Price for Vinyl Chloride Polymers; Waste, Parings and Scrap in the Philippines - 2023

Contents:

1. Price for Vinyl Chloride Polymers; Waste, Parings and Scrap in the Philippines (FOB) - 2022
2. Price for Vinyl Chloride Polymers; Waste, Parings and Scrap in the Philippines (CIF) - 2022
3. Exports of Vinyl Chloride Polymers; Waste, Parings and Scrap in the Philippines
4. Imports of Vinyl Chloride Polymers; Waste, Parings and Scrap in the Philippines

Price for Vinyl Chloride Polymers; Waste, Parings and Scrap in the Philippines (FOB) - 2022

In 2022, the average export price for vinyl chloride polymers; waste, parings and scraps amounted to $355 per ton, with an increase of 13% against the previous year. Overall, the export price, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2014 when the average export price increased by 47%. As a result, the export price reached the peak level of $701 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($631 per ton), while the average price for exports to Japan ($151 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 (+103.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Vinyl Chloride Polymers; Waste, Parings and Scrap in the Philippines (CIF) - 2022

In 2022, the average import price for vinyl chloride polymers; waste, parings and scraps amounted to $489 per ton, reducing by -4.8% against the previous year. In general, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vinyl chloride polymers; waste, parings and scraps increased by +21.4% against 2019 indices. The growth pace was the most rapid in 2013 when the average import price increased by 111% against the previous year. As a result, import price attained the peak level of $563 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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 Japan ($831 per ton), while the price for Taiwan (Chinese) amounted to $488 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+42.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Vinyl Chloride Polymers; Waste, Parings and Scrap in the Philippines

In 2022, approx. 1.1K tons of vinyl chloride polymers; waste, parings and scraps were exported from the Philippines; with an increase of 102% on the previous year's figure. Over the period under review, total exports indicated moderate growth from 2019 to 2022: its volume increased at an average annual rate of +2.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of vinyl chloride polymers; waste, parings and scraps surged to $402K in 2022. Overall, exports saw temperate growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Vinyl Chloride Polymers; Waste, Parings and Scrap from the Philippines in 2022:

1. Taiwan (Chinese) (548.0 tons)
2. Japan (320.0 tons)
3. Vietnam (256.5 tons)

Imports of Vinyl Chloride Polymers; Waste, Parings and Scrap in the Philippines

In 2022, the amount of vinyl chloride polymers; waste, parings and scraps imported into the Philippines surged to 484 tons, with an increase of 165% compared with the previous year. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of vinyl chloride polymers; waste, parings and scraps skyrocketed to $237K in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Vinyl Chloride Polymers; Waste, Parings and Scrap to the Philippines in 2022:

1. Taiwan (Chinese) (481.0 tons)
2. Japan (2.6 tons)

Source: IndexBox Market Intelligence Platform