Price for Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in India - 2023

Contents:

1. Price for Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in India (CIF) - 2023
2. Price for Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in India (FOB) - 2023
3. Imports of Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in India
4. Exports of Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in India

Price for Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in India (CIF) - 2023

In October 2023, the average import price for polymers of vinyl chloride or of other halogenated olefins, in primary formses amounted to $969 per ton, surging by 5.6% against the previous month. Overall, the import price, however, saw a mild slump. The growth pace was the most rapid in April 2023 an increase of 6.4% month-to-month. Over the period under review, average import prices hit record highs at $1,174 per ton in November 2022; however, from December 2022 to October 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Thailand ($1,433 per ton), while the price for Mexico ($787 per ton) was amongst the lowest.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Thailand (+1.1%), while the prices for the other major suppliers experienced a decline.

Price for Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in India (FOB) - 2023

In October 2023, the average export price for polymers of vinyl chloride or of other halogenated olefins, in primary formses amounted to $4,265 per ton, reducing by -29.1% against the previous month. Over the period under review, the export price saw a pronounced descent. The pace of growth appeared the most rapid in January 2023 an increase of 19% m-o-m. As a result, the export price reached the peak level of $7,847 per ton. From February 2023 to October 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was the United States ($15,235 per ton), while the average price for exports to Nigeria ($905 per ton) was amongst the lowest.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in India

Imports of polymers of vinyl chloride or of other halogenated olefins, in primary formses into India rose markedly to 2.2M tons in 2022, surging by 12% on 2021 figures. Over the period under review, imports, however, showed a perceptible shrinkage.

In value terms, imports of polymers of vinyl chloride or of other halogenated olefins, in primary formses expanded remarkably to $3.4B in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +12.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 68%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms to India in 2022:

1. China (632.8K tons)
2. Japan (393.7K tons)
3. Taiwan (Chinese) (325.4K tons)
4. South Korea (223.6K tons)
5. Thailand (205.9K tons)
6. United States (108.5K tons)
7. Indonesia (62.2K tons)
8. Norway (12.3K tons)
9. Russia (5.7K tons)
10. Colombia (5.3K tons)

Exports of Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in India

In 2022, after three years of growth, there was significant decline in shipments abroad of polymers of vinyl chloride or of other halogenated olefins, in primary formses, when their volume decreased by -8.5% to 51K tons. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +11.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37%. As a result, the exports reached the peak of 56K tons, and then reduced in the following year.

In value terms, exports of polymers of vinyl chloride or of other halogenated olefins, in primary formses skyrocketed to $300M in 2022. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 29%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms from India in 2022:

1. United States (6.4K tons)
2. Nigeria (6.0K tons)
3. Nepal (5.7K tons)
4. United Arab Emirates (5.1K tons)
5. Germany (4.4K tons)
6. Kenya (2.0K tons)
7. Sri Lanka (1.9K tons)
8. Turkey (1.7K tons)
9. Italy (1.7K tons)
10. United Kingdom (1.4K tons)
11. Qatar (1.1K tons)
12. Bangladesh (1.1K tons)
13. Spain (1.1K tons)

Source: IndexBox Market Intelligence Platform