Salts; Molybdates Price in Bahrain - 2022

Salts; Molybdates Price in Bahrain (CIF) - 2022

In 2022, the average salts; molybdates import price amounted to $14,574 per ton, picking up by 148% against the previous year. Overall, the import price showed a significant expansion. As a result, import price reached 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 ($67,389 per ton), while the price for India ($7,700 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+30.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Salts; Molybdates Price in Bahrain (FOB) - 2022

In 2020, the average salts; molybdates export price amounted to $1,096,000 per ton, picking up by 6,331% against the previous year. Over the period under review, the export price enjoyed a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Oman.

From 2019 to 2020, the rate of growth in terms of prices for Oman amounted to 0.0% per year.

Salts; Molybdates Imports in Bahrain

In 2022, overseas purchases of salts; molybdateses decreased by -97.3% to 352 kg, falling for the second consecutive year after two years of growth. Overall, imports showed a significant contraction. The growth pace was the most rapid in 2020 with an increase of 58%. As a result, imports attained the peak of 20 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, salts; molybdates imports dropped rapidly to $5.1K in 2022. In general, imports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 14%. As a result, imports reached the peak of $120K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Salts; Molybdates in Bahrain (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Saudi Arabia	9.0	6.6	5.8	1.6	-43.8%
United Kingdom	1.9	1.7	1.2	1.4	-9.7%
Germany	0.5	0.5	0.1	1.2	33.9%
Belgium	0.2	0.3	0.2	0.6	44.2%
India	47.3	56.3	28.9	0.1	-87.2%
United Arab Emirates	46.1	54.3	40.3	N/A	-6.5%
Others	0.4	0.4	0.1	0.3	-9.1%
Total	105	120	76.6	5.1	-63.5%

Top Suppliers of Salts; Molybdates to Bahrain in 2022:

Saudi Arabia (180.0 kg)
United Kingdom (132.0 kg)
Germany (18.0 kg)
Belgium (11.0 kg)
India (10.0 kg)

Salts; Molybdates Exports in Bahrain

In 2020, the amount of salts; molybdateses exported from Bahrain declined dramatically to 2 kg, reducing by -99.8% against the previous year's figure. Over the period under review, exports faced a sharp curtailment.

In value terms, salts; molybdates exports fell markedly to $2.2K in 2020. In general, exports showed a dramatic shrinkage.