Polyvinyl Chloride (PVC) Price Trend

Polyvinyl Chloride Prices December 2023

The price of polyvinyl chloride in the United States for Q4 2023 reached 875 USD/Ton in December. The limited demand for PVC in the USA was due to sluggish economic recovery and stagnant trading conditions in the hello construction segment. Additionally, international factors including the Russia-Ukraine war and drought affecting the Panama Canal, further complicated the USA's international container logistics during the terminating quarter of the year.

The price of polyvinyl chloride in China for Q4 2023 reached 755 USD/Ton in December. The market in China witnessed a bearish trend. However, the impact of the disruptive typhoon event in August 2023 in China exacerbated supply challenges, resulting in constrained regional PVC availability.

The price of polyvinyl chloride in India for Q4 2023 reached 965 USD/Ton in December. The market witnessed unfavorable conditions in the fourth quarter of 2023. Most manufacturer's quotations remain stable and downstream transactions for approached with caution.

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 current price of polyvinyl chloride but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into 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

During the fourth quarter of 2023, the polyvinyl chloride (PVC) market in the European region Experienced several challenges with multiple factors impacting the prices. Primarily, the slow movement of downstream construction industry consumption was leading to a bearish trend for PVC in December 2023. Another significant factor was the adequate availability of inventories which further impacted the prices negatively. Moreover, high input costs, shortage of supplies, and these stocking sentiments among market players also weighed on the price momentum in November and December 2023.

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

North America Polyvinyl Chloride Price

During the fourth quarter of 2023, the polyvinyl chloride market in the North American region experienced a decline in prices. The market was impacted by limited demand from downstream construction and packaging sectors and ample supplies. Anticipating a price increase resulting from the new import tariff, buyers temporarily halted their purchasing activities for this time frame. Moreover, the disruptions in US shipping caused by Panama Canal issues and the continued decline in crude oil values also impacted pricing dynamics in the North American PVC market.

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

Middle East and Africa Polyvinyl Chloride Price

During the fourth quarter of 2023, the polyvinyl chloride market both overall weak. The market witnessed a bearish trend with high supplies and low demand in the first half of the month. The oversupply of PVC in the region led to a downward pressure on prices, as market participants had amassed substantial inventories. Moreover, weak demand in the downstream industry, particularly in the construction sector, further contributed to the subdued market conditions. The interplay of ample supplies and decreased export inquiries aligned with the decreasing pricing trends of PVC.

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

Asia Pacific Polyvinyl Chloride Price

During the fourth quarter of 2023, the polyvinyl chloride market in the Asia Pacific region witnessed an overall decline in prices. The limited employees in the regional market for PVC and production cutbacks led to a balanced market situation with moderate supply levels in the second half of the quarter. The first half of the quarter witnessed a low to moderate demand for PVC in the downstream construction and packaging industry which led to a bearish market situation.

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.