Bahrain: Alumina Market 2024

Alumina Market Size in Bahrain

The Bahraini alumina market skyrocketed to $X in 2022, rising by 191% 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). Overall, consumption continues to indicate a prominent expansion. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Alumina Exports

Exports from Bahrain

For the third year in a row, Bahrain recorded growth in shipments abroad of alumina, which increased by 48% to X tons in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 295% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, alumina exports stood at $X in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 320% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for alumina exports from Bahrain, with a 91% share of total exports. Moreover, alumina exports to India exceeded the volume sent to the second major destination, Saudi Arabia (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to India amounted to +70.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+30.7% per year) and the United Arab Emirates (+12.7% per year).

In value terms, Saudi Arabia ($X), India ($X) and the United Arab Emirates ($X) were the largest markets for alumina exported from Bahrain worldwide.

In terms of the main countries of destination, India, with a CAGR of +22.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average alumina export price amounted to $X per ton, which is down by -31.2% against the previous year. Overall, the export price saw a precipitous descent. The pace of growth was the most pronounced in 2016 when the average export price increased by 6.3% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Saudi Arabia ($X per ton), while the average price for exports to India ($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 the United Arab Emirates (+3.7%), while the prices for the other major destinations experienced a decline.

Alumina Imports

Imports into Bahrain

In 2022, imports of alumina into Bahrain soared to X tons, growing by 210% on the previous year's figure. Overall, imports saw strong growth. The pace of growth appeared the most rapid in 2015 with an increase of 745%. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, alumina imports skyrocketed to $X in 2022. In general, imports saw a strong increase. The most prominent rate of growth was recorded in 2015 when imports increased by 745% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Australia (X tons) was the main supplier of alumina to Bahrain, accounting for a 93% share of total imports. Moreover, alumina imports from Australia exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Australia amounted to +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+10.8% per year) and India (-14.3% per year).

In value terms, Australia ($X) constituted the largest supplier of alumina to Bahrain, comprising 92% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 6.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Australia amounted to +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+2.5% per year) and India (-10.7% per year).

Import Prices by Country

The average alumina import price stood at $X per ton in 2022, falling by -11.9% against the previous year. In general, the import price saw a slight shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 43% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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 India ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform