Bahrain: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Bahrain

The Bahraini market for unsaturated polyesters in primary forms surged to $X in 2023, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a relatively flat trend pattern. Unsaturated polyesters in primary forms consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Exports of Unsaturated Polyesters In Primary Forms

Exports from Bahrain

In 2023, overseas shipments of unsaturated polyesters in primary forms increased by X% to X tons for the first time since 2016, thus ending a six-year declining trend. Over the period under review, exports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2023, the growth of the exports remained at a lower figure.

In value terms, unsaturated polyesters in primary forms exports contracted to $X in 2023. Overall, exports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for unsaturated polyesters in primary forms exports from Bahrain, accounting for a X% share of total exports. Moreover, unsaturated polyesters in primary forms exports to India exceeded the volume sent to the second major destination, the Philippines (X kg), more than tenfold.

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

In value terms, India ($X) remains the key foreign market for unsaturated polyesters in primary forms exports from Bahrain, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total exports.

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

Export Prices by Country

The average export price for unsaturated polyesters in primary forms stood at $X per ton in 2023, dropping by X% against the previous year. Overall, the export price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2023, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to the Philippines stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Unsaturated Polyesters In Primary Forms

Imports into Bahrain

In 2023, the amount of unsaturated polyesters in primary forms imported into Bahrain soared to X tons, with an increase of X% on the previous year. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, unsaturated polyesters in primary forms imports skyrocketed to $X in 2023. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Saudi Arabia (X tons) constituted the largest unsaturated polyesters in primary forms supplier to Bahrain, with a X% share of total imports. Moreover, unsaturated polyesters in primary forms imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Saudi Arabia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and China (X% per year).

In value terms, the largest unsaturated polyesters in primary forms suppliers to Bahrain were Saudi Arabia ($X), the United Arab Emirates ($X) and China ($X), with a combined X% share of total imports. Germany, Italy, India, Free Zones and France lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Germany, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2023, the average import price for unsaturated polyesters in primary forms amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform