Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms Market

The article provides a comprehensive analysis of the global market for non-plasticised mixed polyvinyl chloride in primary forms, highlighting key trends such as rising demand, consumption patterns, production volumes, import and export statistics. The market is expected to show moderate growth over the next eight years, with both consumption and production figures projected to increase. Key insights include the dominance of China in consumption and production, as well as notable growth rates in countries like Poland and Myanmar. Import and export trends are also examined, with analysis of key exporting countries and their respective average export prices.

Market Forecast

Driven by rising demand for non-plasticised mixed polyvinyl chloride in primary forms worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +2.0% for the period from 2022 to 2030, which is projected to bring the market volume to 6.4M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.3% for the period from 2022 to 2030, which is projected to bring the market value to $11.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Global consumption of non-plasticised mixed polyvinyl chloride in primary forms reduced slightly to 5.4M tons in 2022, waning by -2.9% compared with the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, global consumption of attained the maximum volume at 6.8M tons in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

The revenue of the market for non-plasticised mixed polyvinyl chloride in primary forms worldwide reduced slightly to $8B 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). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the global market hit record highs at $9.5B in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Consumption By Country

China (1.8M tons) constituted the country with the largest volume of consumption of non-plasticised mixed polyvinyl chloride in primary forms, accounting for 33% of total volume. Moreover, consumption of non-plasticised mixed polyvinyl chloride in primary forms in China exceeded the figures recorded by the second-largest consumer, the United States (434K tons), fourfold. The third position in this ranking was taken by Indonesia (288K tons), with a 5.3% share.

In China, consumption of non-plasticised mixed polyvinyl chloride in primary forms increased at an average annual rate of +1.7% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: the United States (+1.7% per year) and Indonesia (+1.9% per year).

In value terms, China ($2.6B) led the market, alone. The second position in the ranking was held by the United States ($758M). It was followed by Japan.

From 2012 to 2022, the average annual growth rate of value in China stood at +1.9%. The remaining consuming countries recorded the following average annual rates of market growth: the United States (+0.1% per year) and Japan (+3.2% per year).

The countries with the highest levels of non-plasticised mixed polyvinyl chloride in primary forms per capita consumption in 2022 were Poland (2.6 kg per person), South Korea (2 kg per person) and Germany (1.9 kg per person).

From 2012 to 2022, the most notable rate of growth in terms of forms, amongst the main consuming countries, was attained by Poland (with a CAGR of +7.0%), while forms for the other global leaders experienced more modest paces of growth.

Production

World Production of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

In 2022, approx. 5.7M tons of non-plasticised mixed polyvinyl chloride in primary forms were produced worldwide; which is down by -1.8% on the year before. The total output volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 17%. Global production peaked at 6.2M tons in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

In value terms, production of non-plasticised mixed polyvinyl chloride in primary forms dropped modestly to $7.8B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2014 with an increase of 13% against the previous year. Over the period under review, global production of hit record highs at $8.7B in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Production By Country

China (1.9M tons) remains the largest non-plasticised mixed polyvinyl chloride in primary forms producing country worldwide, comprising approx. 33% of total volume. Moreover, production of non-plasticised mixed polyvinyl chloride in primary forms in China exceeded the figures recorded by the second-largest producer, the United States (466K tons), fourfold. The third position in this ranking was taken by Brazil (289K tons), with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume in China amounted to +2.7%. The remaining producing countries recorded the following average annual rates of production growth: the United States (+0.8% per year) and Brazil (-1.0% per year).

Imports

World Imports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Global imports of non-plasticised mixed polyvinyl chloride in primary forms fell to 772K tons in 2022, waning by -3% on 2021 figures. Overall, imports saw a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. Over the period under review, global imports of reached the peak figure at 1.8M tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of non-plasticised mixed polyvinyl chloride in primary forms expanded sharply to $1.4B in 2022. In general, imports recorded a noticeable contraction. The pace of growth was the most pronounced in 2021 with an increase of 55% against the previous year. Global imports peaked at $2.2B in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports By Country

In 2022, Poland (88K tons), followed by France (54K tons), Germany (54K tons) and Belgium (36K tons) were the key importers of non-plasticised mixed polyvinyl chloride in primary forms, together committing 30% of total imports. The UK (34K tons), Myanmar (33K tons), the Czech Republic (30K tons), Saudi Arabia (28K tons), Ireland (25K tons), Canada (25K tons), the Netherlands (24K tons), India (22K tons) and the United States (19K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Myanmar (with a CAGR of +64.9%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest non-plasticised mixed polyvinyl chloride in primary forms importing markets worldwide were Poland ($152M), France ($109M) and Germany ($93M), with a combined 25% share of global imports. Canada, the UK, Saudi Arabia, Ireland, Belgium, the United States, the Czech Republic, the Netherlands, India and Myanmar lagged somewhat behind, together accounting for a further 37%.

Myanmar, with a CAGR of +50.8%, saw the highest growth rate of 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

The average import price for non-plasticised mixed polyvinyl chloride in primary forms stood at $1,804 per ton in 2022, increasing by 9.3% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 non-plasticised mixed polyvinyl chloride in primary forms increased by +32.9% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of 29% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain 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 Canada ($2,806 per ton), while Myanmar ($657 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.8%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

In 2022, approx. 1M tons of non-plasticised mixed polyvinyl chloride in primary forms were exported worldwide; surging by 3.6% on the previous year. The total export volume increased at an average annual rate of +2.9% 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 2021 with an increase of 20%. Over the period under review, the global exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of non-plasticised mixed polyvinyl chloride in primary forms rose rapidly to $1.7B in 2022. In general, total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +74.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 50%. The global exports peaked in 2022 and are likely to see steady growth in the near future.

Exports By Country

In 2022, Taiwan (Chinese) (263K tons), distantly followed by Germany (137K tons), China (118K tons), Belgium (66K tons), the Netherlands (64K tons) and the United States (51K tons) represented the key exporters of non-plasticised mixed polyvinyl chloride in primary forms, together creating 68% of total exports. The following exporters - the UK (44K tons), Thailand (42K tons), France (40K tons), Italy (32K tons), Poland (19K tons) and Spain (16K tons) - together made up 19% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +28.0%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest non-plasticised mixed polyvinyl chloride in primary forms supplying countries worldwide were Germany ($276M), China ($238M) and Taiwan (Chinese) ($178M), together comprising 41% of global exports.

Among the main exporting countries, China, with a CAGR of +32.2%, saw 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 export price for non-plasticised mixed polyvinyl chloride in primary forms amounted to $1,661 per ton, increasing by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2021 when the average export price increased by 25% against the previous year. The global export price peaked in 2022 and is likely to continue growth in the immediate term.

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 the United States ($2,746 per ton), while Taiwan (Chinese) ($678 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform