Saudi Arabia: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Saudi Arabia

After three years of growth, the Saudi market for pure polyvinyl chloride in primary forms decreased by less than 0.1% to $X in 2022. The market value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Pure Polyvinyl Chloride in Primary Forms in Saudi Arabia

In value terms, production of pure polyvinyl chloride in primary forms shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when the production volume increased by 34% against the previous year. Over the period under review, production of reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from Saudi Arabia

Exports of pure polyvinyl chloride in primary forms from Saudi Arabia dropped modestly to X tons in 2022, waning by -1.7% against the year before. Overall, exports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2016 when exports increased by 286%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of pure polyvinyl chloride in primary forms dropped rapidly to $X in 2022. In general, exports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of 251% against the previous year. The exports peaked at $X in 2021, and then fell sharply in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for exports of pure polyvinyl chloride in primary forms from Saudi Arabia, accounting for a 58% 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, Jordan (X tons), fourfold. Kuwait (X tons) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to +75.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+20.0% per year) and Kuwait (-3.7% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for pure polyvinyl chloride in primary forms exports from Saudi Arabia, comprising 59% of total exports. The second position in the ranking was held by Jordan ($X), with a 13% share of total exports. It was followed by Kuwait, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates totaled +75.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+18.9% per year) and Kuwait (+1.5% per year).

Export Prices by Country

In 2022, the average export price for pure polyvinyl chloride in primary forms amounted to $X per ton, shrinking by -19.2% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.1% 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 +43.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 66% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Algeria ($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 Oman (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into Saudi Arabia

In 2022, imports of pure polyvinyl chloride in primary forms into Saudi Arabia expanded significantly to X tons, with an increase of 15% against the year before. Overall, imports, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 71%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of pure polyvinyl chloride in primary forms fell to $X in 2022. In general, imports, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2015 when imports increased by 43%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of pure polyvinyl chloride in primary forms to Saudi Arabia, accounting for a 58% share of total imports. Moreover, imports of pure polyvinyl chloride in primary forms from the United States exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was held by South Korea (X tons), with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+12.2% per year) and South Korea (+9.9% per year).

In value terms, the United States ($X) constituted the largest supplier of pure polyvinyl chloride in primary forms to Saudi Arabia, comprising 50% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 25% share of total imports. It was followed by South Korea, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+14.5% per year) and South Korea (+13.1% per year).

Import Prices by Country

The average import price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, dropping by -22.7% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 70%. As a result, import price attained the peak level of $X per ton, and then declined notably in the following year.

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 South Korea ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :