Middle East: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in the Middle East

In 2022, the Middle Eastern polyvinyl chloride market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then reduced modestly in the following year.

Polyvinyl Chloride Production in the Middle East

In value terms, polyvinyl chloride production shrank rapidly to $X in 2022 estimated in export price. The total production indicated a mild increase from 2012 to 2022: its value 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, production increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, and then contracted remarkably in the following year.

Polyvinyl Chloride Exports

Exports in the Middle East

In 2022, overseas shipments of polyvinyl chloride increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports saw buoyant growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, polyvinyl chloride exports stood at $X in 2022. Over the period under review, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Saudi Arabia (X tons), Turkey (X tons) and the United Arab Emirates (X tons) represented the major exporter of polyvinyl chloride in the Middle East, mixing up X% of total export. Oman (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Oman (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Turkey ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

In terms of the main exporting countries, Turkey, 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

The export price in the Middle East stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced a decline in the export price figures.

Polyvinyl Chloride Imports

Imports in the Middle East

In 2022, purchases abroad of polyvinyl chloride increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports reached the peak of X tons; afterwards, it flattened through to 2022.

In value terms, polyvinyl chloride imports dropped to $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value 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, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Turkey represented the main importer of polyvinyl chloride in the Middle East, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by the United Arab Emirates (X tons) and Saudi Arabia (X tons), together achieving a X% share of total imports. Israel (X tons), Oman (X tons), Kuwait (X tons), Qatar (X tons), Bahrain (X tons), Iraq (X tons) and Jordan (X tons) followed a long way behind the leaders.

Turkey experienced a relatively flat trend pattern with regard to volume of imports of polyvinyl chloride. At the same time, Iraq (X%), Qatar (X%), Oman (X%), Bahrain (X%), the United Arab Emirates (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. By contrast, Israel (X%), Saudi Arabia (X%) and Jordan (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Oman (X p.p.) and Qatar (X p.p.) significantly strengthened its position in terms of the total imports, while Jordan and Saudi Arabia 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 ($X) constitutes the largest market for imported polyvinyl chloride in the Middle East, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an X% share of total imports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Turkey totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, shrinking by X% against the previous year. Import price indicated a measured 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, polyvinyl chloride import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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