Singapore: Market for Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms in Singapore

After two years of growth, the Singaporean market for non-plasticised mixed polyvinyl chloride in primary forms decreased by X% to $X in 2023. Overall, consumption, however, recorded a modest expansion. As a result, consumption reached the peak level of $X, and then dropped sharply in the following year.

Production of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms in Singapore

In value terms, production of non-plasticised mixed polyvinyl chloride in primary forms dropped slightly to $X in 2023 estimated in export price. In general, production continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production of reached the peak level at $X in 2016; however, from 2017 to 2023, production remained at a lower figure.

Exports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from Singapore

For the fourth consecutive year, Singapore recorded decline in shipments abroad of non-plasticised mixed polyvinyl chloride in primary forms, which decreased by X% to X tons in 2023. Over the period under review, exports recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, exports of non-plasticised mixed polyvinyl chloride in primary forms declined notably to $X in 2023. In general, exports showed a deep reduction. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Bangladesh (X tons), Malaysia (X tons) and Indonesia (X tons) were the main destinations of exports of non-plasticised mixed polyvinyl chloride in primary forms from Singapore, with a combined X% share of total exports. India, Thailand, Sri Lanka, Vietnam, Hong Kong SAR, Australia and Nigeria lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Bangladesh ($X) and Indonesia ($X) constituted the largest markets for non-plasticised mixed polyvinyl chloride in primary forms exported from Singapore worldwide, together accounting for X% of total exports.

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

Export Prices by Country

In 2023, the average export price for non-plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to New Caledonia (X%), while the prices for the other major destinations experienced a decline.

Imports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into Singapore

In 2023, overseas purchases of non-plasticised mixed polyvinyl chloride in primary forms decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports, however, continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of non-plasticised mixed polyvinyl chloride in primary forms fell dramatically to $X in 2023. Overall, imports continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then fell notably in the following year.

Imports by Country

In 2023, Indonesia (X tons) was the main non-plasticised mixed polyvinyl chloride in primary forms supplier to Singapore, accounting for a X% share of total imports. Moreover, imports of non-plasticised mixed polyvinyl chloride in primary forms from Indonesia exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. The third position in this ranking was taken by Japan (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Indonesia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Japan (X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of non-plasticised mixed polyvinyl chloride in primary forms to Singapore, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2023, 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: Taiwan (Chinese) (X% per year) and Japan (X% per year).

Import Prices by Country

In 2023, the average import price for non-plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, waning by X% against the previous year. Overall, the import price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was China ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform