CAGR of +4.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for pure polyvinyl chloride in primary forms amounted to $X per ton, waning by -2.2% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 35% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped modestly in the following year.

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 the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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