Bahrain: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Bahrain

In 2022, the Bahraini odoriferous substance mixture market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption showed a tangible increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Odoriferous Substance Mixture Exports

Exports from Bahrain

In 2022, after two years of growth, there was significant decline in overseas shipments of mixtures of odoriferous substances and their preparations, when their volume decreased by -76.9% to X tons. In general, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 14,211% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then dropped markedly in the following year.

In value terms, odoriferous substance mixture exports fell remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 6,813%. The exports peaked at $X in 2021, and then declined markedly in the following year.

Exports by Country

Pakistan (X tons) was the main destination for odoriferous substance mixture exports from Bahrain, with a 98% share of total exports. It was followed by the United Arab Emirates (X tons), with a 1.7% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Pakistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+16.6% per year) and Saudi Arabia (+73.3% per year).

In value terms, Pakistan ($X) remains the key foreign market for mixtures of odoriferous substances and their preparations exports from Bahrain, comprising 95% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 3.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Pakistan amounted to +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+20.6% per year) and Saudi Arabia (+81.7% per year).

Export Prices by Country

In 2022, the average odoriferous substance mixture export price amounted to $X per ton, with a decrease of -21.5% against the previous year. In general, the export price recorded a noticeable descent. The most prominent rate of growth was recorded in 2019 an increase of 256%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Pakistan ($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 Saudi Arabia (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Bahrain

After two years of growth, purchases abroad of mixtures of odoriferous substances and their preparations decreased by -2.2% to X tons in 2022. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% 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 +67.1% against 2017 indices. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year. As a result, imports attained the peak of X tons, and then declined slightly in the following year.

In value terms, odoriferous substance mixture imports amounted to $X in 2022. In general, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.9% 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 +74.9% against 2017 indices. The pace of growth was the most pronounced in 2021 when imports increased by 27% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Switzerland (X tons), the United Arab Emirates (X tons) and France (X tons) were the main suppliers of odoriferous substance mixture imports to Bahrain, together comprising 40% of total imports. Turkey, India, the Netherlands, Thailand, Malta, Egypt, the UK, Spain and the United States lagged somewhat behind, together accounting for a further 52%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +56.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest odoriferous substance mixture suppliers to Bahrain were Switzerland ($X), Turkey ($X) and France ($X), with a combined 57% share of total imports.

Turkey, with a CAGR of +74.9%, recorded the highest growth rate of 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 odoriferous substance mixture import price amounted to $X per ton, surging by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2013 an increase of 17%. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices stood 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 Spain ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform