Saudi Arabia: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in Saudi Arabia

The Saudi polyvinyl chloride market declined modestly 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 fell in the following year.

Polyvinyl Chloride Production in Saudi Arabia

In value terms, polyvinyl chloride production dropped sharply to $X in 2022 estimated in export price. Overall, 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 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then shrank significantly in the following year.

Polyvinyl Chloride Exports

Exports from Saudi Arabia

In 2022, exports of polyvinyl chloride from Saudi Arabia reduced modestly to X tons, shrinking by X% against 2021 figures. In general, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, polyvinyl chloride exports fell remarkably to $X in 2022. Over the period under review, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then declined sharply in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for polyvinyl chloride exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, polyvinyl chloride exports to the United Arab Emirates exceeded the volume sent to the second major destination, Jordan (X tons), threefold. The third position in this ranking was held by Kuwait (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (X% per year) and Kuwait (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for polyvinyl chloride exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by Jordan ($X), with a X% share of total exports. It was followed by Kuwait, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (X% per year) and Kuwait (X% per year).

Export Prices by Country

In 2022, the average polyvinyl chloride export price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then fell dramatically 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 Oman ($X per ton), while the average price for exports to Algeria ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Polyvinyl Chloride Imports

Imports into Saudi Arabia

In 2022, the amount of polyvinyl chloride imported into Saudi Arabia amounted to X tons, increasing by X% on the year before. Overall, imports, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, polyvinyl chloride imports fell to $X in 2022. In general, imports, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest polyvinyl chloride supplier to Saudi Arabia, with a X% share of total imports. Moreover, polyvinyl chloride imports from the United States exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the United States ($X), the United Arab Emirates ($X) and Belgium ($X) were the largest polyvinyl chloride suppliers to Saudi Arabia, with a combined X% share of total imports. Taiwan (Chinese), South Korea, China, Germany, France and Japan lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average polyvinyl chloride import price amounted to $X per ton, which is down by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton, and then dropped markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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