United Arab Emirates: 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 the United Arab Emirates

In 2022, the market for rigid tubes, pipes and hoses of polymers of vinyl chloride in the United Arab Emirates increased by 0.1% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption saw a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of 8.1% against the previous year. Vinyl chloride polymer rigid pipes consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in the United Arab Emirates

In value terms, vinyl chloride polymer rigid pipes production totaled $X in 2022 estimated in export price. In general, production, however, showed a deep reduction. The pace of growth appeared the most rapid in 2020 when the production volume increased by 19% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports from the United Arab Emirates

In 2022, the amount of rigid tubes, pipes and hoses of polymers of vinyl chloride exported from the United Arab Emirates shrank to X tons, with a decrease of -13.4% compared with the year before. In general, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 124% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, vinyl chloride polymer rigid pipes exports dropped remarkably to $X in 2022. Over the period under review, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2013 with an increase of 66% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Bahrain (X tons) was the main destination for vinyl chloride polymer rigid pipes exports from the United Arab Emirates, with a 54% share of total exports. Moreover, vinyl chloride polymer rigid pipes exports to Bahrain exceeded the volume sent to the second major destination, New Zealand (X tons), fivefold. The third position in this ranking was held by Canada (X tons), with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bahrain stood at -5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+25.9% per year) and Canada (+319.0% per year).

In value terms, Bahrain ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of vinyl chloride exports from the United Arab Emirates, comprising 48% of total exports. The second position in the ranking was held by New Zealand ($X), with a 14% share of total exports. It was followed by Hong Kong SAR, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bahrain stood at -7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+24.5% per year) and Hong Kong SAR (-4.0% 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, which is down by -6.1% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 37% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Tanzania ($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 Kuwait (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into the United Arab Emirates

In 2022, the amount of rigid tubes, pipes and hoses of polymers of vinyl chloride imported into the United Arab Emirates shrank to X tons, dropping by -11.8% on the previous year. In general, total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +4.6% 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 +13.7% against 2020 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 37%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, vinyl chloride polymer rigid pipes imports contracted to $X in 2022. Overall, total imports indicated a notable expansion from 2012 to 2022: its value 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, imports increased by +21.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 43% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons), the UK (X tons) and China (X tons) were the main suppliers of vinyl chloride polymer rigid pipes imports to the United Arab Emirates, together accounting for 72% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +9.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), India ($X) and China ($X) were the largest vinyl chloride polymer rigid pipes suppliers to the United Arab Emirates, with a combined 65% share of total imports.

China, with a CAGR of +14.6%, saw the highest rates of growth with regard to 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

The average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, reducing by -3.6% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 11% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for India ($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 (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :