Price for Vinyl Chloride Polymers; Waste, Parings and Scrap in Pakistan - 2023

Contents:

1. Price for Vinyl Chloride Polymers; Waste, Parings and Scrap in Pakistan (CIF) - 2023
2. Price for Vinyl Chloride Polymers; Waste, Parings and Scrap in Pakistan (FOB) - 2022
3. Imports of Vinyl Chloride Polymers; Waste, Parings and Scrap in Pakistan
4. Exports of Vinyl Chloride Polymers; Waste, Parings and Scrap in Pakistan

Price for Vinyl Chloride Polymers; Waste, Parings and Scrap in Pakistan (CIF) - 2023

In June 2023, the average import price for vinyl chloride polymers; waste, parings and scraps amounted to $328 per ton, with an increase of 3.2% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 13% m-o-m. Over the period under review, average import prices attained the peak figure at $374 per ton in November 2022; however, from December 2022 to June 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Kuwait ($409 per ton), while the price for Italy ($255 per ton) was amongst the lowest.

From July 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Kuwait (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vinyl Chloride Polymers; Waste, Parings and Scrap in Pakistan (FOB) - 2022

The average export price for vinyl chloride polymers; waste, parings and scraps stood at $594 per ton in 2022, waning by -10.8% against the previous year. Over the period under review, the export price, however, posted a resilient increase. The pace of growth appeared the most rapid in 2021 an increase of 223%. As a result, the export price reached the peak level of $666 per ton, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($4,431 per ton), while the average price for exports to Sri Lanka ($150 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+22.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vinyl Chloride Polymers; Waste, Parings and Scrap in Pakistan

In 2022, purchases abroad of vinyl chloride polymers; waste, parings and scraps decreased by -0.6% to 23K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +15.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 31% against the previous year.

In value terms, imports of vinyl chloride polymers; waste, parings and scraps dropped to $8.3M in 2022. The total import value increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. As a result, imports attained the peak of $8.9M, and then shrank in the following year.

Top Suppliers of Vinyl Chloride Polymers; Waste, Parings and Scrap to Pakistan in 2022:

1. Saudi Arabia (7.1K tons)
2. United Kingdom (5.7K tons)
3. United Arab Emirates (2.5K tons)
4. Belgium (1.8K tons)
5. United States (1.1K tons)
6. Kuwait (0.8K tons)
7. Bahrain (0.7K tons)
8. Singapore (0.6K tons)
9. Thailand (0.6K tons)
10. Oman (0.5K tons)
11. Canada (0.4K tons)

Exports of Vinyl Chloride Polymers; Waste, Parings and Scrap in Pakistan

In 2022, the amount of vinyl chloride polymers; waste, parings and scraps exported from Pakistan shrank sharply to 134 tons, with a decrease of -73.2% on the year before. In general, exports recorded a dramatic slump. The most prominent rate of growth was recorded in 2021 when exports increased by 72% against the previous year. As a result, the exports attained the peak of 501 tons, and then contracted dramatically in the following year.

In value terms, exports of vinyl chloride polymers; waste, parings and scraps declined rapidly to $80K in 2022. Over the period under review, exports, however, continue to indicate a notable expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 456%. As a result, the exports attained the peak of $334K, and then dropped notably in the following year.

Top Export Markets for Vinyl Chloride Polymers; Waste, Parings and Scrap from Pakistan in 2022:

1. Sri Lanka (103.5 tons)
2. Italy (23.0 tons)
3. United States (7.3 tons)

Source: IndexBox Market Intelligence Platform