Price for Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in China - 2023
Contents:
- Price for Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in China (FOB) - 2023
- Price for Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in China (CIF) - 2023
- Exports of Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in China
- Imports of Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in China
Price for Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in China (FOB) - 2023
In December 2023, the average export price for polymers of vinyl chloride or of other halogenated olefins, in primary formses amounted to $1,162 per ton, rising by 7.2% against the previous month. Over the period under review, the export price, however, continues to indicate a slight decrease. The pace of growth appeared the most rapid in October 2023 an increase of 13% month-to-month. Over the period under review, the average export prices reached the maximum at $1,438 per ton in December 2022; however, from January 2023 to December 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Vietnam ($1,452 per ton), while the average price for exports to Uzbekistan ($727 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+0.9%), while the prices for the other major destinations experienced a decline.
Price for Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in China (CIF) - 2023
The average import price for polymers of vinyl chloride or of other halogenated olefins, in primary formses stood at $2,215 per ton in December 2023, waning by -9.6% against the previous month. Over the period under review, import price indicated a pronounced expansion from December 2022 to December 2023: its price increased at an average monthly rate of +2.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for polymers of vinyl chloride or of other halogenated olefins, in primary formses increased by +8.3% against September 2023 indices. The growth pace was the most rapid in May 2023 an increase of 26% m-o-m. Over the period under review, average import prices hit record highs at $2,513 per ton in July 2023; however, from August 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($3,351 per ton), while the price for Malaysia ($901 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Thailand (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in China
Exports of polymers of vinyl chloride or of other halogenated olefins, in primary formses from China skyrocketed to 2.5M tons in 2022, with an increase of 18% compared with the previous year's figure. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 126%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of polymers of vinyl chloride or of other halogenated olefins, in primary formses skyrocketed to $4.3B in 2022. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 152%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 115 | 83.3 | 481 | 893 | 98.0% |
| Vietnam | 74.3 | 133 | 430 | 379 | 72.1% |
| Russia | 40.9 | 23.9 | 96.7 | 216 | 74.1% |
| Turkey | 3.9 | 13.8 | 86.5 | 158 | 243.5% |
| Bangladesh | 39.5 | 63.8 | 236 | 143 | 53.5% |
| Egypt | 2.0 | 7.4 | 105 | 136 | 308.2% |
| Thailand | 44.3 | 67.8 | 116 | 111 | 35.8% |
| United Arab Emirates | 5.6 | 20.6 | 104 | 99.6 | 161.0% |
| Nigeria | 21.0 | 43.7 | 127 | 89.8 | 62.3% |
| Uzbekistan | 76.0 | 55.9 | 79.7 | 88.9 | 5.4% |
| Kazakhstan | 43.7 | 34.5 | 86.6 | 78.5 | 21.6% |
| Malaysia | 59.9 | 65.3 | 118 | 60.9 | 0.6% |
| Kenya | 21.4 | 32.7 | 74.0 | 59.7 | 40.8% |
| Others | 679 | 782 | 1,461 | 1,820 | 38.9% |
| Total | 1,227 | 1,428 | 3,602 | 4,333 | 52.3% |
Top Export Markets for Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms from China in 2022:
- India (678.5K tons)
- Vietnam (250.4K tons)
- Russia (149.0K tons)
- Turkey (114.5K tons)
- Egypt (112.4K tons)
- Bangladesh (108.9K tons)
- United Arab Emirates (77.8K tons)
- Uzbekistan (76.2K tons)
- Nigeria (69.6K tons)
- Kazakhstan (68.2K tons)
- Thailand (53.5K tons)
- Kenya (49.7K tons)
- Malaysia (32.6K tons)
Imports of Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in China
In 2022, purchases abroad of polymers of vinyl chloride or of other halogenated olefins, in primary formses decreased by -18.4% to 583K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 27%. As a result, imports attained the peak of 1.2M tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of polymers of vinyl chloride or of other halogenated olefins, in primary formses contracted to $1.4B in 2022. The total import value increased at an average annual rate of +2.7% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 16% against the previous year. As a result, imports attained the peak of $1.5B. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 277 | 325 | 386 | 354 | 8.5% |
| Taiwan (Chinese) | 218 | 255 | 369 | 230 | 1.8% |
| United States | 383 | 294 | 160 | 228 | -15.9% |
| Germany | 81.8 | 93.5 | 125 | 130 | 16.7% |
| South Korea | 51.6 | 102 | 66.1 | 72.7 | 12.1% |
| Thailand | 46.6 | 59.4 | 56.5 | 40.4 | -4.6% |
| Malaysia | 41.5 | 54.8 | 55.0 | 38.4 | -2.6% |
| Indonesia | 27.8 | 40.1 | 36.3 | 18.5 | -12.7% |
| Others | 195 | 306 | 263 | 318 | 17.7% |
| Total | 1,322 | 1,531 | 1,517 | 1,430 | 2.7% |
Top Suppliers of Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms to China in 2022:
- Taiwan (Chinese) (180.1K tons)
- Japan (104.7K tons)
- United States (100.8K tons)
- South Korea (39.6K tons)
- Germany (38.8K tons)
- Thailand (28.0K tons)
- Malaysia (21.3K tons)
- Indonesia (19.8K tons)
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