Bahrain: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Bahrain

The Bahraini halogenated hydrocarbon derivative market declined modestly to $X in 2022, which is down by -4.5% 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 continues to indicate a abrupt slump. Halogenated hydrocarbon derivative consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Halogenated Hydrocarbon Derivative Exports

Exports from Bahrain

In 2022, overseas shipments of halogenated derivatives of hydrocarbons increased by 452% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, recorded a precipitous setback. The pace of growth appeared the most rapid in 2018 when exports increased by 927%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, halogenated hydrocarbon derivative exports surged to $X in 2022. Overall, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 1,565% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Kuwait (X tons) and the United Arab Emirates (X kg) were the main destinations of halogenated hydrocarbon derivative exports from Bahrain, with a combined 96% 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 the United States (with a CAGR of +48.2%), while the other leaders experienced a decline.

In value terms, the United States ($X) remains the key foreign market for halogenated derivatives of hydrocarbons exports from Bahrain, comprising 88% of total exports. The second position in the ranking was held by Kuwait ($X), with a 7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +54.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-30.3% per year) and the United Arab Emirates (-17.7% per year).

Export Prices by Country

The average halogenated hydrocarbon derivative export price stood at $X per ton in 2022, jumping by 170% against the previous year. Over the period under review, the export price showed a remarkable increase. The pace of growth appeared the most rapid in 2015 an increase of 305%. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Kuwait ($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 India (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.

Halogenated Hydrocarbon Derivative Imports

Imports into Bahrain

In 2022, halogenated hydrocarbon derivative imports into Bahrain contracted to X tons, dropping by -10.5% against 2021. Over the period under review, imports saw a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of 28%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, halogenated hydrocarbon derivative imports contracted to $X in 2022. In general, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of 52% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons), China (X tons) and the United States (X tons) were the main suppliers of halogenated hydrocarbon derivative imports to Bahrain, together accounting for 94% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of -4.7%), while imports for the other leaders experienced a decline.

In value terms, the largest halogenated hydrocarbon derivative suppliers to Bahrain were India ($X), China ($X) and the United States ($X), with a combined 94% share of total imports. France, South Korea and the UK lagged somewhat behind, together comprising a further 2.5%.

In terms of the main suppliers, South Korea, with a CAGR of -0.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average halogenated hydrocarbon derivative import price stood at $X per ton in 2022, with an increase of 9.9% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, halogenated hydrocarbon derivative import price increased by +40.8% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 43%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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 UK ($X per ton), while the price for South Korea ($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 UK (+37.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform