Bahrain: Market for Extruded Solid Rubber Rods And Profiles 2024

Market Size for Extruded Solid Rubber Rods And Profiles in Bahrain

The Bahraini extruded solid rubber rod market shrank to $X in 2022, declining by -6.7% 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 saw strong growth. Extruded solid rubber rod consumption peaked at $X in 2021, and then declined in the following year.

Exports of Extruded Solid Rubber Rods And Profiles

Exports from Bahrain

In 2022, shipments abroad of extruded solid rubber rods and profiles increased by 139% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, continue to indicate a drastic downturn. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, extruded solid rubber rod exports soared to $X in 2022. Overall, exports, however, showed a abrupt setback. The growth pace was the most rapid in 2018 when exports increased by 175%. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Qatar (X tons), Saudi Arabia (X tons) and Lebanon (X tons) were the main destinations of extruded solid rubber rod exports from Bahrain, with a combined 69% share of total exports. Pakistan, Egypt, Oman and India lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, Qatar ($X), Saudi Arabia ($X) and Egypt ($X) appeared to be the largest markets for extruded solid rubber rod exported from Bahrain worldwide, with a combined 64% share of total exports.

In terms of the main countries of destination, Qatar, with a CAGR of +1.3%, saw 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 extruded solid rubber rod export price amounted to $X per ton, standing approx. at the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 91% against the previous year. The export price peaked at $X per ton in 2021, and then shrank slightly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Pakistan ($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 Qatar (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Extruded Solid Rubber Rods And Profiles

Imports into Bahrain

In 2022, approx. X tons of extruded solid rubber rods and profiles were imported into Bahrain; surging by 3.1% compared with the previous year. In general, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 85% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, extruded solid rubber rod imports declined markedly to $X in 2022. Overall, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +3.7% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 38%. Imports peaked at $X in 2021, and then contracted markedly in the following year.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest supplier of extruded solid rubber rod to Bahrain, with a 89% share of total imports. Moreover, extruded solid rubber rod imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia amounted to +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+54.4% per year) and the United Arab Emirates (+15.3% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of extruded solid rubber rods and profiles to Bahrain, comprising 48% of total imports. The second position in the ranking was held by India ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Saudi Arabia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+49.6% per year) and the United Arab Emirates (+12.5% per year).

Import Prices by Country

The average extruded solid rubber rod import price stood at $X per ton in 2022, dropping by -26.1% against the previous year. Over the period under review, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of 71% 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 the United Arab Emirates ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform