Middle East: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in the Middle East

The Middle Eastern market for pure polyvinyl chloride in primary forms fell slightly to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Production of Pure Polyvinyl Chloride in Primary Forms in the Middle East

In value terms, production of pure polyvinyl chloride in primary forms dropped markedly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then reduced remarkably in the following year.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports in the Middle East

In 2022, overseas shipments of pure polyvinyl chloride in primary forms increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, exports showed a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of pure polyvinyl chloride in primary forms contracted to $X in 2022. Over the period under review, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

Saudi Arabia (X tons), Iran (X tons) and Turkey (X tons) represented roughly X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), generating a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest pure polyvinyl chloride in primary forms supplying countries in the Middle East were Saudi Arabia ($X), Iran ($X) and Turkey ($X), together accounting for X% of total exports. These countries were followed by the United Arab Emirates, which accounted for a further X%.

Among the main exporting countries, the United Arab Emirates, with a CAGR of X%, recorded 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 export price in the Middle East amounted to $X per ton, shrinking by X% against the previous year. Export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for pure polyvinyl chloride in primary forms increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Turkey ($X per ton) and Iran ($X per ton), while Saudi Arabia ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (X%), while the other leaders experienced more modest paces of growth.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports in the Middle East

In 2022, the amount of pure polyvinyl chloride in primary forms imported in the Middle East rose modestly to X tons, increasing by X% compared with 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, imports of pure polyvinyl chloride in primary forms rose modestly to $X in 2022. In general, imports saw a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) was the main importer of pure polyvinyl chloride in primary forms, making up X% of total imports. It was distantly followed by the United Arab Emirates (X tons), comprising an X% share of total imports. The following importers - Saudi Arabia (X tons), Iraq (X tons), Israel (X tons), Oman (X tons), Jordan (X tons), Kuwait (X tons), Qatar (X tons) and Bahrain (X tons) - together made up X% of total imports.

Turkey experienced a relatively flat trend pattern with regard to volume of imports of pure polyvinyl chloride in primary forms. At the same time, Iraq (X%), Qatar (X%), the United Arab Emirates (X%), Oman (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Israel and Bahrain experienced a relatively flat trend pattern. By contrast, Saudi Arabia (X%) and Jordan (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Iraq (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while Saudi Arabia and Turkey saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported pure polyvinyl chloride in primary forms in the Middle East, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total imports. It was followed by Israel, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Israel (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, approximately equating the previous year. Import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. As a result, import price reached the peak level of $X per ton, leveling off in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Oman ($X per ton) and Jordan ($X per ton), while Saudi Arabia ($X per ton) and Iraq ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform