Turkey: 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 Turkey

The Turkish market for rigid tubes, pipes and hoses of polymers of vinyl chloride declined remarkably to $X in 2022, which is down by -26.4% against the previous year. Over the period under review, consumption recorded a pronounced shrinkage. Vinyl chloride polymer rigid pipes consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Turkey

In value terms, vinyl chloride polymer rigid pipes production contracted significantly to $X in 2022 estimated in export price. In general, production, however, continues to indicate pronounced growth. The pace of growth was the most pronounced in 2021 when the production volume increased by 147% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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

Exports from Turkey

In 2022, the amount of rigid tubes, pipes and hoses of polymers of vinyl chloride exported from Turkey amounted to X tons, surging by 8.5% on the previous year's figure. In general, exports, however, continue to indicate a perceptible decline. The pace of growth appeared the most rapid in 2018 when exports increased by 25% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, vinyl chloride polymer rigid pipes exports amounted to $X in 2022. Overall, exports, however, showed a mild reduction. The most prominent rate of growth was recorded in 2018 with an increase of 31%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Iraq (X tons) was the main destination for vinyl chloride polymer rigid pipes exports from Turkey, with a 37% share of total exports. Moreover, vinyl chloride polymer rigid pipes exports to Iraq exceeded the volume sent to the second major destination, Georgia (X tons), fourfold. Syrian Arab Republic (X tons) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume to Iraq totaled -9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+1.1% per year) and Syrian Arab Republic (0.0% per year).

In value terms, Iraq ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of vinyl chloride exports from Turkey, comprising 33% of total exports. The second position in the ranking was held by Georgia ($X), with a 7.8% share of total exports. It was followed by Syrian Arab Republic, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value to Iraq totaled -8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (-0.6% per year) and Syrian Arab Republic (0.0% per year).

Export Prices by Country

The average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, surging by 4.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2021 an increase of 36%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to Serbia ($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 Israel (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Turkey

In 2022, the amount of rigid tubes, pipes and hoses of polymers of vinyl chloride imported into Turkey declined rapidly to X tons, with a decrease of -28.7% against 2021 figures. Over the period under review, imports showed a perceptible downturn. The pace of growth appeared the most rapid in 2021 with an increase of 56%. As a result, imports reached the peak of X tons, and then plummeted in the following year.

In value terms, vinyl chloride polymer rigid pipes imports reached $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 49%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

India (X tons), Spain (X tons) and Italy (X tons) were the main suppliers of vinyl chloride polymer rigid pipes imports to Turkey, with a combined 70% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +79.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vinyl chloride polymer rigid pipes suppliers to Turkey were Spain ($X), India ($X) and Germany ($X), together accounting for 54% of total imports.

In terms of the main suppliers, Spain, with a CAGR of +75.6%, recorded the highest rates of growth with regard to the value of imports, 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 rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, increasing by 49% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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