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  India: Imported PVC exceeds domestic PVC output

2016-9-29


With the steady rise in demands and imports, India has become one of the world′s most concerned about the PVC industry. According to industry estimates, in 2015~2016 fiscal year, the India PVC market demand would grow by nearly 10% to 2.7 million tons; imports rose by 16% to close to 1.6 million tons, and will exceed the domestic production in India.

According to the forecast, in this fiscal year, India PVC demand for the production of pipe and pipe fittings stood at 74%, while the global consumer demand in the pipe and pipe fittings accounted for only 43%. Most of the local PVC resin plant in India is relying on the imports of EDC or VAM as raw materials. India PVC supply and demand gap continues to expand, to provide the development space for new capacity, but the lack of ethylene supply makes most of the India petrochemical plant difficult to start new facilities. In addition, the current situation of India power shortage is also exacerbated by the high PVC import situation.
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