Bahrain: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Bahrain

The Bahraini articles of fiber cement market surged to $X in 2022, rising by 24% against the previous year. Overall, consumption, however, saw a pronounced shrinkage. Articles of fiber cement consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Bahrain

In value terms, articles of fiber cement production stood at $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible decrease. The growth pace was the most rapid in 2020 with an increase of 24%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports from Bahrain

In 2022, shipments abroad of articles of asbestos-cement, cellulose fiber-cement or the like increased by 580% to X tons, rising for the second year in a row after four years of decline. Over the period under review, exports, however, saw a deep setback. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, articles of fiber cement exports skyrocketed to $X in 2022. In general, exports saw a notable expansion. The pace of growth was the most pronounced in 2015 with an increase of 204%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons), India (X tons) and Oman (X tons) were the main destinations of articles of fiber cement exports from Bahrain, together accounting for 98% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of +33.8%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for articles of fiber cement exported from Bahrain were Saudi Arabia ($X), Oman ($X) and India ($X), together comprising 80% of total exports.

In terms of the main countries of destination, India, with a CAGR of 0.0%, 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 a decline.

Export Prices by Country

The average articles of fiber cement export price stood at $X per ton in 2022, dropping by -66.6% against the previous year. Over the period under review, the export price, however, saw a resilient expansion. The growth pace was the most rapid in 2020 when the average export price increased by 194%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then declined rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to India ($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 Saudi Arabia (+6.2%).

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports into Bahrain

In 2022, supplies from abroad of articles of asbestos-cement, cellulose fiber-cement or the like was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, showed a pronounced downturn. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, articles of fiber cement imports skyrocketed to $X in 2022. Overall, imports, however, saw a perceptible reduction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of articles of fiber cement to Bahrain, with a 64% share of total imports. Moreover, articles of fiber cement imports from India exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), threefold. China (X tons) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+15.9% per year) and China (-16.2% per year).

In value terms, the largest articles of fiber cement suppliers to Bahrain were Belgium ($X), India ($X) and Saudi Arabia ($X), together accounting for 70% of total imports.

Among the main suppliers, Belgium, with a CAGR of +102.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average articles of fiber cement import price stood at $X per ton in 2022, waning by -29.7% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 58% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped rapidly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform