Ukraine: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in Ukraine

The Ukrainian polyvinyl chloride market dropped to $X in 2022, reducing by -13.7% against the previous year. Over the period under review, consumption saw a mild setback. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Polyvinyl Chloride Production in Ukraine

In value terms, polyvinyl chloride production fell notably to $X in 2022 estimated in export price. In general, production saw a measured expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 94% against the previous year. Over the period under review, production attained the maximum level at $X in 2021, and then declined rapidly in the following year.

Polyvinyl Chloride Exports

Exports from Ukraine

In 2022, exports of polyvinyl chloride from Ukraine expanded remarkably to X tons, with an increase of 9.8% against the previous year's figure. In general, exports showed buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 477%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, polyvinyl chloride exports contracted remarkably to $X in 2022. Over the period under review, exports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2017 when exports increased by 317% against the previous year. The exports peaked at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

Turkey (X tons) was the main destination for polyvinyl chloride exports from Ukraine, with a 34% share of total exports. Moreover, polyvinyl chloride exports to Turkey exceeded the volume sent to the second major destination, Poland (X tons), twofold. Germany (X tons) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey stood at +29.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+214.7% per year) and Germany (+91.1% per year).

In value terms, Turkey ($X) remains the key foreign market for polyvinyl chloride exports from Ukraine, comprising 32% of total exports. The second position in the ranking was held by Poland ($X), with a 16% share of total exports. It was followed by Germany, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value to Turkey amounted to +13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+178.6% per year) and Germany (+52.3% per year).

Export Prices by Country

In 2022, the average polyvinyl chloride export price amounted to $X per ton, which is down by -77.9% against the previous year. Over the period under review, the export price faced a deep contraction. The most prominent rate of growth was recorded in 2021 an increase of 50%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 Belarus ($X per ton), while the average price for exports to Bulgaria ($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 (+4.7%), while the prices for the other major destinations experienced a decline.

Polyvinyl Chloride Imports

Imports into Ukraine

In 2022, polyvinyl chloride imports into Ukraine contracted modestly to X tons, falling by -4.8% compared with the previous year's figure. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2013 when imports increased by 25% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, polyvinyl chloride imports contracted to $X in 2022. In general, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), the United States (X tons) and China (X tons) were the main suppliers of polyvinyl chloride imports to Ukraine, with a combined 59% share of total imports. Poland, Hungary, France, the Netherlands, Slovakia, Mexico, Norway, Turkey and Belgium lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +35.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyvinyl chloride suppliers to Ukraine were Germany ($X), China ($X) and the United States ($X), together comprising 58% of total imports. Poland, Hungary, France, the Netherlands, Slovakia, Mexico, Norway, Belgium and Turkey lagged somewhat behind, together comprising a further 37%.

In terms of the main suppliers, Belgium, with a CAGR of +35.8%, 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

In 2022, the average polyvinyl chloride import price amounted to $X per ton, increasing by 3.7% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyvinyl chloride import price increased by +58.7% against 2018 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 57%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and the Netherlands ($X per ton), while the price for the United States ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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