Global Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size

After two years of growth, the global polyvinyl chloride market decreased by -2% to $X in 2022. In general, the total consumption indicated a pronounced increase 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, consumption increased by +52.1% against 2019 indices. As a result, consumption reached the peak level of $X, and then dropped modestly in the following year.

Polyvinyl Chloride Production

In value terms, polyvinyl chloride production fell sharply to $X in 2022 estimated in export price. Over the period under review, the total production indicated a noticeable increase from 2012 to 2022: its value 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, production increased by +39.1% against 2015 indices. The growth pace was the most rapid in 2021 when the production volume increased by 44% against the previous year. As a result, production attained the peak level of $X, and then dropped notably in the following year.

Polyvinyl Chloride Exports

Exports

In 2022, shipments abroad of polyvinyl chloride increased by 1.6% to X tons, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 6.8%. The global exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, polyvinyl chloride exports declined to $X in 2022. Over the period under review, total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +65.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 66% against the previous year. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

In 2022, the United States (X tons) and China (X tons) represented the major exporters of polyvinyl chloridein the world, together resulting at near 34% of total exports. Taiwan (Chinese) (X tons) took the next position in the ranking, followed by Germany (X tons), France (X tons) and the Netherlands (X tons). All these countries together took near 24% share of total exports. Belgium (X tons), Japan (X tons), South Korea (X tons), Thailand (X tons), Indonesia (X tons), Colombia (X tons) and Spain (X tons) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +18.1%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Germany ($X) were the countries with the highest levels of exports in 2022, with a combined 41% share of global exports.

Among the main exporting countries, China, with a CAGR of +20.8%, recorded the highest growth rate of the value of exports, 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 polyvinyl chloride export price amounted to $X per ton, dropping by -2.3% against the previous year. In general, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyvinyl chloride export price increased by +52.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 56% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.6%), while the other global leaders experienced more modest paces of growth.

Polyvinyl Chloride Imports

Imports

In 2022, approx. X tons of polyvinyl chloride were imported worldwide; waning by -3.6% compared with the previous year. The total import volume increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 7.3%. As a result, imports attained the peak of X tons, and then shrank modestly in the following year.

In value terms, polyvinyl chloride imports dropped slightly to $X in 2022. Overall, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +61.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 63% against the previous year. As a result, imports reached 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), Germany (X tons) and Italy (X tons) represented the largest importers of polyvinyl chloride, together achieving 29% of total imports. The following importers - Canada (X tons), China (X tons), Vietnam (X tons), Belgium (X tons), Poland (X tons), Mexico (X tons), Bangladesh (X tons), Brazil (X tons) and the UK (X tons) - together made up 27% of total imports.

Imports into India increased at an average annual rate of +5.4% from 2012 to 2022. At the same time, Vietnam (+13.8%), Bangladesh (+10.2%), Poland (+3.3%), the UK (+2.4%), Canada (+1.8%) and Belgium (+1.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in the world, with a CAGR of +13.8% from 2012-2022. Turkey, Mexico, Italy and Germany experienced a relatively flat trend pattern. By contrast, Brazil (-1.4%) and China (-8.2%) illustrated a downward trend over the same period. India (+4.5 p.p.) and Vietnam (+2.2 p.p.) significantly strengthened its position in terms of the global imports, while China saw its share reduced by -5.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), Turkey ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 24% share of global imports. Italy, Canada, Poland, China, Mexico, the UK, Belgium, Brazil, Vietnam and Bangladesh lagged somewhat behind, together accounting for a further 32%.

Bangladesh, with a CAGR of +11.6%, saw the highest rates of growth with regard to the value of imports, among 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

The average polyvinyl chloride import price stood at $X per ton in 2022, surging by 2.4% against the previous year. Over the period under review, import price indicated measured growth 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, polyvinyl chloride import price increased by +55.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 52% against the previous year. Global import price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while Vietnam ($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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