Kuwait: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Kuwait

The Kuwaiti market for pure polyvinyl chloride in primary forms rose slightly to $X in 2022, growing by 2.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.0% against 2020 indices. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from Kuwait

In 2022, shipments abroad of pure polyvinyl chloride in primary forms was finally on the rise to reach X tons after five years of decline. Over the period under review, exports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2016 with an increase of 272%. Over the period under review, the exports of attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of pure polyvinyl chloride in primary forms rose notably to $X in 2022. In general, exports, however, showed a sharp curtailment. The pace of growth was the most pronounced in 2016 with an increase of 251%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for exports of pure polyvinyl chloride in primary forms from Kuwait, accounting for a 86% share of total exports. Moreover, exports of pure polyvinyl chloride in primary forms to the United Arab Emirates exceeded the volume sent to the second major destination, India (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to -6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-30.8% per year) and Pakistan (-9.7% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for pure polyvinyl chloride in primary forms exports from Kuwait, comprising 85% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to -4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (-13.1% per year) and India (-41.6% per year).

Export Prices by Country

The average export price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, surging by 4.8% against the previous year. In general, the export price, however, saw a abrupt descent. The growth pace was the most rapid in 2014 an increase of 58%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+1.8%), while the prices for the other major destinations experienced a decline.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into Kuwait

In 2022, approx. X tons of pure polyvinyl chloride in primary forms were imported into Kuwait; increasing by 7.7% compared with the previous year. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +3.1% 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 -6.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 33% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of pure polyvinyl chloride in primary forms declined modestly to $X in 2022. In general, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +63.2% against 2016 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 44%. Over the period under review, imports of hit record highs at $X in 2021, and then dropped modestly in the following year.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest supplier of pure polyvinyl chloride in primary forms to Kuwait, accounting for a 76% share of total imports. Moreover, imports of pure polyvinyl chloride in primary forms from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold. China (X tons) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia stood at +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.0% per year) and China (+60.1% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of pure polyvinyl chloride in primary forms to Kuwait, comprising 72% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports. It was followed by China, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value from Saudi Arabia amounted to +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.4% per year) and China (+66.5% per year).

Import Prices by Country

In 2022, the average import price for pure polyvinyl chloride in primary forms amounted to $X per ton, shrinking by -7.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 17% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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