Turkey: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in Turkey

In 2022, the Turkish polyvinyl chloride market decreased by -8.8% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption, however, saw a prominent expansion. As a result, consumption reached the peak level of $X, and then declined in the following year.

Polyvinyl Chloride Production in Turkey

In value terms, polyvinyl chloride production reduced remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 92%. As a result, production reached the peak level of $X, and then declined markedly in the following year.

Polyvinyl Chloride Exports

Exports from Turkey

For the third consecutive year, Turkey recorded growth in overseas shipments of polyvinyl chloride, which increased by 177% to X tons in 2022. Over the period under review, exports enjoyed prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, polyvinyl chloride exports skyrocketed to $X in 2022. Overall, exports enjoyed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Bulgaria (X tons), Iraq (X tons) and Italy (X tons) were the main destinations of polyvinyl chloride exports from Turkey, with a combined 29% share of total exports. Libya, Ukraine, Morocco, Romania, Russia, Algeria, Portugal, Israel, Egypt and Slovenia lagged somewhat behind, together accounting for a further 48%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +399.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Morocco ($X) and Iraq ($X) appeared to be the largest markets for polyvinyl chloride exported from Turkey worldwide, together accounting for 28% of total exports. Libya, Italy, Russia, Ukraine, Romania, Algeria, Israel, Portugal, Egypt and Slovenia lagged somewhat behind, together accounting for a further 48%.

Among the main countries of destination, Portugal, with a CAGR of +345.3%, recorded 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 polyvinyl chloride export price amounted to $X per ton, waning by -14.8% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyvinyl chloride export price increased by +59.8% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 88% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Iraq ($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 Slovenia (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Polyvinyl Chloride Imports

Imports into Turkey

In 2022, supplies from abroad of polyvinyl chloride increased by 2.1% to X tons, rising for the third year in a row after two years of decline. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 18% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, polyvinyl chloride imports contracted modestly to $X in 2022. Overall, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 101%. As a result, imports attained the peak of $X, and then reduced slightly in the following year.

Imports by Country

China (X tons), the United States (X tons) and Egypt (X tons) were the main suppliers of polyvinyl chloride imports to Turkey, with a combined 36% share of total imports. France, Russia, South Korea, Mexico, Spain, Germany, Norway, Sweden, Belgium and Ukraine lagged somewhat behind, together comprising a further 53%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +140.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyvinyl chloride suppliers to Turkey were China ($X), the United States ($X) and Russia ($X), together comprising 34% of total imports.

Russia, with a CAGR of +140.7%, recorded the highest growth rate of 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

In 2022, the average polyvinyl chloride import price amounted to $X per ton, which is down by -5.1% against the previous year. In general, import price indicated a notable 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, polyvinyl chloride import price increased by +65.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 74%. As a result, import price attained the peak level of $X per ton, and then shrank 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 Germany ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :