Egypt: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Egypt

In 2022, the Egyptian market for pure polyvinyl chloride in primary forms increased by 13% to $X, rising for the third consecutive year after three years of decline. Over the period under review, consumption posted temperate growth. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Production of Pure Polyvinyl Chloride in Primary Forms in Egypt

In value terms, production of pure polyvinyl chloride in primary forms amounted to $X in 2022 estimated in export price. Over the period under review, production showed modest growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 147%. As a result, production reached the peak level of $X. From 2017 to 2022, production of growth failed to regain momentum.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from Egypt

In 2022, shipments abroad of pure polyvinyl chloride in primary forms decreased by -7.2% to X tons, falling for the third year in a row after three years of growth. Over the period under review, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 158% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of pure polyvinyl chloride in primary forms rose significantly to $X in 2022. Overall, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 144%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Turkey (X tons) was the main destination for exports of pure polyvinyl chloride in primary forms from Egypt, accounting for a 49% share of total exports. Moreover, exports of pure polyvinyl chloride in primary forms 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 a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey stood at +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+86.1% per year) and Italy (+11.7% per year).

In value terms, Turkey ($X) remains the key foreign market for pure polyvinyl chloride in primary forms exports from Egypt, comprising 49% of total exports. The second position in the ranking was held by Morocco ($X), with an 11% share of total exports. It was followed by Italy, with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey totaled +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+95.7% per year) and Italy (+16.2% per year).

Export Prices by Country

In 2022, the average export price for pure polyvinyl chloride in primary forms amounted to $X per ton, rising by 14% against the previous year. Over the period under review, the export price continues to indicate a notable increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 79%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Romania ($X per ton) and India ($X per ton), while the average price for exports to Italy ($X per ton) and Morocco ($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 (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into Egypt

In 2022, purchases abroad of pure polyvinyl chloride in primary forms was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -21.9% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 54% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of pure polyvinyl chloride in primary forms skyrocketed to $X in 2022. Over the period under review, imports recorded strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year. Imports peaked in 2022 and are likely to continue 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 imports of pure polyvinyl chloride in primary forms to Egypt, together comprising 76% of total imports. France, Belgium, Mexico, Ukraine, Saudi Arabia and Germany lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +431.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pure polyvinyl chloride in primary forms suppliers to Egypt were China ($X), the United States ($X) and South Korea ($X), with a combined 76% share of total imports. France, Belgium, Mexico, Ukraine, Saudi Arabia and Germany lagged somewhat behind, together comprising a further 18%.

Among the main suppliers, Ukraine, with a CAGR of +667.4%, 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

The average import price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, increasing by 21% against the previous year. In general, the import price showed temperate growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 72%. The import price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Mexico ($X per ton) and the United States ($X per ton), while the price for France ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+44.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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