Bahrain: Market for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos 2024

Market Size for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Bahrain

In 2022, after two years of growth, there was significant decline in the Bahraini market for articles of cellulose fibre-cement, not containing asbestos, when its value decreased by -71.7% to $X. Overall, consumption recorded a slight downturn. Over the period under review, the market attained the maximum level at $X in 2021, and then dropped rapidly in the following year.

Production of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Bahrain

In value terms, production of articles of cellulose fibre-cement, not containing asbestos expanded rapidly to $X in 2022 estimated in export price. Overall, production continues to indicate a buoyant increase. The growth pace was the most rapid in 2020 when the production volume increased by 77%. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Exports from Bahrain

In 2022, shipments abroad of articles of cellulose fibre-cement, not containing asbestos was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 723% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of articles of cellulose fibre-cement, not containing asbestos skyrocketed to $X in 2022. Overall, exports showed measured growth. The most prominent rate of growth was recorded in 2016 when exports increased by 1,192% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons), India (X tons) and Kuwait (X tons) were the main destinations of exports of articles of cellulose fibre-cement, not containing asbestos from Bahrain, with a combined 99% share 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 Saudi Arabia (with a CAGR of +2.4%), while the other leaders experienced mixed trend patterns.

In value terms, Saudi Arabia ($X) remains the key foreign market for articles of cellulose fibre-cement, not containing asbestos exports from Bahrain, comprising 55% of total exports. The second position in the ranking was taken by India ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (0.0% per year) and Kuwait (-7.0% per year).

Export Prices by Country

In 2022, the average export price for articles of cellulose fibre-cement, not containing asbestos amounted to $X per ton, waning by -69% against the previous year. Over the period under review, the export price continues to indicate a pronounced setback. The growth pace was the most rapid in 2021 an increase of 351% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to India ($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 (-2.9%).

Imports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Imports into Bahrain

Imports of articles of cellulose fibre-cement, not containing asbestos into Bahrain fell rapidly to X tons in 2022, waning by -42.8% compared with 2021. Overall, imports continue to indicate a sharp contraction. The pace of growth appeared the most rapid in 2019 with an increase of 63% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of articles of cellulose fibre-cement, not containing asbestos shrank significantly to $X in 2022. Over the period under review, imports saw a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of 47%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and Egypt (X kg) were the main suppliers of imports of articles of cellulose fibre-cement, not containing asbestos to Bahrain, with a combined 95% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of -12.7%), while imports for the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of articles of cellulose fibre-cement, not containing asbestos to Bahrain, comprising 72% of total imports. The second position in the ranking was taken by China ($X), with a 20% share of total imports. It was followed by India, with a 0.8% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.9% per year) and India (-26.8% per year).

Import Prices by Country

In 2022, the average import price for articles of cellulose fibre-cement, not containing asbestos amounted to $X per ton, rising by 30% against the previous year. In general, the import price recorded a buoyant expansion. The pace of growth appeared the most rapid in 2017 an increase of 70%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Arab Emirates ($X per ton), while the price for Egypt ($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 Arab Emirates (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform