PVC Paste Imports and Exports Both Decline in October
Introduction: China’s PVC paste imports and exports both decreased in October 2025. The import volume is projected to edge up, and the export volume may see a marginal MoM decline in November.
According to GACC, the PVC paste import in October 2025 stood at 8,504.5mt, down 20.18% MoM and 4.08% YoY, with an average import price of $1,013.08/mt, a MoM decrease of 0.69%. Total imports of PVC paste from January to October 2025 reached 87,682.18mt, representing a 1.36% increase compared with the same period last year.
In terms of import trade partners, the top three sources of PVC paste imports in October were Taiwan of China, Thailand, and Malaysia, with combined imports of 6,707.1mt, accounting for 78.87% of the total imports in the month. Specifically, imports from Taiwan of China amounted to 3,418.5mt, making up 40.20% of the monthly total, with PVC paste for glove production remaining the primary feedstock imported from this region. Imports from Thailand reached 1,854mt, accounting for 21.80% of the monthly imports, while those from Malaysia hit 1,434.6mt, representing 16.87% of the total imports in October.
According to data from GACC, PVC paste exports in October 2025 were 7,577.2mt, a MoM drop of 20.27% and a YoY decrease of 19.69%, with an average export price of $908.89/mt, down 0.54% MoM. Total exports of PVC paste from January to October 2025 reached 101,770.81mt, a 12.71% increase YoY.
Regarding export destinations, the top three trade partners for PVC paste exports in October were a certain European country, Uzbekistan, and Pakistan, with combined exports of 5,430.94mt, accounting for 71.67% of the total monthly exports. Among them, exports to a certain European country stood at 4,038.24mt, making up 53.29% of the monthly total; exports to Uzbekistan reached 839.2mt, accounting for 11.08%; and exports to Pakistan hit 553.5mt, representing 7.3% of the total October exports.
In summary, both imports and exports of China’s PVC paste declined in October. On one hand, downstream glove manufacturers received mediocre orders in October, with some yet to fulfill their November order books. Coupled with the phased weakening of the export market sentiment amid the China-U.S. tariff standoff, demand for imported PVC paste for glove production declined accordingly. On the other hand, the sharp drop in domestic exports to a certain European country led to the overall decrease in export volume. China’s PVC paste imports are expected to edge up in November compared with October, driven by two factors: first, downstream sectors still have some demand for imported feedstock; second, order books of downstream glove manufacturers for December have improved MoM, which is projected to boost procurement of imported feedstock. Meanwhile, China’s PVC paste exports are forecast to see a marginal decline in November from October levels. The main reason is that demand in a certain European country has entered a seasonal off-season, leading to a continued drop in exports to this market. In contrast, exports to western destinations are expected to remain largely unchanged from October, as enterprises reported having secured some export orders for November shipments to these regions.
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