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

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

In 2022, the Vietnamese market for non-plasticised mixed polyvinyl chloride in primary forms was finally on the rise to reach $X after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level 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 Vietnam

In value terms, production of non-plasticised mixed polyvinyl chloride in primary forms shrank modestly to $X in 2022 estimated in export price. In general, production recorded a slight shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 17%. As a result, production attained the peak level of $X. From 2016 to 2022, production of growth remained at a somewhat lower figure.

Exports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from Vietnam

In 2022, shipments abroad of non-plasticised mixed polyvinyl chloride in primary forms decreased by -15.9% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports saw a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 60% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of non-plasticised mixed polyvinyl chloride in primary forms contracted markedly to $X in 2022. Over the period under review, exports saw a pronounced contraction. The most prominent rate of growth was recorded in 2021 with an increase of 66% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bangladesh (X tons), Canada (X tons) and Sri Lanka (X tons) were the main destinations of exports of non-plasticised mixed polyvinyl chloride in primary forms from Vietnam, together accounting for 69% of total exports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +23.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), Canada ($X) and Sri Lanka ($X) constituted the largest markets for non-plasticised mixed polyvinyl chloride in primary forms exported from Vietnam worldwide, together comprising 71% of total exports.

Among the main countries of destination, Bangladesh, with a CAGR of +27.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for non-plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, declining by -4.7% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 13%. As a result, the export price attained the peak level of $X per ton, and then fell modestly in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and China ($X per ton), while the average price for exports to Thailand ($X per ton) and Cambodia ($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 Cambodia (+3.8%), 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 Vietnam

In 2022, the amount of non-plasticised mixed polyvinyl chloride in primary forms imported into Vietnam was estimated at X tons, rising by 12% against the previous year. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.6% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 32% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, imports of non-plasticised mixed polyvinyl chloride in primary forms dropped modestly to $X in 2022. Overall, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.7% against 2018 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 29% against the previous year. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) were the main suppliers of imports of non-plasticised mixed polyvinyl chloride in primary forms to Vietnam, with a combined 69% share of total imports. The Philippines, Singapore, Thailand, the United States and South Korea lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +58.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-plasticised mixed polyvinyl chloride in primary forms suppliers to Vietnam were China ($X), Taiwan (Chinese) ($X) and Japan ($X), together comprising 72% of total imports. The Philippines, Singapore, the United States, Thailand and South Korea lagged somewhat behind, together accounting for a further 25%.

The United States, with a CAGR of +42.4%, recorded the highest growth rate of the value of imports, among the main suppliers 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 import price for non-plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, dropping by -12.5% against the previous year. Overall, the import price saw a slight setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 29% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and China ($X per ton), while the price for the Philippines ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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