Bahrain: Market for Polyolefins other than Polypropylene 2024

Market Size for Polyolefins other than Polypropylene in Bahrain

The Bahraini polyolefins other than polypropylene market contracted modestly to $X in 2022, declining by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Polyolefins other than Polypropylene in Bahrain

In value terms, polyolefins other than polypropylene production contracted slightly to $X in 2022 estimated in export price. In general, the total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Polyolefins other than polypropylene production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Polyolefins other than Polypropylene

Exports from Bahrain

In 2022, polyolefins other than polypropylene exports from Bahrain declined dramatically to X tons, dropping by X% compared with the previous year. Overall, exports faced a sharp descent. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, polyolefins other than polypropylene exports fell rapidly to $X in 2022. Over the period under review, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for polyolefins other than polypropylene exports from Bahrain, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia stood at X%.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for polyolefins other than polypropylene exports from Bahrain.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia amounted to X%.

Export Prices by Country

The average polyolefins other than polypropylene export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price continues to indicate a resilient 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 Saudi Arabia.

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to X% per year.

Imports of Polyolefins other than Polypropylene

Imports into Bahrain

After two years of growth, supplies from abroad of polyolefins other than polypropylene decreased by X% to X tons in 2022. Over the period under review, imports showed a deep slump. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, polyolefins other than polypropylene imports shrank to $X in 2022. Overall, imports showed a deep downturn. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Malaysia (X tons) and the Netherlands (X tons) were the main suppliers of polyolefins other than polypropylene imports to Bahrain, with a combined X% share of total imports. The United States, Vietnam, India, Germany and Saudi Arabia lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X), Malaysia ($X) and the United Arab Emirates ($X) appeared to be the largest polyolefins other than polypropylene suppliers to Bahrain, with a combined X% share of total imports. The Netherlands, India, Germany, Vietnam and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, India, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average polyolefins other than polypropylene import price amounted to $X per ton, growing by X% against the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyolefins other than polypropylene import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual 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 ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform