Sulphates; of Aluminium Price in Bahrain - 2022
Contents:
- Sulphates; of Aluminium Price in Bahrain (CIF) - 2022
- Sulphates; of Aluminium Price in Bahrain (FOB) - 2022
- Sulphates; of Aluminium Imports in Bahrain
- Sulphates; of Aluminium Exports in Bahrain
Sulphates; of Aluminium Price in Bahrain (CIF) - 2022
In 2022, the average sulphates; of aluminium import price amounted to $151 per ton, falling by -45.3% against the previous year. In general, the import price continues to indicate a drastic downturn. The growth pace was the most rapid in 2017 an increase of 88% against the previous year. Over the period under review, average import prices reached the maximum at $951 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
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 Turkey ($375 per ton), while the price for India ($114 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.7%), while the prices for the other major suppliers experienced a decline.
Sulphates; of Aluminium Price in Bahrain (FOB) - 2022
In 2022, the average sulphates; of aluminium export price amounted to $529 per ton, growing by 7.5% against the previous year. Overall, the export price, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by 30% against the previous year. The export price peaked at $1,460 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Kuwait.
From 2012 to 2022, the rate of growth in terms of prices for Kuwait amounted to -10.9% per year.
Sulphates; of Aluminium Imports in Bahrain
For the fourth consecutive year, Bahrain recorded growth in overseas purchases of sulphates; of aluminia, which increased by 125% to 254 tons in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 232%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, sulphates; of aluminium imports skyrocketed to $38K in 2022. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 156%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Sulphates; of Aluminium in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.1 | 2.7 | 12.0 | 24.2 | 125.9% |
| Turkey | N/A | N/A | N/A | 11.2 | 0% |
| United Arab Emirates | 0.5 | 0.8 | 0.5 | 2.2 | 63.9% |
| China | 6.9 | 8.1 | 17.3 | N/A | 58.3% |
| Others | 0.7 | 0.6 | 1.4 | 0.8 | 4.6% |
| Total | 10.2 | 12.2 | 31.2 | 38.4 | 55.6% |
Top Suppliers of Sulphates; of Aluminium to Bahrain in 2022:
- India (211.2 tons)
- Turkey (30.0 tons)
- United Arab Emirates (12.8 tons)
Sulphates; of Aluminium Exports in Bahrain
In 2022, shipments abroad of sulphates; of aluminia was finally on the rise to reach 18 tons after two years of decline. Over the period under review, exports, however, saw a pronounced decrease.
In value terms, sulphates; of aluminium exports rose notably to $9.7K in 2022. Overall, exports, however, showed a deep reduction.
| Export of Sulphates; of Aluminium in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | 12.9 | 10.7 | 8.8 | 9.7 | -9.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 12.9 | 10.7 | 8.8 | 9.7 | -9.1% |
Top Export Markets for Sulphates; of Aluminium from Bahrain in 2022:
- Kuwait (18.4 tons)
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