Turkey: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Turkey

In 2022, the Turkish market for pure polyvinyl chloride in primary forms decreased by -16.9% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, posted a measured expansion. As a result, consumption attained the peak level of $X, and then reduced dramatically in the following year.

Production of Pure Polyvinyl Chloride in Primary Forms in Turkey

In value terms, production of pure polyvinyl chloride in primary forms shrank notably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a dramatic curtailment. Production of peaked at $X in 2021, and then contracted dramatically in the following year.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from Turkey

In 2022, approx. X tons of pure polyvinyl chloride in primary forms were exported from Turkey; growing by 234% compared with 2021. Over the period under review, exports showed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of pure polyvinyl chloride in primary forms skyrocketed to $X in 2022. In general, exports enjoyed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Iraq (X tons), Bulgaria (X tons) and Libya (X tons) were the main destinations of exports of pure polyvinyl chloride in primary forms from Turkey, together comprising 32% of total exports. Ukraine, Italy, Morocco, Russia, Portugal, Egypt, Romania, Slovenia, the UK and Algeria lagged somewhat behind, together comprising a further 47%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of +214.5%), while the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), Libya ($X) and Morocco ($X) constituted the largest markets for pure polyvinyl chloride in primary forms exported from Turkey worldwide, together accounting for 30% of total exports.

In terms of the main countries of destination, Morocco, with a CAGR of +231.5%, 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

The average export price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, which is down by -11.1% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.6% 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 +66.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 87%. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Russia ($X per ton) and Morocco ($X per ton), while the average price for exports to the UK ($X per ton) and Iraq ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into Turkey

In 2022, supplies from abroad of pure polyvinyl chloride in primary forms decreased by -5.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, imports of pure polyvinyl chloride in primary forms declined to $X in 2022. In general, imports, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2021 with an increase of 105% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

China (X tons), the United States (X tons) and Egypt (X tons) were the main suppliers of imports of pure polyvinyl chloride in primary forms to Turkey, with a combined 37% share of total imports. France, Russia, South Korea, Mexico, Spain, Germany, Norway, Sweden, Belgium and the UK lagged somewhat behind, together comprising a further 52%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +133.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Russia ($X) were the largest pure polyvinyl chloride in primary forms suppliers to Turkey, together accounting for 35% of total imports.

Russia, with a CAGR of +146.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for pure polyvinyl chloride in primary forms increased by +66.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 64% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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