Egypt: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in Egypt

The Egyptian polyvinyl chloride market skyrocketed to $X in 2022, rising by 23% against the previous year. In general, consumption recorded mild growth. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the near future.

Polyvinyl Chloride Production in Egypt

In value terms, polyvinyl chloride production declined remarkably to $X in 2022 estimated in export price. In general, production recorded a slight curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 313%. Polyvinyl chloride production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Polyvinyl Chloride Exports

Exports from Egypt

In 2022, after two years of decline, there was significant growth in shipments abroad of polyvinyl chloride, when their volume increased by 10% to X tons. Overall, exports saw buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of 1,272%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, polyvinyl chloride exports rose markedly to $X in 2022. Over the period under review, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 87%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Turkey (X tons) was the main destination for polyvinyl chloride exports from Egypt, accounting for a 45% share of total exports. Moreover, polyvinyl chloride exports to Turkey exceeded the volume sent to the second major destination, Morocco (X tons), fourfold. Italy (X tons) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey stood at +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+42.1% per year) and Italy (+13.0% per year).

In value terms, Turkey ($X) remains the key foreign market for polyvinyl chloride exports from Egypt, comprising 44% of total exports. The second position in the ranking was taken by Morocco ($X), with a 10% share of total exports. It was followed by Italy, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value to Turkey totaled +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+40.8% per year) and Italy (+16.3% per year).

Export Prices by Country

In 2022, the average polyvinyl chloride export price amounted to $X per ton, with an increase of 3.2% against the previous year. In general, the export price saw perceptible growth. The pace of growth appeared the most rapid in 2015 an increase of 350%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Qatar ($X per ton) and Sudan ($X per ton), while the average price for exports to Italy ($X per ton) and Greece ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Polyvinyl Chloride Imports

Imports into Egypt

In 2022, after three years of decline, there was significant growth in overseas purchases of polyvinyl chloride, when their volume increased by 26% to X tons. Overall, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 51% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, polyvinyl chloride imports soared to $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 46%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and South Korea (X tons) were the main suppliers of polyvinyl chloride imports to Egypt, with a combined 72% share of total imports. France, Belgium, Mexico, Saudi Arabia and Germany lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +113.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and South Korea ($X) appeared to be the largest polyvinyl chloride suppliers to Egypt, with a combined 72% share of total imports. France, Belgium, Mexico, Saudi Arabia and Germany lagged somewhat behind, together accounting for a further 18%.

Among the main suppliers, Belgium, with a CAGR of +112.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average polyvinyl chloride import price amounted to $X per ton, picking up by 2.9% against the previous year. Overall, the import price enjoyed a mild increase. The most prominent rate of growth was recorded in 2021 an increase of 66%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Saudi Arabia ($X per ton) and Germany ($X per ton), while the price for Mexico ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :