Latest Report Update: Mar 17, 2023
China - Polyvinyl Chloride in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Mar 17, 2023
Polyvinyl Chloride Price in China Experiences Drastic Decline to $1,026 per Ton
China Polyvinyl Chloride Export Price in December 2022
In December 2022, the polyvinyl chloride price stood at $1,026 per ton (FOB, China), reducing by -9% against the previous month. Overall, the export price recorded a noticeable slump. The most prominent rate of growth was recorded in April 2022 when the average export price increased by 0.9% against the previous month. The export price peaked at $1,465 per ton in January 2022; however, from February 2022 to December 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was Indonesia ($1,877 per ton), while the average price for exports to Pakistan ($787 per ton) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.
China Polyvinyl Chloride Exports
In December 2022, after seven months of decline, there was significant growth in shipments abroad of polyvinyl chloride, when their volume increased by 43% to 161K tons. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2022 when exports increased by 84% month-to-month. The exports peaked at 316K tons in April 2022; however, from May 2022 to December 2022, the exports failed to regain momentum.
In value terms, polyvinyl chloride exports surged to $165M (IndexBox estimates) in December 2022. Overall, exports, however, saw a perceptible descent. The pace of growth appeared the most rapid in March 2022 with an increase of 84% against the previous month. Over the period under review, the exports hit record highs at 442K tons in April 2022; however, from May 2022 to December 2022, the exports failed to regain momentum.
China Polyvinyl Chloride Exports by Country
India (74K tons) was the main destination for polyvinyl chloride exports from China, accounting for a 46% share of total exports. Moreover, polyvinyl chloride exports to India exceeded the volume sent to the second major destination, Egypt (9.6K tons), eightfold. The third position in this ranking was taken by Vietnam (9.1K tons), with a 5.7% share.
From January 2022 to December 2022, the average monthly growth rate of volume to India stood at +11.9%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Egypt (-3.5% per month) and Vietnam (-8.5% per month).
In value terms, India ($59M) emerged as the key foreign market for polyvinyl chloride exports from China, comprising 36% of total exports. The second position in the ranking was taken by Vietnam ($11M), with a 7% share of total exports. It was followed by Egypt, with a 5.1% share.
From January 2022 to December 2022, the average monthly growth rate of value to India amounted to +5.2%. Exports to the other major destinations recorded the following average monthly rates of export growth: Vietnam (-10.0% per month) and Egypt (-7.7% per month).
Why China's PVC Prices Have Dropped
The decrease in price is largely attributed to oversupply, as domestic production continues to increase. China began exporting more PVC to overseas markets due to the oversupply. However, the trade tension with the US and other countries has led buyers to look for alternative markets.
The ongoing tariff war between the US and China has also affected the PVC industry, as the US has imposed 25% tariffs on imports from China. This has led to a decrease in exports to the US, one of the largest importers of PVC from China.
Furthermore, China has implemented stricter environmental regulations, leading to the closure of some PVC factories. This has also contributed to the decrease in supply and the drop in price.
Despite the challenges faced by the PVC industry, it remains a crucial component in various industries. The construction sector, for instance, is one of the largest consumers of PVC products such as pipes, fittings, and flooring. The automotive industry also relies heavily on PVC, with applications ranging from tubing to dashboards.
Manufacturers and exporters of PVC in China are now looking for ways to remain competitive, such as increasing efficiency and innovating new products. They are also exploring new markets in Southeast Asia and Africa, which have a growing demand for PVC.
In conclusion, the drop in PVC prices in China is a significant trend that has affected the industry globally. While the challenges are numerous, there are also opportunities for innovation and growth, especially in emerging markets. As the industry continues to adapt and evolve, it remains an important contributor to the global economy.
This report provides an in-depth analysis of the polyvinyl chloride market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
• Prodcom 20163010 - Polyvinyl chloride, not mixed with any other substances, in primary forms
• Prodcom 20163023 - Non-plasticised polyvinyl chloride mixed with any other substance, in primary forms
• Prodcom 20163025 - Plasticised polyvinyl chloride mixed with any other substance, i n primary forms
Country coverage:
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in China
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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