Philippines: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in the Philippines

In 2022, the Philippine polyvinyl chloride market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, showed a mild setback. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Polyvinyl Chloride Production in the Philippines

In value terms, polyvinyl chloride production declined to $X in 2022 estimated in export price. Over the period under review, production posted tangible growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Polyvinyl chloride production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Polyvinyl Chloride Exports

Exports from the Philippines

In 2022, shipments abroad of polyvinyl chloride decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a prominent increase. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked at X tons in 2021, and then declined sharply in the following year.

In value terms, polyvinyl chloride exports shrank rapidly to $X in 2022. Overall, exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

Vietnam (X tons) was the main destination for polyvinyl chloride exports from the Philippines, accounting for a X% share of total exports. Moreover, polyvinyl chloride exports to Vietnam exceeded the volume sent to the second major destination, Indonesia (X tons), ninefold. Malaysia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Vietnam amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Malaysia (X% per year).

In value terms, Vietnam ($X) remains the key foreign market for polyvinyl chloride exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by China ($X), with an X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Vietnam amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the average polyvinyl chloride export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price saw a perceptible descent. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Indonesia ($X 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 China (X%), while the prices for the other major destinations experienced a decline.

Polyvinyl Chloride Imports

Imports into the Philippines

In 2022, supplies from abroad of polyvinyl chloride increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports continue to indicate a noticeable expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, polyvinyl chloride imports amounted to $X in 2022. Overall, imports enjoyed a prominent increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Thailand (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of polyvinyl chloride imports to the Philippines, together accounting for X% of total imports. Indonesia, Singapore, Japan and Vietnam lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and Taiwan (Chinese) ($X) constituted the largest polyvinyl chloride suppliers to the Philippines, with a combined X% share of total imports. Singapore, Japan, Indonesia and Vietnam lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Indonesia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polyvinyl chloride import price stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyvinyl chloride import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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