United Arab Emirates: Vinyl Chloride Market 2024

Vinyl Chloride Market Size in the United Arab Emirates

In 2022, the vinyl chloride market in the United Arab Emirates increased by X% to $X, rising for the third year in a row after five years of decline. In general, consumption saw a buoyant increase. Vinyl chloride consumption peaked in 2022 and is likely to continue growth in the near future.

Vinyl Chloride Production in the United Arab Emirates

In value terms, vinyl chloride production expanded to $X in 2022 estimated in export price. Over the period under review, production enjoyed a resilient increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Vinyl chloride production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Vinyl Chloride Exports

Exports from the United Arab Emirates

In 2022, overseas shipments of vinyl chloride (chloroethylene) decreased by X% to X tons, falling for the third year in a row after five years of growth. Overall, exports, however, continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, vinyl chloride exports reduced markedly to $X in 2022. In general, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank sharply in the following year.

Exports by Country

Oman (X tons) was the main destination for vinyl chloride exports from the United Arab Emirates, accounting for a X% share of total exports. Moreover, vinyl chloride exports to Oman exceeded the volume sent to the second major destination, Saudi Arabia (X tons), ninefold. Japan (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Oman stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Japan (X% per year).

In value terms, the largest markets for vinyl chloride exported from the United Arab Emirates were Japan ($X), Oman ($X) and Taiwan (Chinese) ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Oman, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average vinyl chloride export price amounted to $X per ton, jumping by X% against the previous year. In general, the export price posted a resilient increase. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

Vinyl Chloride Imports

Imports into the United Arab Emirates

In 2022, vinyl chloride imports into the United Arab Emirates fell dramatically to X tons, which is down by X% on 2021 figures. In general, imports recorded a dramatic decline. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, vinyl chloride imports totaled $X in 2022. Over the period under review, imports faced a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest vinyl chloride supplier to the United Arab Emirates, accounting for a X% share of total imports. Moreover, vinyl chloride imports from India exceeded the figures recorded by the second-largest supplier, Germany (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and China (X% per year).

In value terms, India ($X) constituted the largest supplier of vinyl chloride (chloroethylene) to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and China (X% per year).

Import Prices by Country

The average vinyl chloride import price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price enjoyed strong growth. As a result, import price attained 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 Germany ($X per ton), while the price for India ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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