Report Update: Apr 1, 2024

Vietnam - Polyvinyl Chloride in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Polyvinyl Chloride Price in Vietnam - 2021

Polyvinyl Chloride Price in Vietnam (CIF) - 2021

The average polyvinyl chloride import price stood at $1,709 per ton in December 2021, flattening at the previous month. Over the period from December 2020 to December 2021, it increased at an average monthly rate of +4.3%. The most prominent rate of growth was recorded in January 2021 an increase of 68% m-o-m. Over the period under review, average import prices reached the maximum at $1,732 per ton in July 2021; afterwards, it flattened through to December 2021.

Average prices varied noticeably amongst the major supplying countries. In December 2021, the highest price was recorded for prices from the Philippines ($1,868 per ton) and South Korea ($1,843 per ton), while the price for Taiwan (Chinese) ($1,664 per ton) and Indonesia ($1,675 per ton) were amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Polyvinyl Chloride Price in Vietnam (FOB) - 2021

In December 2021, the average polyvinyl chloride export price amounted to $1,949 per ton, picking up by 7.3% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.4%. The most prominent rate of growth was recorded in January 2021 an increase of 46% m-o-m. The export price peaked at $1,987 per ton in May 2021; however, from June 2021 to December 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In December 2021, the countries with the highest prices were China ($2,034 per ton) and Myanmar ($2,034 per ton), while the average price for exports to Indonesia ($1,658 per ton) and India ($1,847 per ton) were amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Polyvinyl Chloride Imports in Vietnam

Polyvinyl chloride imports into Vietnam skyrocketed to 458K tons in 2022, with an increase of 17% compared with 2021 figures. The total import volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 30%. As a result, imports attained the peak of 526K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, polyvinyl chloride imports expanded significantly to $477M in 2022. The total import value increased at an average annual rate of +5.3% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year. As a result, imports attained the peak of $517M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Polyvinyl Chloride in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	48.4	94.0	181	177	54.1%
Taiwan (Chinese)	108	137	82.8	96.4	-3.7%
Japan	83.2	103	47.2	63.0	-8.9%
Thailand	52.4	47.8	37.2	42.6	-6.7%
Indonesia	26.1	32.1	25.1	28.7	3.2%
United States	45.0	44.4	21.4	23.7	-19.2%
South Korea	20.2	26.4	15.1	17.4	-4.9%
Philippines	6.2	7.7	16.2	16.4	38.3%
Others	19.8	24.0	11.4	12.2	-14.9%
Total	409	517	437	477	5.3%

Top Suppliers of Polyvinyl Chloride to Vietnam in 2022:

China (165.9K tons)
Taiwan (Chinese) (84.8K tons)
Japan (69.9K tons)
United States (42.1K tons)
Thailand (34.6K tons)
Indonesia (21.7K tons)
Philippines (17.6K tons)
South Korea (12.9K tons)

Polyvinyl Chloride Exports in Vietnam

In 2022, after three years of growth, there was significant decline in overseas shipments of polyvinyl chloride, when their volume decreased by -12.1% to 83K tons. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 77%.

In value terms, polyvinyl chloride exports shrank dramatically to $129M in 2022. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 86% against the previous year. As a result, the exports reached the peak of $167M, and then contracted dramatically in the following year.

Export of Polyvinyl Chloride in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	6.0	25.2	67.2	42.5	92.0%
Thailand	9.5	13.4	14.6	14.6	15.4%
Bangladesh	7.5	8.7	13.3	13.0	20.1%
China	1.5	2.7	5.6	5.7	56.0%
Canada	1.1	1.9	3.4	5.1	66.7%
Indonesia	1.1	2.1	4.7	4.6	61.1%
Sri Lanka	3.7	4.7	9.1	4.6	7.5%
Australia	2.8	2.3	5.0	4.3	15.4%
Cambodia	0.8	1.4	2.9	2.9	53.6%
South Korea	3.0	2.7	2.9	2.8	-2.3%
Pakistan	1.0	1.2	2.8	2.7	39.2%
Qatar	3.3	2.9	6.6	1.8	-18.3%
Myanmar	1.9	3.4	3.0	1.4	-9.7%
Others	15.9	17.3	26.4	22.6	12.4%
Total	59.2	89.8	167	129	29.6%

Top Export Markets for Polyvinyl Chloride from Vietnam in 2022:

India (34.8K tons)
Thailand (8.0K tons)
Bangladesh (6.9K tons)
China (3.1K tons)
Sri Lanka (2.9K tons)
Indonesia (2.8K tons)
Australia (2.4K tons)
Canada (2.0K tons)
Cambodia (1.9K tons)
South Korea (1.7K tons)
Pakistan (1.4K tons)
Qatar (1.4K tons)
Myanmar (0.9K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the polyvinyl chloride market in Vietnam. 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:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023