Jordan: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Jordan

After two years of growth, the Jordanian market for pure polyvinyl chloride in primary forms decreased by -17.5% to $X in 2022. In general, consumption continues to indicate a pronounced reduction. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from Jordan

In 2022, after two years of growth, there was significant decline in shipments abroad of pure polyvinyl chloride in primary forms, when their volume decreased by -58.6% to X tons. Overall, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 240%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of pure polyvinyl chloride in primary forms declined significantly to $X in 2022. In general, exports showed a slight slump. The growth pace was the most rapid in 2017 when exports increased by 278% against the previous year. The exports peaked at $X in 2021, and then shrank markedly in the following year.

Exports by Country

Free Zones (X tons), Sudan (X tons) and Syrian Arab Republic (X tons) were the main destinations of exports of pure polyvinyl chloride in primary forms from Jordan, together accounting for 86% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Free Zones (with a CAGR of +13.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pure polyvinyl chloride in primary forms exported from Jordan were Free Zones ($X), Sudan ($X) and Syrian Arab Republic ($X), together comprising 86% of total exports. Rwanda, Lebanon and Saudi Arabia lagged somewhat behind, together accounting for a further 14%.

Among the main countries of destination, Lebanon, with a CAGR of +24.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for pure polyvinyl chloride in primary forms amounted to $X per ton, surging by 15% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for pure polyvinyl chloride in primary forms increased by +89.7% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 24% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Lebanon ($X per ton) and Rwanda ($X per ton), while the average price for exports to Free Zones ($X per ton) and Sudan ($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 Lebanon (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into Jordan

Imports of pure polyvinyl chloride in primary forms into Jordan contracted sharply to X tons in 2022, with a decrease of -27.9% against the previous year. Overall, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 41% against the previous year. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of pure polyvinyl chloride in primary forms contracted rapidly to $X in 2022. Over the period under review, imports saw a slight decrease. The growth pace was the most rapid in 2021 when imports increased by 51%. As a result, imports reached the peak of $X, and then contracted notably in the following year.

Imports by Country

Saudi Arabia (X tons), China (X tons) and the United States (X tons) were the main suppliers of imports of pure polyvinyl chloride in primary forms to Jordan, together comprising 71% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +35.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest pure polyvinyl chloride in primary forms suppliers to Jordan were Saudi Arabia ($X), China ($X) and the United States ($X), with a combined 71% share of total imports.

Among the main suppliers, China, with a CAGR of +42.3%, recorded 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 import price for pure polyvinyl chloride in primary forms amounted to $X per ton, rising by 14% against the previous year. In general, the import price posted a strong increase. The pace of growth was the most pronounced in 2021 an increase of 82%. The import price peaked in 2022 and is likely to see gradual 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 the United States ($X per ton) and Thailand ($X per ton), while the price for Saudi Arabia ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform