PVC floor covering: From January to September 2024, the total export volume of PVC floor products was 3,510.4kt, up 4.49% YoY. The main export destinations were the U.S., Canada, Germany, Netherlands and Australia. Affected by regional consumption concepts, China’s domestic floor products are mainly exported to developed countries in Europe and the United States. Entering 2024, with the relocation of a large number of flooring enterprises coming to an end and the weakening of origin traceability in the U.S., China’s floor product orders began to stabilize. In H2 September, affected by Christmas, China’s export orders increased. In October, PVC floor product enterprises raised operating rates. A couple of PVC floor products will possibly be delivered in November, propping up the export volume this month.

PVC pipe: From January to September 2024, the total export volume of PVC pipe was 116.7kt, up 15.36% YoY. The main export destinations were Hong Kong of China, the U.S., Myanmar, Thailand, and Laos. At present, pipe products are still dominated by China’s domestic trade, and exports account for relatively little. Restricted by the soft China’s real estate market, China’s PVC pipe enterprises showed low production enthusiasm.

PVC special-shaped profile: From January to September 2024, the total export volume of PVC special-shaped profile was 95.2kt, up 11.95% YoY. The main export destinations were India, Guatemala, Thailand, the U.S., and Indonesia. It is understood that export-oriented profile enterprises have decent orders, but there is also a certain reduction from last year, and the monthly average operating rate is 70%-80%. Domestic trade-oriented profile enterprises hold operating rates relatively low.

PVC plate, sheet, film, foil, and fillet: From January to September 2024, the total export volume of PVC plate, sheet, film, foil, and fillet was 431.8kt, up 29.64% YoY. Vietnam, India, the U.S., and Mexico were the main export destinations. According to the trend of demand changes in previous years, the fourth quarter registers the export peak season. PVC hard and decorative sheet enterprises raised operating rates mainly affected by the Christmas holiday.

In Q4, export orders of PVC floor products, PVC plate, sheet, film, foil, and fillet products are expected to increase.