Saudi Arabia: Market for Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Plasticised Mixed Polyvinyl Chloride in Primary Forms in Saudi Arabia

In 2022, after two years of growth, there was significant decline in the Saudi market for plasticised mixed polyvinyl chloride in primary forms, when its value decreased by -24.7% to $X. Over the period under review, consumption continues to indicate a abrupt curtailment. Consumption of peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Exports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from Saudi Arabia

In 2022, the amount of plasticised mixed polyvinyl chloride in primary forms exported from Saudi Arabia dropped notably to X tons, with a decrease of -17.1% against the previous year's figure. In general, exports, however, recorded significant growth. The growth pace was the most rapid in 2013 with an increase of 569%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of plasticised mixed polyvinyl chloride in primary forms declined dramatically to $X in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2013 when exports increased by 563% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2021, and then declined markedly in the following year.

Exports by Country

Jordan (X tons), Sudan (X tons) and Ethiopia (X tons) were the main destinations of exports of plasticised mixed polyvinyl chloride in primary forms from Saudi Arabia, together accounting for 64% 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 Sudan (with a CAGR of +111.7%), while the other leaders experienced more modest paces of growth.

In value terms, Jordan ($X), Sudan ($X) and Oman ($X) were the largest markets for plasticised mixed polyvinyl chloride in primary forms exported from Saudi Arabia worldwide, with a combined 64% share of total exports.

Sudan, with a CAGR of +129.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, declining by -4.8% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 18%. The export price peaked at $X per ton in 2021, and then contracted slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Yemen ($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 Kuwait (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into Saudi Arabia

In 2022, supplies from abroad of plasticised mixed polyvinyl chloride in primary forms decreased by -18.8% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports recorded a noticeable descent. The growth pace was the most rapid in 2021 when imports increased by 60%. Over the period under review, imports of hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of plasticised mixed polyvinyl chloride in primary forms reduced dramatically to $X in 2022. Over the period under review, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 99%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest plasticised mixed polyvinyl chloride in primary forms supplier to Saudi Arabia, with a 84% share of total imports. Moreover, imports of plasticised mixed polyvinyl chloride in primary forms from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+27.4% per year) and Taiwan (Chinese) (-8.4% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of plasticised mixed polyvinyl chloride in primary forms to Saudi Arabia, comprising 76% of total imports. The second position in the ranking was held by Germany ($X), with a 6.8% share of total imports. It was followed by Taiwan (Chinese), with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to -6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+23.7% per year) and Taiwan (Chinese) (-11.1% per year).

Import Prices by Country

In 2022, the average import price for plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, declining by -7.5% against the previous year. Over the period under review, the import price recorded a pronounced downturn. The pace of growth was the most pronounced in 2021 an increase of 24% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 France ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :