Saudi Arabia: Market for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Saudi Arabia

In 2022, after three years of growth, there was significant decline in the Saudi market for rigid tubes, pipes and hoses of polymers of vinyl chloride, when its value decreased by -8.4% to $X. In general, consumption showed a relatively flat trend pattern. Vinyl chloride polymer rigid pipes consumption peaked at $X in 2021, and then dropped in the following year.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Saudi Arabia

After two years of growth, overseas shipments of rigid tubes, pipes and hoses of polymers of vinyl chloride decreased by -24.5% to X tons in 2022. In general, exports, however, saw a resilient increase. The growth pace was the most rapid in 2017 with an increase of 301% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank rapidly in the following year.

In value terms, vinyl chloride polymer rigid pipes exports fell dramatically to $X in 2022. Over the period under review, exports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 281%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

Iraq (X tons) was the main destination for vinyl chloride polymer rigid pipes exports from Saudi Arabia, accounting for a 43% share of total exports. Moreover, vinyl chloride polymer rigid pipes exports to Iraq exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. Jordan (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Iraq totaled +64.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+75.2% per year) and Jordan (+33.4% per year).

In value terms, the United Arab Emirates ($X), Iraq ($X) and Jordan ($X) constituted the largest markets for vinyl chloride polymer rigid pipes exported from Saudi Arabia worldwide, together comprising 73% of total exports.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +75.9%, saw the highest growth rate of the value of exports, 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 rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, growing by 4.2% against the previous year. Over the period under review, the export price, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2014 an increase of 57% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Iraq ($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 Jordan (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Saudi Arabia

After three years of growth, supplies from abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride decreased by -8.5% to X tons in 2022. In general, imports, however, recorded a tangible increase. The pace of growth appeared the most rapid in 2019 when imports increased by 34% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then fell in the following year.

In value terms, vinyl chloride polymer rigid pipes imports reduced to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 27% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, Bahrain (X tons) was the main supplier of vinyl chloride polymer rigid pipes to Saudi Arabia, accounting for a 96% share of total imports. It was followed by the United Arab Emirates (X tons), with a 1.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bahrain stood at +6.5%.

In value terms, Bahrain ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of vinyl chloride to Saudi Arabia, comprising 94% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 1.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Bahrain totaled +2.9%.

Import Prices by Country

The average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, declining by -2.3% against the previous year. In general, the import price recorded a noticeable contraction. The pace of growth was the most pronounced in 2021 an increase of 6.3%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Bahrain totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (-3.4%).

Source: IndexBox Platform

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