Pure Polyvinyl Chloride in Primary Forms Market

The article provides a comprehensive overview of the global market for pure polyvinyl chloride in primary forms, projecting a positive consumption trend with a CAGR of +1.9% and a market volume of 38M tons by 2030. It highlights the largest consuming and producing countries, as well as trends in imports and exports. The analysis covers consumption patterns, production volumes, import and export values, and average prices over the period from 2012 to 2022, offering insights into key market drivers and growth opportunities.

Market Forecast

Driven by rising demand for pure polyvinyl chloride in primary forms worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.9% for the period from 2022 to 2030, which is projected to bring the market volume to 38M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.1% for the period from 2022 to 2030, which is projected to bring the market value to $50.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Pure Polyvinyl Chloride in Primary Forms

Global consumption of pure polyvinyl chloride in primary forms reduced slightly to 33M tons in 2022, falling by -2.4% against 2021 figures. In general, consumption saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the consumption volume increased by 5.2% against the previous year. Over the period under review, global consumption of hit record highs at 36M tons in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

The revenue of the market for pure polyvinyl chloride in primary forms worldwide declined modestly to $36.4B in 2022, remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $36.6B, leveling off in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (6M tons), the United States (4.7M tons) and India (1.9M tons), together comprising 38% of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of forms, amongst the leading consuming countries, was attained by India (with a CAGR of +37.6%), while forms for the other global leaders experienced more modest paces of growth.

In value terms, the largest pure polyvinyl chloride in primary forms markets worldwide were China ($5.5B), the United States ($4.3B) and India ($2.3B), with a combined 33% share of the global market.

India, with a CAGR of +39.9%, recorded the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while forms for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of pure polyvinyl chloride in primary forms per capita consumption in 2022 were Germany (14 kg per person), the United States (14 kg per person) and Japan (11 kg per person).

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +36.1%), while forms for the other global leaders experienced more modest paces of growth.

Production

World Production of Pure Polyvinyl Chloride in Primary Forms

In 2022, global production of pure polyvinyl chloride in primary forms shrank modestly to 33M tons, with a decrease of -3.3% compared with the previous year. Overall, production saw a mild slump. The most prominent rate of growth was recorded in 2017 with an increase of 4.1% against the previous year. Over the period under review, global production of reached the peak volume at 37M tons in 2012; however, from 2013 to 2022, production failed to regain momentum.

In value terms, production of pure polyvinyl chloride in primary forms dropped modestly to $33.6B in 2022 estimated in export price. Over the period under review, production recorded a mild downturn. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. Over the period under review, global production of attained the maximum level at $37.2B in 2012; however, from 2013 to 2022, production remained at a lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (7.6M tons), the United States (6.9M tons) and Japan (2M tons), together comprising 50% of global production. Indonesia, Germany, Russia, South Korea, France, Taiwan (Chinese), Thailand, the Netherlands, the Philippines and Iran lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +4.4%), while forms for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Pure Polyvinyl Chloride in Primary Forms

In 2022, global imports of pure polyvinyl chloride in primary forms declined modestly to 12M tons, dropping by -2.6% compared with the year before. The total import volume increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 12%. Over the period under review, global imports of reached the maximum at 13M tons in 2021, and then declined slightly in the following year.

In value terms, imports of pure polyvinyl chloride in primary forms totaled $18.8B in 2022. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +70.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 69% against the previous year. Global imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports By Country

In 2022, India (1.9M tons), distantly followed by Turkey (842K tons), Germany (601K tons), Italy (576K tons) and Canada (557K tons) were the main importers of pure polyvinyl chloride in primary forms, together constituting 36% of total imports. Vietnam (475K tons), China (440K tons), Belgium (364K tons), Brazil (326K tons), the UK (319K tons), Bangladesh (315K tons), Mexico (299K tons) and the United States (281K tons) held a relatively small share of total imports.

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 (+16.4%), Bangladesh (+9.3%), the UK (+3.1%), Canada (+2.5%), Belgium (+2.2%) and Mexico (+1.6%) displayed positive paces of growth. The United States, Turkey, 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. India (+14 p.p.) and Vietnam (+2.8 p.p.) significantly strengthened its position in terms of the global imports, while Italy and China saw its share reduced by -1.8% and -7.3% from 2012 to 2022, respectively. 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 ($2.5B), Turkey ($1.3B) and Germany ($1B), together accounting for 26% of global imports.

Among the main importing countries, India, with a CAGR of +41.1%, saw the highest growth rate of the value of imports, 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 $1,519 per ton, growing by 3.4% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% 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 +67.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 62%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

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 ($1,847 per ton), while Bangladesh ($1,104 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.9%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Pure Polyvinyl Chloride in Primary Forms

In 2022, the amount of pure polyvinyl chloride in primary forms exported worldwide declined slightly to 13M tons, dropping by -4.8% against 2021 figures. The total export volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 8.9% against the previous year. As a result, the exports attained the peak of 13M tons, and then declined slightly in the following year.

In value terms, exports of pure polyvinyl chloride in primary forms contracted to $17.4B in 2022. In general, total exports indicated a moderate 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, exports increased by +64.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 74% against the previous year. As a result, the exports attained the peak of $18.4B, and then declined in the following year.

Exports By Country

The United States (2.5M tons) and China (2.1M tons) represented the major exporters of pure polyvinyl chloride in primary forms in 2022, recording approx. 20% and 17% of total exports, respectively. Taiwan (Chinese) (838K tons) held the next position in the ranking, followed by Germany (682K tons), France (673K tons), the Netherlands (601K tons) and Japan (583K tons). All these countries together held near 27% share of total exports. South Korea (555K tons), Belgium (533K tons), Thailand (434K tons), Indonesia (374K tons), Colombia (301K tons) and Spain (236K tons) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +18.0%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest pure polyvinyl chloride in primary forms supplying countries worldwide were the United States ($3.3B), China ($2.5B) and Germany ($1.3B), with a combined 40% share of global exports.

China, with a CAGR of +20.6%, saw the highest growth rate of 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 $1,391 per ton, approximately equating the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price 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, export price for pure polyvinyl chloride in primary forms increased by +58.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 60%. As a result, the export price attained the peak level of $1,404 per ton, leveling off in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($1,877 per ton), while Indonesia ($1,031 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.

Source: IndexBox Market Intelligence Platform