Overview of the Global Market for Pure Polyvinyl Chloride in Primary Forms

Market Size for Pure Polyvinyl Chloride in Primary Forms

The global market for pure polyvinyl chloride in primary forms shrank slightly to $X in 2022, with a decrease of -2.7% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then shrank slightly in the following year.

Production of Pure Polyvinyl Chloride in Primary Forms

In value terms, production of pure polyvinyl chloride in primary forms fell to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by 14%. Global production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports

In 2022, global exports of pure polyvinyl chloride in primary forms declined slightly to X tons, therefore, remained relatively stable against the year before. The total export volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 7.6% against the previous year. The global exports peaked at X tons in 2021, and then contracted modestly in the following year.

In value terms, exports of pure polyvinyl chloride in primary forms contracted modestly to $X in 2022. In general, total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +64.3% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 71% against the previous year. As a result, the exports reached the peak of $X, and then shrank modestly in the following year.

Exports by Country

The United States (X tons) and China (X tons) represented the key exporters of pure polyvinyl chloride in primary forms in 2022, finishing at near 19% and 16% of total exports, respectively. Taiwan (Chinese) (X tons) took the next position in the ranking, followed by Germany (X tons), France (X tons), the Netherlands (X tons) and Japan (X tons). All these countries together took approx. 29% share of total exports. South Korea (X tons), Belgium (X tons), Thailand (X tons), Indonesia (X tons), Colombia (X tons) and Spain (X tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by China (with a CAGR of +18.0%), while the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of exports in 2022, with a combined 41% share of global exports. Germany, France, the Netherlands, Belgium, Japan, South Korea, Indonesia, Thailand, Colombia and Spain lagged somewhat behind, together accounting for a further 41%.

Indonesia, with a CAGR of +22.3%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for pure polyvinyl chloride in primary forms amounted to $X per ton, declining by -3% against the previous year. In general, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.7% 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 +54.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 59%. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Thailand ($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 (+4.9%), while the other global leaders experienced more modest paces of growth.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports

Global imports of pure polyvinyl chloride in primary forms fell to X tons in 2022, which is down by -5.2% against the previous year's figure. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 12%. Global imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, imports of pure polyvinyl chloride in primary forms fell modestly to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +62.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 70%. As a result, imports attained the peak of $X, and then reduced slightly in the following year.

Imports by Country

In 2022, India (X tons), distantly followed by Turkey (X tons), Italy (X tons), Germany (X tons) and Canada (X tons) represented the main importers of pure polyvinyl chloride in primary forms, together comprising 36% of total imports. Vietnam (X tons), China (X tons), Bangladesh (X tons), Brazil (X tons), the UK (X tons), Mexico (X tons), Belgium (X tons) and the United States (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the pure polyvinyl chloride in primary forms imports, with a CAGR of +37.7% from 2012 to 2022. At the same time, Vietnam (+17.4%), Bangladesh (+9.8%), the UK (+3.1%), Canada (+2.5%) and Mexico (+1.6%) displayed positive paces of growth. The United States, Turkey, Belgium, Germany and Italy experienced a relatively flat trend pattern. By contrast, Brazil (-1.3%) and China (-8.4%) illustrated a downward trend over the same period. While the share of India (+15 p.p.) and Vietnam (+3.1 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Italy (-1.6 p.p.) and China (-7.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pure polyvinyl chloride in primary forms importing markets worldwide were India ($X), Turkey ($X) and Italy ($X), together comprising 27% of global imports.

India, with a CAGR of +41.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for pure polyvinyl chloride in primary forms amounted to $X per ton, flattening at the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.9% 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 +61.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 60% against the previous year. Global import price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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