Middle East: 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 the Middle East

The Middle Eastern non-cellular polyvinyl chloride film market shrank to $X in 2022, reducing by -10.2% against the previous year. In general, consumption, however, recorded prominent growth. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip in the Middle East

In value terms, non-cellular polyvinyl chloride film production reduced rapidly to $X in 2022 estimated in export price. Overall, production, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 137% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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

Exports in the Middle East

In 2022, overseas shipments of non-cellular polyvinyl chloride films, sheets, foil and strip decreased by -0.8% to X tons, falling for the second year in a row after nine years of growth. Total exports indicated a measured increase from 2012 to 2022: its volume 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 decreased by -0.8% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of 22%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, non-cellular polyvinyl chloride film exports expanded rapidly to $X in 2022. Total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 +24.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

Turkey was the largest exporter of non-cellular polyvinyl chloride films, sheets, foil and strip in the Middle East, with the volume of exports recording X tons, which was approx. 68% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons) and Israel (X tons), together making up a 20% share of total exports. The following exporters - Bahrain (X tons), the United Arab Emirates (X tons), Iran (X tons) and Kuwait (X tons) - together made up 11% of total exports.

Exports from Turkey increased at an average annual rate of +10.6% from 2012 to 2022. 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 the Middle East, 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. From 2012 to 2022, the share of Turkey, Bahrain and Kuwait increased by +28, +3.1 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest non-cellular polyvinyl chloride film supplier in the Middle East, comprising 71% of total exports. The second position in the ranking was held by Israel ($X), with a 10% share of total exports. It was followed by Saudi Arabia, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to +9.6%. 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

The export price in the Middle East stood at $X per ton in 2022, picking up by 10% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by 13%. Over the period under review, the export prices attained the maximum 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 the Middle East

In 2022, overseas purchases of non-cellular polyvinyl chloride films, sheets, foil and strip decreased by -2.4% to X tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 9.2%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, non-cellular polyvinyl chloride film imports rose sharply to $X in 2022. The total import value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 11% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Turkey represented the main importing country with an import of around X tons, which recorded 36% of total imports. The United Arab Emirates (X tons) ranks second in terms of the total imports with an 18% share, followed by Saudi Arabia (16%), Iran (5.9%), Iraq (5%) and Israel (4.7%). Yemen (X tons) and Kuwait (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 Iraq (with a CAGR of +18.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported non-cellular polyvinyl chloride films, sheets, foil and strip in the Middle East, comprising 45% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an 18% share of total imports. It was followed by Saudi Arabia, with an 11% share.

In Turkey, non-cellular polyvinyl chloride film imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+6.5% per year) and Saudi Arabia (+4.2% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, picking up by 7.8% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 12% against the previous year. The level of import peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

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 Yemen (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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