Waxes; Artificial, Prepared Price in Bahrain - 2022
Contents:
- Waxes; Artificial, Prepared Price in Bahrain (CIF) - 2022
- Waxes; Artificial, Prepared Price in Bahrain (FOB) - 2022
- Waxes; Artificial, Prepared Imports in Bahrain
- Waxes; Artificial, Prepared Exports in Bahrain
Waxes; Artificial, Prepared Price in Bahrain (CIF) - 2022
The average waxes; artificial, prepared import price stood at $3,512 per ton in 2022, declining by -20% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 81% against the previous year. As a result, import price reached the peak level of $4,388 per ton, and then dropped remarkably in the following year.
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 the United Arab Emirates ($11,461 per ton), while the price for India ($2,110 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Waxes; Artificial, Prepared Price in Bahrain (FOB) - 2022
In 2022, the average waxes; artificial, prepared export price amounted to $12,692 per ton, picking up by 221% against the previous year. In general, the export price continues to indicate significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 ($21,129 per ton), while the average price for exports to Saudi Arabia ($5,129 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 Oman (+107.7%), while the prices for the other major destinations experienced more modest paces of growth.
Waxes; Artificial, Prepared Imports in Bahrain
In 2022, purchases abroad of waxes; artificial, prepared increased by 21% to 103 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a significant curtailment.
In value terms, waxes; artificial, prepared imports declined modestly to $362K in 2022. Overall, imports, however, showed a sharp decrease.
| Import of Waxes; Artificial, Prepared in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 58.2 | 45.0 | 63.3 | 111 | 24.0% |
| China | 16.1 | 35.6 | 22.3 | 93.3 | 79.6% |
| Germany | 55.7 | 29.8 | 22.2 | 27.5 | -21.0% |
| United States | 57.4 | 88.3 | 51.8 | 26.8 | -22.4% |
| Netherlands | 51.2 | 10.5 | 2.9 | 26.5 | -19.7% |
| Italy | 103 | 40.5 | 35.3 | 25.2 | -37.5% |
| Turkey | N/A | 0.2 | 1.4 | 5.3 | 414.8% |
| Saudi Arabia | 771 | 248 | 0.1 | 0.5 | -91.3% |
| Jordan | N/A | 20.3 | 0.6 | N/A | -97.0% |
| Others | 111 | 201 | 175 | 45.4 | -25.8% |
| Total | 1,224 | 719 | 375 | 362 | -33.4% |
Top Suppliers of Waxes; Artificial, Prepared to Bahrain in 2022:
- India (52.8 tons)
- China (25.7 tons)
- United States (5.8 tons)
- Italy (5.4 tons)
- Netherlands (4.0 tons)
- Germany (2.9 tons)
- Turkey (2.2 tons)
- Saudi Arabia (0.1 tons)
Waxes; Artificial, Prepared Exports in Bahrain
In 2022, exports of waxes; artificial, prepared from Bahrain dropped sharply to 937 kg, waning by -80.9% on the year before. Overall, exports recorded a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year.
In value terms, waxes; artificial, prepared exports shrank remarkably to $12K in 2022. In general, exports recorded a precipitous curtailment. The growth pace was the most rapid in 2021 when exports increased by 61%.
| Export of Waxes; Artificial, Prepared in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | N/A | 1.2 | N/A | 9.3 | 178.4% |
| Saudi Arabia | 27.2 | N/A | N/A | 2.2 | -56.8% |
| Egypt | N/A | N/A | N/A | 0.4 | 0% |
| United Arab Emirates | N/A | N/A | 17.9 | N/A | 0% |
| Turkey | 28.3 | 10.8 | N/A | N/A | -61.8% |
| Others | 0.1 | N/A | 1.5 | N/A | 287.3% |
| Total | 55.7 | 12.0 | 19.4 | 11.9 | -40.2% |
Top Export Markets for Waxes; Artificial, Prepared from Bahrain in 2022:
- Oman (442.0 kg)
- Saudi Arabia (420.0 kg)
- Egypt (75.0 kg)
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