United Arab Emirates: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in the United Arab Emirates

The market for pure polyvinyl chloride in primary forms in the United Arab Emirates shrank remarkably to $X in 2022, waning by -18.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a resilient expansion. As a result, consumption attained the peak level of $X, and then declined dramatically in the following year.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from the United Arab Emirates

In 2022, overseas shipments of pure polyvinyl chloride in primary forms decreased by -11.9% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, recorded prominent growth. The growth pace was the most rapid in 2013 with an increase of 186% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of pure polyvinyl chloride in primary forms declined to $X in 2022. In general, exports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2013 when exports increased by 185% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

India (X tons) was the main destination for exports of pure polyvinyl chloride in primary forms from the United Arab Emirates, accounting for a 95% share of total exports. It was followed by Tanzania (X tons), with a 0.4% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to India amounted to +22.0%.

In value terms, India ($X) remains the key foreign market for pure polyvinyl chloride in primary forms exports from the United Arab Emirates, comprising 92% of total exports. The second position in the ranking was taken by Tanzania ($X), with a 0.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to India amounted to +23.0%.

Export Prices by Country

In 2022, the average export price for pure polyvinyl chloride in primary forms amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 33%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into the United Arab Emirates

In 2022, approx. X tons of pure polyvinyl chloride in primary forms were imported into the United Arab Emirates; waning by -8.1% against 2021. In general, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +4.4% 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 +3.7% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 24%. Over the period under review, imports of reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of pure polyvinyl chloride in primary forms dropped dramatically to $X in 2022. Over the period under review, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 80%. As a result, imports attained the peak of $X, and then shrank rapidly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest pure polyvinyl chloride in primary forms supplier to the United Arab Emirates, with a 51% share of total imports. Moreover, imports of pure polyvinyl chloride in primary forms from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. South Korea (X tons) ranked third in terms of total imports with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +35.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.9% per year) and South Korea (+7.5% per year).

In value terms, China ($X) constituted the largest supplier of pure polyvinyl chloride in primary forms to the United Arab Emirates, comprising 51% of total imports. The second position in the ranking was taken by the United States ($X), with a 23% share of total imports. It was followed by South Korea, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +37.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.2% per year) and South Korea (+10.4% per year).

Import Prices by Country

The average import price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, with a decrease of -15.4% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.0% 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 +36.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 60% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell dramatically 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 Spain ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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