Bahrain: Market for Lauric Acid And Other Acids, Their Salts And Esters 2024

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in Bahrain

The Bahraini market for lauric acid and other acids, their salts and esters reached $X in 2023, flattening at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2021; afterwards, it flattened through to 2023.

Production of Lauric Acid And Other Acids, Their Salts And Esters in Bahrain

In value terms, production of lauric acid and other acids, their salts and esters stood at $X in 2023 estimated in export price. Over the period under review, the total production indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Production of peaked at $X in 2021; afterwards, it flattened through to 2023.

Exports of Lauric Acid And Other Acids, Their Salts And Esters

Exports from Bahrain

In 2023, overseas shipments of lauric acid and other acids, their salts and esters increased by X% to X kg for the first time since 2018, thus ending a four-year declining trend. In general, exports, however, showed a sharp curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of lauric acid and other acids, their salts and esters rose remarkably to $X in 2023. Overall, exports, however, faced a precipitous decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X kg) was the main destination for exports of lauric acid and other acids, their salts and esters from Bahrain, with a approx. X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of volume to Saudi Arabia totaled X%.

In value terms, Saudi Arabia ($X) also remains the key foreign market for lauric acid and other acids, their salts and esters exports from Bahrain.

From 2012 to 2023, the average annual growth rate of value to Saudi Arabia amounted to X%.

Export Prices by Country

In 2023, the average export price for lauric acid and other acids, their salts and esters amounted to $X per ton, approximately reflecting the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices stood at a somewhat lower figure.

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

From 2012 to 2023, the rate of growth in terms of prices for Saudi Arabia amounted to X% per year.

Imports of Lauric Acid And Other Acids, Their Salts And Esters

Imports into Bahrain

In 2023, imports of lauric acid and other acids, their salts and esters into Bahrain expanded modestly to X tons, with an increase of X% against the previous year. Over the period under review, imports, however, recorded a noticeable reduction. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, imports of lauric acid and other acids, their salts and esters fell to $X in 2023. Overall, imports saw a mild expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), Saudi Arabia (X tons) and the Netherlands (X tons) were the main suppliers of imports of lauric acid and other acids, their salts and esters to Bahrain, together comprising X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of lauric acid and other acids, their salts and esters to Bahrain, comprising X% of total imports. The second position in the ranking was held by Switzerland ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2023, the average import price for lauric acid and other acids, their salts and esters amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price, however, enjoyed a tangible increase. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform