India: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in India

The Indian polyvinyl chloride market rose slightly to $X in 2022, picking up by X% against the previous year. Overall, the total consumption indicated a resilient expansion 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, consumption increased by X% against 2020 indices. Polyvinyl chloride consumption peaked in 2022 and is likely to see steady growth in the near future.

Polyvinyl Chloride Production in India

In value terms, polyvinyl chloride production shrank rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced contraction. The growth pace was the most rapid in 2021 when the production volume increased by X%. Polyvinyl chloride production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Polyvinyl Chloride Exports

Exports from India

In 2022, polyvinyl chloride exports from India dropped to X tons, declining by X% compared with 2021 figures. In general, exports, however, recorded prominent growth. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, polyvinyl chloride exports fell to $X in 2022. Overall, exports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2020 when exports increased by X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), Nigeria (X tons) and Nepal (X tons) were the main destinations of polyvinyl chloride exports from India, together accounting for X% of total exports. Kenya, Sri Lanka, Turkey, Qatar, Spain, Israel, Bangladesh, Portugal, Uganda and the United States lagged somewhat behind, together accounting for a further X%.

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

In value terms, the United Arab Emirates ($X), Nigeria ($X) and Nepal ($X) constituted the largest markets for polyvinyl chloride exported from India worldwide, with a combined X% share of total exports. Sri Lanka, Kenya, Bangladesh, Turkey, Spain, Israel, Portugal, Qatar, Uganda and the United States lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Portugal, 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, remaining stable against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

Polyvinyl Chloride Imports

Imports into India

In 2022, imports of polyvinyl chloride into India amounted to X tons, with an increase of X% against the previous year. Overall, total imports indicated a buoyant increase from 2012 to 2022: its volume 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 most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, polyvinyl chloride imports expanded slightly to $X in 2022. Over the period under review, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

China (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of polyvinyl chloride imports to India, together comprising X% of total imports. South Korea, Thailand, the United States, Indonesia and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) appeared to be the largest polyvinyl chloride suppliers to India, with a combined X% share of total imports. South Korea, Thailand, the United States, Indonesia and Germany lagged somewhat behind, together comprising a further X%.

Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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, shrinking by X% against the previous year. In general, import price indicated tangible 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 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and China ($X per ton), while the price for the United States ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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