Bahrain: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in Bahrain

The Bahraini glass fibre fabrics market surged to $X in 2022, with an increase of 73% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Glass Fibre Fabrics Production in Bahrain

In value terms, glass fibre fabrics production expanded sharply to $X in 2022 estimated in export price. In general, production recorded resilient growth. The growth pace was the most rapid in 2019 with an increase of 47%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Glass Fibre Fabrics Exports

Exports from Bahrain

In 2022, overseas shipments of glass fibre fabrics decreased by -6.4% to X tons for the first time since 2015, thus ending a six-year rising trend. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 134% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, glass fibre fabrics exports contracted significantly to $X in 2022. Over the period under review, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 107% against the previous year. The exports peaked at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

India (X tons) was the main destination for glass fibre fabrics exports from Bahrain, accounting for a 59% share of total exports. Moreover, glass fibre fabrics exports to India exceeded the volume sent to the second major destination, Spain (X tons), fourfold. The third position in this ranking was taken by Romania (X tons), with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India totaled +61.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+63.7% per year) and Romania (+39.8% per year).

In value terms, India ($X) remains the key foreign market for glass fibre fabrics exports from Bahrain, comprising 47% of total exports. The second position in the ranking was taken by Spain ($X), with a 16% share of total exports. It was followed by Romania, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India amounted to +80.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+80.2% per year) and Romania (+53.4% per year).

Export Prices by Country

The average glass fibre fabrics export price stood at $X per ton in 2022, falling by -16.6% against the previous year. In general, the export price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 54%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to India ($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 the United Arab Emirates (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Fabrics Imports

Imports into Bahrain

In 2022, glass fibre fabrics imports into Bahrain soared to X tons, growing by 23% against 2021 figures. Over the period under review, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.6% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 42%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, glass fibre fabrics imports soared to $X in 2022. In general, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 98% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of glass fibre fabrics to Bahrain, accounting for a 64% share of total imports. Moreover, glass fibre fabrics imports from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), sevenfold. Germany (X tons) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+44.9% per year) and Germany (-6.3% per year).

In value terms, the largest glass fibre fabrics suppliers to Bahrain were China ($X), Germany ($X) and the Czech Republic ($X), with a combined 69% share of total imports.

The Czech Republic, with a CAGR of +39.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 glass fibre fabrics import price amounted to $X per ton, with an increase of 5.3% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass fibre fabrics import price decreased by -3.5% against 2020 indices. The growth pace was the most rapid in 2020 when the average import price increased by 42%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 Germany ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform