Singapore: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in Singapore

For the third consecutive year, the Singaporean polyvinyl chloride market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption, however, recorded a prominent expansion. Polyvinyl chloride consumption peaked in 2022 and is likely to continue growth in the immediate term.

Polyvinyl Chloride Production in Singapore

In value terms, polyvinyl chloride production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Polyvinyl chloride production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Polyvinyl Chloride Exports

Exports from Singapore

For the third year in a row, Singapore recorded decline in shipments abroad of polyvinyl chloride, which decreased by X% to X tons in 2022. Over the period under review, exports continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, polyvinyl chloride exports skyrocketed to $X in 2022. Overall, total exports indicated mild growth from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Malaysia (X tons), Indonesia (X tons) and Bangladesh (X tons) were the main destinations of polyvinyl chloride exports from Singapore, together accounting for X% of total exports. China, India, the Philippines, Sri Lanka, Thailand, Taiwan (Chinese), Australia, New Caledonia, the Netherlands and Vietnam lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyvinyl chloride exported from Singapore were Malaysia ($X), Indonesia ($X) and China ($X), with a combined X% share of total exports. Bangladesh, the Philippines, India, Thailand, Taiwan (Chinese), Sri Lanka, Australia, the Netherlands, Vietnam and New Caledonia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the Philippines, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average polyvinyl chloride export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price posted a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Bangladesh ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Polyvinyl Chloride Imports

Imports into Singapore

Polyvinyl chloride imports into Singapore declined notably to X tons in 2022, waning by X% on 2021. In general, imports recorded a noticeable descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, polyvinyl chloride imports surged to $X in 2022. Over the period under review, total imports indicated a tangible increase from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of polyvinyl chloride to Singapore, with a X% share of total imports. Moreover, polyvinyl chloride imports from Indonesia exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fourfold. The third position in this ranking was held by Thailand (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Thailand (X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of polyvinyl chloride to Singapore, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with an X% share of total imports. It was followed by Taiwan (Chinese), with an X% share.

From 2012 to 2022, the average annual growth rate of value from Indonesia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The average polyvinyl chloride import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, import price indicated prominent growth 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 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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