Polyvinyl Chloride (PVC) Prices

Polyvinyl Chloride Prices December 2023

The polyvinyl chloride prices in the United States for Q4 2023 reached 875 USD/Ton in December. The USA's polyvinyl chloride (PVC) market was hit by a slow economic reclamation along with reduced activity in the construction sector, leading to diminished demand. Moreover, expectations of recent import tariffs caused end-users to pause their purchases. In addition, global factors like logistical challenges at the Panama Canal added complexity, affecting PVC pricing dynamics in the country.

The price trend for polyvinyl chloride in China for the last quarter of the year 2023, reached 755 USD/Ton in December. China's PVC market was influenced by modest demand and production adjustments. Additionally, subdued inquiries from the construction and packaging sectors led to fluctuating prices. This pressured market participants to empty their stockpiles, resulting in sales at lesser profit margins. The market remained cautious, reflecting broader uncertainties in the region.

The price trend for polyvinyl chloride in India for Q4 2023, reached 965 USD/Ton in December. The Indian market faced downward pressure due to adequate demand and high inventory levels. The construction sector's subdued performance impacted prices, while market leaders focused on managing existing stock. Moreover, export markets saw reduced activity, and local transactions were influenced by immediate needs, resulting in cautious buying behavior and stable but low-price conditions.

Polyvinyl Chloride Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Polyvinyl Chloride Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of polyvinyl chloride pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of polyvinyl chloride at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of polyvinyl chloride price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing polyvinyl chloride price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Polyvinyl Chloride Market Analysis

The global polyvinyl chloride market size reached US$ 45.3 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 63.7 Billion, at a projected CAGR of 3.80% during 2023-2032.

• The increasing demand for PVC in the construction industry for windows, piping, flooring, and doors represents one of the key factors influencing the growth of the PVC market across the globe the rising infrastructure development, resident construction, and rapid urbanization especially in emerging economies are driving the demand for PVC. For instance, in November 2023, the ACS Group, an investor and operator of data centers, agreed through Iridium and Arcano to purchase a parcel of land in Alcala de Henares (Madrid) ready for the construction of a new data center with 6, 7 hectares of land and 50 MW of guaranteed energy supply. The project will be developed over the next five years and the data center is expected to start operations in 2025.
• The ability of PVC to be manufactured in both flexible and rigid forms makes it suitable for a wide range of applications which is further contributing to the growth of the market.
• The growth in healthcare services and the increasing demand for medical devices are propelling the demand for PVC. PVC's non-reactivity and barrier properties make it ideal for medical devices including blood banks, containers, and tubing. According to an article in Forbes, a survey revealed that the rise in the share of expenditure on healthcare services has increased from 21% in FY19 to 26% in FY23 in India. In fiscal year 2019, nearly 48% of the total healthcare spending in India was done from out-of-pocket payments. This figure has declined substantially from 64.2 which was witnessed in FY14. Social security costs on health increased from 6% in FY14 to 9.6% in FY19. According to Invest India, the hospital sector in India was valued at rupees 7940.80 Bn in FY21 in terms of revenue and is expected to reach INR 18,348.78 Bn by FY20 27, growing at a CAGR of 18.24%.
• The extensive use of PVC in the electrical and electronics industry for insulating electrical cables and wires is acting as a major growth-inducing factor in the market. This is primarily attributed to its excellent insulation properties and fire resistance which is driving the market growth.

Polyvinyl Chloride News

The report covers the latest developments, updates, and trends impacting the global polyvinyl chloride market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in polyvinyl chloride production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the polyvinyl chloride price trend.

Latest developments in the polyvinyl chloride industry:

• In June 2023, Arkema, a French specialty materials producer, signed an agreement to purchase a 54.07% stake in South Korea’s PI Advanced Materials Co., the world’s largest polyimide film manufacturer, for 1 trillion won ($765 million).
• In March 2023, BASF announced plans to expand its polymer dispersions production capacity by adding a second production line at its side in Daya Bay Petrochemical Industrial Park in Guangdong, China. The new line is scheduled to start operations at the beginning of 2024.

Product Description

Polyvinyl chloride or PVC refers to an extensively employed synthetic plastic polymer that ranks 3rd in global plastic production, following polyethylene and polypropylene.

PVC is unique in its versatility, manifested in two basic forms including flexible and rigid.

The rigid form of PVC is commonly employed in the construction of pipes, windows, and doors due to its durability, weather resistance, and cost-effectiveness.

PVC is also noncorrosive, thereby making it ideal for plumbing and medical device applications.

The flexible form of PVC, achieved by adding plasticizers, is employed in applications requiring a softer and more flexible material, including electrical cable, flooring, and roofing membranes.

PVC is also notable for its chemical stability and resistance to fire, oil, and chemicals. The ability of PVC to blend with other materials enhances its functionality and range of applications.

Regional Coverage

The report provides a detailed analysis of the polyvinyl chloride market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the polyvinyl chloride price trend.

Global Polyvinyl Chloride Price

The report offers a holistic view of the global polyvinyl chloride pricing trends in the form of polyvinyl chloride price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into polyvinyl chloride historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into polyvinyl chloride price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed polyvinyl chloride demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Polyvinyl Chloride Price

The European PVC prices market faced a challenging last quarter of 2023, marked by low demand and high inventories. Slow consumption in the construction sector contributed to a downward pricing trend, particularly during the last month of the year. Moreover, rising input expenditure, limited supplies, and increased destocking also affected prices in the last two months of the quarter. Despite this, Europe performed better than other regions, with some suppliers redirecting shipments to the continent amid a global market downturn in November. The market remained sluggish, reflecting the low demand across the region.

This analysis can be extended to include detailed polyvinyl chloride price information for a comprehensive list of countries.

North America Polyvinyl Chloride Price

During Q4 2023, the PVC market in North America faced a drop in prices, mainly driven by reduced product demand in industries like packaging and construction, coupled with abundant supplies. In the United States, PVC demand remained sluggish owing to slow economic reclamation coupled with reduced construction industry trading. Additionally, global challenges, including the conflict between Russia and Ukraine and severe logistical challenges, majorly intensified container logistics issues. The dip in crude oil prices also played a role, influencing the overall PVC market dynamics in North America, prompting discussions among buyers about possible contract price reductions.

Specific polyvinyl chloride historical data within the United States and Canada can also be provided.

Middle East and Africa Polyvinyl Chloride Price

The MEA market for polyvinyl chloride faced a downward pricing trend in Q4 2023, characterized by high supply levels and subdued demand from the construction industry. Excess stockpiles led to reduced price rates, with significant declines observed in Saudi Arabia. The region's export markets also experienced reduced demand, impacting profit margins and growth outlook. Moreover, local demand was primarily driven by expeditious needs, with moderate interest from end-use industries. Global market conditions, including reduced acquisition and production activities, further challenged the regional market. This collectively delayed any positive price momentum for PVC in the Middle East and African region towards the end of the year.

In addition to region-wise data, information on polyvinyl chloride prices for countries can also be provided.

Asia Pacific Polyvinyl Chloride Price

The Asia Pacific region experienced a price decline throughout the last quarter of 2023, influenced by moderate inquiries and production reductions. Initially, the market saw lesser product demand from industries, like packaging and construction, resulting in a downward pricing trend. In the second month of Q42023, prices fell consistently due to weak product demand from end-use sectors and uncertainties that affected the confidence of buyers. Despite a brief rebound, the market remained pressured by high inventories and cautious buying behavior. Declining rates of crude oil also contributed to a dip in PVC prices. Consequently, trading activities were moderate, and market situations remained unfavorable towards the later period the fourth quarter, with stable quotations but cautious transactions from end users.

This polyvinyl chloride price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Polyvinyl Chloride Price

The analysis of polyvinyl chloride prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of polyvinyl chloride pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting polyvinyl chloride price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The polyvinyl chloride price charts ensure our clients remain at the forefront of the industry.