MENA: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in MENA

After three years of growth, the MENA's market for pure polyvinyl chloride in primary forms decreased by -4.5% to $X in 2022. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then contracted slightly in the following year.

Production of Pure Polyvinyl Chloride in Primary Forms in MENA

In value terms, production of pure polyvinyl chloride in primary forms shrank notably to $X in 2022 estimated in export price. Overall, production, however, saw a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 99%. As a result, production attained the peak level of $X, and then declined notably in the following year.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports in MENA

In 2022, shipments abroad of pure polyvinyl chloride in primary forms increased by 3.4% to X tons, rising for the second year in a row after three years of decline. Overall, exports showed buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 119%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of pure polyvinyl chloride in primary forms declined modestly to $X in 2022. Over the period under review, exports enjoyed strong growth. The pace of growth was the most pronounced in 2017 with an increase of 132% against the previous year. The level of export peaked at $X in 2021, and then declined modestly in the following year.

Exports by Country

In 2022, Saudi Arabia (X tons) and Egypt (X tons) were the main exporters of pure polyvinyl chloride in primary forms in MENA, together committing 64% of total exports. It was distantly followed by Turkey (X tons) and Iran (X tons), together mixing up a 32% share of total exports. The United Arab Emirates (X tons) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +16.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Saudi Arabia ($X) and Turkey ($X) were the countries with the highest levels of exports in 2022, together accounting for 85% of total exports.

Turkey, with a CAGR of +19.6%, recorded the highest growth rate of the value of exports, in terms of 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

The export price in MENA stood at $X per ton in 2022, waning by -3.4% against the previous year. Export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.9% 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 +79.7% against 2019 indices. The pace of growth was the most pronounced in 2021 when the export price increased by 69% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted modestly in the following year.

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 Egypt ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+4.3%), while the other leaders experienced more modest paces of growth.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports in MENA

In 2022, supplies from abroad of pure polyvinyl chloride in primary forms decreased by -2.3% to X tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 13% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, imports of pure polyvinyl chloride in primary forms reduced slightly to $X in 2022. Total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +76.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 73%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

Turkey was the main importer of pure polyvinyl chloride in primary forms in MENA, with the volume of imports reaching X tons, which was approx. 44% of total imports in 2022. The United Arab Emirates (X tons) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Egypt (11%) and Algeria (9.9%). The following importers - Saudi Arabia (X tons), Morocco (X tons), Israel (X tons), Kuwait (X tons), Tunisia (X tons) and Oman (X tons) - together made up 15% of total imports.

Turkey experienced a relatively flat trend pattern with regard to volume of imports of pure polyvinyl chloride in primary forms. At the same time, Algeria (+10.5%), Oman (+6.2%), the United Arab Emirates (+4.4%), Kuwait (+3.1%), Egypt (+2.1%), Morocco (+2.1%) and Tunisia (+1.4%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer imported in MENA, with a CAGR of +10.5% from 2012-2022. Israel experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-3.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Algeria and the United Arab Emirates increased by +5.7 and +2.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported pure polyvinyl chloride in primary forms in MENA, comprising 48% of total imports. The second position in the ranking was held by Egypt ($X), with a 14% share of total imports. It was followed by the United Arab Emirates, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled +4.8%. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (+5.8% per year) and the United Arab Emirates (+6.6% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, waning by -1.6% against the previous year. Import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for pure polyvinyl chloride in primary forms increased by +62.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 65% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform