MENA: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in MENA

After two years of growth, the MENA's polyvinyl chloride market decreased by X% to $X in 2022. 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 attained the peak level of $X, and then dropped modestly in the following year.

Polyvinyl Chloride Production in MENA

In value terms, polyvinyl chloride production contracted markedly to $X in 2022 estimated in export price. The total production indicated slight growth 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 most prominent rate of growth was recorded 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 declined dramatically in the following year.

Polyvinyl Chloride Exports

Exports in MENA

In 2022, overseas shipments of polyvinyl chloride were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, polyvinyl chloride exports expanded rapidly to $X in 2022. Over the period under review, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Egypt (X tons), Saudi Arabia (X tons), Turkey (X tons) and the United Arab Emirates (X tons) represented roughly X% of total exports in 2022. 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 main exporting countries, was attained by Oman (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Saudi Arabia ($X) and Turkey ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Turkey, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries 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 MENA stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Oman ($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 mixed trends in the export price figures.

Polyvinyl Chloride Imports

Imports in MENA

In 2022, purchases abroad of polyvinyl chloride increased by X% to X tons, rising for the third consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, polyvinyl chloride imports contracted to $X in 2022. Total imports indicated moderate growth 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% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Turkey represented the main importing country with an import of about X tons, which amounted to X% of total imports. Egypt (X tons) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%), Algeria (X%) and Saudi Arabia (X%). The following importers - Morocco (X tons), Israel (X tons), Tunisia (X tons), Oman (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 polyvinyl chloride. At the same time, Qatar (X%), Oman (X%), Algeria (X%), Bahrain (X%), the United Arab Emirates (X%), Egypt (X%), Kuwait (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Tunisia experienced a relatively flat trend pattern. By contrast, Israel (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. Algeria (X p.p.), Egypt (X p.p.) and the United Arab Emirates (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 ($X) constitutes the largest market for imported polyvinyl chloride in MENA, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with an X% share.

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

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, with a decrease of X% against the previous year. Import price indicated a temperate increase 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 when the import price increased by X%. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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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