United Arab Emirates: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in the United Arab Emirates

The polyvinyl chloride market in the United Arab Emirates contracted to $X in 2022, falling by -6.8% against the previous year. In general, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +59.7% against 2020 indices. As a result, consumption attained the peak level of $X, and then fell in the following year.

Polyvinyl Chloride Production in the United Arab Emirates

In value terms, polyvinyl chloride production dropped markedly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2021 when the production volume increased by 44%. Polyvinyl chloride production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Polyvinyl Chloride Exports

Exports from the United Arab Emirates

In 2022, after two years of growth, there was decline in shipments abroad of polyvinyl chloride, when their volume decreased by -2.5% to X tons. Over the period under review, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 159% against the previous year. The exports peaked at X tons in 2021, and then dropped in the following year.

In value terms, polyvinyl chloride exports reduced rapidly to $X in 2022. Overall, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 72%. The exports peaked at $X in 2021, and then shrank sharply in the following year.

Exports by Country

Myanmar (X tons) was the main destination for polyvinyl chloride exports from the United Arab Emirates, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Myanmar stood at +171.1%.

In value terms, Myanmar ($X) emerged as the key foreign market for polyvinyl chloride exports from the United Arab Emirates.

From 2012 to 2022, the average annual rate of growth in terms of value to Myanmar stood at +157.2%.

Export Prices by Country

The average polyvinyl chloride export price stood at $X per ton in 2022, dropping by -15.1% against the previous year. In general, the export price saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 an increase of 45%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +2.4% per year.

Polyvinyl Chloride Imports

Imports into the United Arab Emirates

In 2022, polyvinyl chloride imports into the United Arab Emirates dropped to X tons, which is down by -9.7% compared with 2021. Overall, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +12.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, polyvinyl chloride imports shrank significantly to $X in 2022. In general, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 91% against the previous year. As a result, imports attained the peak of $X, and then reduced rapidly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest polyvinyl chloride supplier to the United Arab Emirates, accounting for a 61% share of total imports. Moreover, polyvinyl chloride imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +37.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.2% per year) and India (+36.2% per year).

In value terms, China ($X) constituted the largest supplier of polyvinyl chloride to the United Arab Emirates, comprising 60% of total imports. The second position in the ranking was taken by the United States ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +39.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.6% per year) and India (+35.6% per year).

Import Prices by Country

In 2022, the average polyvinyl chloride import price amounted to $X per ton, falling by -15.7% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.8% 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 +34.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 54% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped sharply in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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