Saudi Arabia: Market for Vinyl Chloride-Vinyl Acetate Copolymers and Other Vinyl Chloride Copolymers in Primary Forms 2024

Market Size for Vinyl Chloride-Vinyl Acetate Copolymers and Other Vinyl Chloride Copolymers in Primary Forms in Saudi Arabia

The Saudi market for vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms declined sharply to $X in 2022, waning by X% against the previous year. In general, consumption recorded a mild slump. Consumption of peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Vinyl Chloride-Vinyl Acetate Copolymers and Other Vinyl Chloride Copolymers in Primary Forms in Saudi Arabia

In value terms, production of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms fell to $X in 2022 estimated in export price. Overall, production recorded prominent growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Production of peaked at $X in 2021, and then fell slightly in the following year.

Exports of Vinyl Chloride-Vinyl Acetate Copolymers and Other Vinyl Chloride Copolymers in Primary Forms

Exports from Saudi Arabia

In 2022, exports of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms from Saudi Arabia skyrocketed to X tons, with an increase of X% on 2021 figures. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms shrank slightly to $X in 2022. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports of hit record highs at $X in 2021, and then shrank in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for exports of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms from Saudi Arabia, accounting for a X% share of total exports. Moreover, exports of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms to the United Arab Emirates exceeded the volume sent to the second major destination, India (X tons), fourfold. Egypt (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Egypt (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the average export price for vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms amounted to $X per ton, waning by X% against the previous year. In general, the export price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

Imports of Vinyl Chloride-Vinyl Acetate Copolymers and Other Vinyl Chloride Copolymers in Primary Forms

Imports into Saudi Arabia

In 2021, overseas purchases of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms decreased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports recorded a mild setback. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2020, and then shrank rapidly in the following year.

In value terms, imports of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms dropped notably to $X in 2021. Over the period under review, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2020, and then declined remarkably in the following year.

Imports by Country

Germany (X tons), China (X tons) and the United States (X tons) were the main suppliers of imports of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms to Saudi Arabia, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Germany ($X), China ($X) and the United States ($X) constituted the largest vinyl chloride-vinyl acetate and other vinyl chloride copolymers suppliers to Saudi Arabia, with a combined X% share of total imports.

Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms amounted to $X per ton, surging by X% against the previous year. Overall, the import price posted a resilient increase. The growth pace was the most rapid in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform