GCC: Market for Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip 2024

Market Size for Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip in GCC

For the fourth year in a row, the GCC non-cellular polyvinyl chloride film market recorded growth in sales value, which increased by 22% to $X in 2022. Overall, consumption saw a prominent increase. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip in GCC

In value terms, non-cellular polyvinyl chloride film production declined slightly to $X in 2022 estimated in export price. Overall, production, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 132%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip

Exports in GCC

For the third consecutive year, GCC recorded decline in shipments abroad of non-cellular polyvinyl chloride films, sheets, foil and strip, which decreased by -6.1% to X tons in 2022. Overall, exports, however, continue to indicate a moderate expansion. The growth pace was the most rapid in 2016 when exports increased by 64% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-cellular polyvinyl chloride film exports stood at $X in 2022. In general, exports, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2015 with an increase of 86% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Saudi Arabia (X tons) represented the largest exporter of non-cellular polyvinyl chloride films, sheets, foil and strip, making up 57% of total exports. Bahrain (X tons) ranks second in terms of the total exports with a 20% share, followed by the United Arab Emirates (11%) and Kuwait (9.8%). Oman (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-cellular polyvinyl chloride film exports from Saudi Arabia stood at +5.3%. At the same time, Kuwait (+22.5%), Bahrain (+17.9%) and Oman (+8.2%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of +22.5% from 2012-2022. By contrast, the United Arab Emirates (-10.7%) illustrated a downward trend over the same period. Bahrain (+15 p.p.), Saudi Arabia (+11 p.p.) and Kuwait (+8 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -34.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest non-cellular polyvinyl chloride film supplying countries in GCC were Saudi Arabia ($X), Bahrain ($X) and the United Arab Emirates ($X), together accounting for 90% of total exports.

Bahrain, with a CAGR of +22.6%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, picking up by 9% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by 16% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+4.6%), while the other leaders experienced more modest paces of growth.

Imports of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip

Imports in GCC

In 2022, approx. X tons of non-cellular polyvinyl chloride films, sheets, foil and strip were imported in GCC; surging by 4.1% against 2021 figures. The total import volume increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 21%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, non-cellular polyvinyl chloride film imports skyrocketed to $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 24% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The United Arab Emirates (X tons) and Saudi Arabia (X tons) prevails in imports structure, together making up 84% of total imports. It was distantly followed by Kuwait (X tons) and Qatar (X tons), together creating an 11% share of total imports. Oman (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Qatar (with a CAGR of +8.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-cellular polyvinyl chloride film importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Kuwait ($X), with a combined 91% share of total imports. Qatar and Oman lagged somewhat behind, together accounting for a further 7.1%.

In terms of the main importing countries, Qatar, with a CAGR of +6.6%, recorded the highest growth rate of 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 import price in GCC amounted to $X per ton, surging by 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Qatar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform