MENA: 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 MENA

The MENA's non-cellular polyvinyl chloride film market shrank to $X in 2022, waning by -8.2% against the previous year. Over the period under review, consumption saw a strong increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

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

In value terms, non-cellular polyvinyl chloride film production shrank rapidly to $X in 2022 estimated in export price. In general, production posted a strong increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 119%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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

Exports in MENA

After ten years of growth, overseas shipments of non-cellular polyvinyl chloride films, sheets, foil and strip decreased by -0.5% to X tons in 2022. Total exports indicated measured growth from 2012 to 2022: its volume 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. The most prominent rate of growth was recorded in 2016 with an increase of 22%. The volume of export peaked at X tons in 2021, and then declined in the following year.

In value terms, non-cellular polyvinyl chloride film exports totaled $X in 2022. Total exports indicated a measured increase from 2012 to 2022: its value 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, exports increased by +25.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 14%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Turkey was the key exporter of non-cellular polyvinyl chloride films, sheets, foil and strip in MENA, with the volume of exports reaching X tons, which was near 68% of total exports in 2022. Saudi Arabia (X tons) took the second position in the ranking, followed by Israel (X tons). All these countries together took approx. 20% share of total exports. Bahrain (X tons), the United Arab Emirates (X tons), Iran (X tons) and Kuwait (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to non-cellular polyvinyl chloride film exports from Turkey stood at +10.6%. At the same time, Kuwait (+22.5%), Bahrain (+17.9%) and Saudi Arabia (+5.3%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in MENA, with a CAGR of +22.5% from 2012-2022. By contrast, Iran (-3.7%), Israel (-8.6%) and the United Arab Emirates (-10.7%) illustrated a downward trend over the same period. While the share of Turkey (+29 p.p.), Bahrain (+3.1 p.p.) and Kuwait (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Iran (-2.9 p.p.), the United Arab Emirates (-9.4 p.p.) and Israel (-20.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest non-cellular polyvinyl chloride film supplier in MENA, comprising 70% of total exports. The second position in the ranking was held by Israel ($X), with a 10% share of total exports. It was followed by Saudi Arabia, with an 8.5% share.

In Turkey, non-cellular polyvinyl chloride film exports expanded at an average annual rate of +9.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (-6.1% per year) and Saudi Arabia (+5.4% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, surging by 10% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 13%. The level of export peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

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 Israel ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+4.0%), while the other leaders experienced more modest paces of growth.

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

Imports in MENA

After two years of decline, overseas purchases of non-cellular polyvinyl chloride films, sheets, foil and strip increased by 0.9% to X tons in 2022. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 10%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, non-cellular polyvinyl chloride film imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 10%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

In 2022, Turkey (X tons), distantly followed by the United Arab Emirates (X tons), Saudi Arabia (X tons), Algeria (X tons) and Iran (X tons) represented the major importers of non-cellular polyvinyl chloride films, sheets, foil and strip, together generating 69% of total imports. Egypt (X tons), Morocco (X tons), Iraq (X tons), Israel (X tons), Yemen (X tons), Tunisia (X tons), Kuwait (X tons) and Lebanon (X tons) held a little 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 Iraq (with a CAGR of +18.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported non-cellular polyvinyl chloride films, sheets, foil and strip in MENA, comprising 35% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 14% share of total imports. It was followed by Algeria, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+6.5% per year) and Algeria (+12.6% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, picking up by 7.8% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by 14% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform