United Arab Emirates: Market for Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms in the United Arab Emirates

In 2022, after two years of decline, there was significant growth in the market for non-plasticised mixed polyvinyl chloride in primary forms in the United Arab Emirates, when its value increased by 8.7% to $X. Overall, consumption, however, recorded a relatively flat trend pattern. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms in the United Arab Emirates

In value terms, production of non-plasticised mixed polyvinyl chloride in primary forms totaled $X in 2022 estimated in export price. Overall, production, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2018 when the production volume increased by 28%. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from the United Arab Emirates

In 2022, shipments abroad of non-plasticised mixed polyvinyl chloride in primary forms decreased by less than 0.1% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports recorded a noticeable reduction. The pace of growth was the most pronounced in 2020 when exports increased by 78%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of non-plasticised mixed polyvinyl chloride in primary forms dropped to $X in 2022. Overall, exports showed a pronounced shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 28% against the previous year. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for exports of non-plasticised mixed polyvinyl chloride in primary forms from the United Arab Emirates, accounting for a 98% share of total exports. It was followed by Bahrain (X tons), with a 1.5% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to India totaled +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+63.2% per year) and Egypt (-40.2% per year).

In value terms, India ($X) emerged as the key foreign market for non-plasticised mixed polyvinyl chloride in primary forms exports from the United Arab Emirates, comprising 98% of total exports. The second position in the ranking was held by Bahrain ($X), with a 1.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to India stood at +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+64.9% per year) and Egypt (-40.7% per year).

Export Prices by Country

In 2022, the average export price for non-plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, shrinking by -6.5% against the previous year. In general, the export price recorded a slight downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 86% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Egypt ($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 Bahrain (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into the United Arab Emirates

In 2022, overseas purchases of non-plasticised mixed polyvinyl chloride in primary forms decreased by -7% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 112%. Over the period under review, imports of attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, imports of non-plasticised mixed polyvinyl chloride in primary forms dropped dramatically to $X in 2022. Overall, imports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2013 when imports increased by 116% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of non-plasticised mixed polyvinyl chloride in primary forms to the United Arab Emirates, accounting for a 25% share of total imports. Moreover, imports of non-plasticised mixed polyvinyl chloride in primary forms from China exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), sixfold. The third position in this ranking was held by Singapore (X tons), with a 0.7% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +51.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+15.6% per year) and Singapore (-17.1% per year).

In value terms, China ($X) constituted the largest supplier of non-plasticised mixed polyvinyl chloride in primary forms to the United Arab Emirates, comprising 27% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 6.7% share of total imports. It was followed by Singapore, with a 0.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +43.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+18.8% per year) and Singapore (-18.4% per year).

Import Prices by Country

In 2022, the average import price for non-plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, reducing by -11.7% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 34%. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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