Bahrain: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Bahrain

The Bahraini market for plastic hoses and hose fittings rose sharply to $X in 2022, picking up by X% against the previous year. In general, consumption, however, recorded a significant increase. Plastic hose and hose fitting consumption peaked in 2022 and is likely to see gradual growth in years to come.

Production of Plastic Hoses and Hose Fittings in Bahrain

In value terms, plastic hose and hose fitting production dropped to $X in 2022 estimated in export price. Overall, production, however, showed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Plastic hose and hose fitting production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Plastic Hoses and Hose Fittings

Exports from Bahrain

In 2022, shipments abroad of plastic hoses and hose fittings decreased by X% to X tons, falling for the third consecutive year after three years of growth. Overall, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, plastic hose and hose fitting exports contracted notably to $X in 2022. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Kuwait (X tons) was the main destination for plastic hose and hose fitting exports from Bahrain, with a X% share of total exports. Moreover, plastic hose and hose fitting exports to Kuwait exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Kuwait totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

In value terms, Kuwait ($X) remains the key foreign market for plastic hoses and hose fittings exports from Bahrain, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Kuwait totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average export price for plastic hoses and hose fittings amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price showed a moderate expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Kuwait ($X 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 Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Bahrain

Plastic hose and hose fitting imports into Bahrain soared to X tons in 2022, picking up by X% on the year before. In general, imports, however, saw a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, plastic hose and hose fitting imports surged to $X in 2022. Overall, imports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and Saudi Arabia (X tons) were the main suppliers of plastic hose and hose fitting imports to Bahrain, together accounting for X% of total imports. Canada, South Korea, India, Qatar, Kuwait, Italy, Turkey, Jordan, Free Zones and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of plastic hoses and hose fittings to Bahrain, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the average import price for plastic hoses and hose fittings amounted to $X per ton, flattening at the previous year. In general, the import price continues to indicate notable growth. The pace of growth was the most pronounced in 2017 an increase of X%. The import price peaked in 2022 and is likely to continue growth in the near future.

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 States ($X per ton), while the price for Qatar ($X 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 States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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