Bahrain: Composite Laboratory Reagents Market 2024

Composite Laboratory Reagents Market Size in Bahrain

In 2022, the Bahraini composite laboratory reagents market decreased by -16.9% to $X, falling for the second year in a row after two years of growth. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Composite Laboratory Reagents Exports

Exports from Bahrain

In 2018, shipments abroad of composite diagnostic or laboratory reagents was finally on the rise to reach X kg after three years of decline. Over the period under review, exports, however, saw a dramatic shrinkage. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2018, the exports failed to regain momentum.

In value terms, composite laboratory reagents exports skyrocketed to $X in 2018. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 15,011%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2018, the exports remained at a lower figure.

Exports by Country

Oman (X kg) was the main destination for composite laboratory reagents exports from Bahrain, accounting for a 85% share of total exports. Moreover, composite laboratory reagents exports to Oman exceeded the volume sent to the second major destination, Saudi Arabia (X kg), more than tenfold.

From 2013 to 2018, the average annual rate of growth in terms of volume to Oman stood at -7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+83.8% per year) and Free Zones (0.0% per year).

In value terms, Oman ($X) emerged as the key foreign market for composite diagnostic or laboratory reagents exports from Bahrain, comprising 90% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an 8.9% share of total exports.

From 2013 to 2018, the average annual growth rate of value to Oman stood at +161.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+404.2% per year) and Free Zones (0.0% per year).

Export Prices by Country

The average composite laboratory reagents export price stood at $X per ton in 2018, declining by -35.3% against the previous year. Over the period under review, the export price, however, saw a significant expansion. The pace of growth was the most pronounced in 2014 an increase of 4,639% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017, and then contracted dramatically in the following year.

There were significant differences in the average prices for the major external markets. In 2018, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Free Zones ($X per ton) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1,511.2%), while the prices for the other major destinations experienced more modest paces of growth.

Composite Laboratory Reagents Imports

Imports into Bahrain

In 2022, the amount of composite diagnostic or laboratory reagents imported into Bahrain shrank notably to X tons, reducing by -16.9% compared with 2021. In general, imports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 195% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, composite laboratory reagents imports declined remarkably to $X in 2022. Over the period under review, imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 177% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of composite laboratory reagents to Bahrain, accounting for a 38% share of total imports. Moreover, composite laboratory reagents imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. Hong Kong SAR (X tons) ranked third in terms of total imports with a 4% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +68.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+23.5% per year) and Hong Kong SAR (+42.7% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of composite diagnostic or laboratory reagents to Bahrain, comprising 31% of total imports. The second position in the ranking was taken by China ($X), with an 8.4% share of total imports. It was followed by the United States, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands stood at +37.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+87.3% per year) and the United States (+8.4% per year).

Import Prices by Country

The average composite laboratory reagents import price stood at $X per ton in 2022, approximately reflecting the previous year. In general, the import price, however, showed a prominent expansion. The pace of growth was the most pronounced in 2020 an increase of 277% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

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 Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+25.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform