Bahrain: Modified Starches Market 2024

Modified Starches Market Size in Bahrain

In 2022, after two years of growth, there was significant decline in the Bahraini modified starches market, when its value decreased by -14.7% to $X. Over the period under review, consumption showed a mild shrinkage. Modified starches consumption peaked at $X in 2021, and then declined in the following year.

Modified Starches Production in Bahrain

In value terms, modified starches production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 39% against the previous year. Modified starches production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Modified Starches Exports

Exports from Bahrain

In 2022, exports of dextrins and other modified starches from Bahrain skyrocketed to X tons, growing by 308% against the previous year's figure. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 595%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, modified starches exports soared to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 544%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Saudi Arabia (X tons) was the main destination for modified starches exports from Bahrain, with a 66% share of total exports. Moreover, modified starches exports to Saudi Arabia exceeded the volume sent to the second major destination, Kuwait (X tons), twofold.

From 2014 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia stood at +74.6%.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for dextrins and other modified starches exports from Bahrain, comprising 83% of total exports. The second position in the ranking was held by Kuwait ($X), with a 16% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to +62.9%.

Export Prices by Country

In 2022, the average modified starches export price amounted to $X per ton, declining by -48.2% against the previous year. Over the period under review, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 an increase of 90%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+107.2%), while the prices for the other major destinations experienced a decline.

Modified Starches Imports

Imports into Bahrain

In 2022, the amount of dextrins and other modified starches imported into Bahrain shrank notably to X tons, which is down by -41.1% on 2021. Over the period under review, imports continue to indicate a pronounced reduction. The growth pace was the most rapid in 2021 with an increase of 104%. As a result, imports attained the peak of X tons, and then dropped rapidly in the following year.

In value terms, modified starches imports reduced sharply to $X in 2022. Overall, imports recorded a perceptible reduction. The growth pace was the most rapid in 2021 with an increase of 88%. As a result, imports attained the peak of $X, and then declined sharply in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest modified starches supplier to Bahrain, accounting for a 41% share of total imports. Moreover, modified starches imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. India (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+54.8% per year) and India (+2.2% per year).

In value terms, the largest modified starches suppliers to Bahrain were the United Arab Emirates ($X), the United States ($X) and the UK ($X), with a combined 71% share of total imports.

Among the main suppliers, the UK, with a CAGR of +49.9%, 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 2022, the average modified starches import price amounted to $X per ton, surging by 12% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 16%. 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 States ($X per ton), while the price for Saudi Arabia ($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 (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform