United Kingdom: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in the UK

In 2022, the UK market for pure polyvinyl chloride in primary forms increased by 29% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +110.9% against 2020 indices. Consumption of peaked in 2022 and is expected to retain growth in the immediate term.

Production of Pure Polyvinyl Chloride in Primary Forms in the UK

In value terms, production of pure polyvinyl chloride in primary forms fell to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when the production volume increased by 3.6%. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from the UK

In 2022, approx. X tons of pure polyvinyl chloride in primary forms were exported from the UK; which is down by -32.2% compared with the year before. In general, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2017 with an increase of 66% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of pure polyvinyl chloride in primary forms plummeted to $X in 2022. Overall, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 85%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Ireland (X tons), Turkey (X tons) and Pakistan (X tons) were the main destinations of exports of pure polyvinyl chloride in primary forms from the UK, together comprising 70% of total exports. France, India, Taiwan (Chinese), the Netherlands, Cote d'Ivoire, Iraq, Germany and Belgium lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (with a CAGR of +601.5%), while the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X) emerged as the key foreign market for pure polyvinyl chloride in primary forms exports from the UK, comprising 58% of total exports. The second position in the ranking was held by Turkey ($X), with an 18% share of total exports. It was followed by France, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value to Ireland totaled +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-18.8% per year) and France (-4.7% per year).

Export Prices by Country

In 2022, the average export price for pure polyvinyl chloride in primary forms amounted to $X per ton, surging by 14% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 14% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Pakistan (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into the UK

In 2022, supplies from abroad of pure polyvinyl chloride in primary forms increased by 7.5% to X tons, rising for the third consecutive year after three years of decline. The total import volume increased at an average annual rate of +3.1% 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 2021 with an increase of 34% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of pure polyvinyl chloride in primary forms soared to $X in 2022. In general, imports recorded a strong increase. The growth pace was the most rapid in 2021 with an increase of 97% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of pure polyvinyl chloride in primary forms to the UK, accounting for a 32% share of total imports. Moreover, imports of pure polyvinyl chloride in primary forms from the Netherlands exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Mexico (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+18.9% per year) and Mexico (+21.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of pure polyvinyl chloride in primary forms to the UK, comprising 31% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by Belgium, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands stood at +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.5% per year) and Belgium (-4.9% per year).

Import Prices by Country

The average import price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, surging by 27% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price 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, import price for pure polyvinyl chloride in primary forms increased by +86.7% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 47%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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