Bahrain: Non-Cellular Polystyrene Film Market 2024

Non-Cellular Polystyrene Film Market Size in Bahrain

The Bahraini non-cellular polystyrene film market surged to $X in 2022, picking up by 44% 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 recorded a modest increase. Non-cellular polystyrene film consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Non-Cellular Polystyrene Film Exports

Exports from Bahrain

In 2022, approx. X tons of non-cellular polystyrene films, sheets, foil and strip were exported from Bahrain; shrinking by -38.7% against 2021 figures. Over the period under review, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 2,170%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-cellular polystyrene film exports contracted notably to $X in 2022. In general, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by 2,890% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for non-cellular polystyrene film exports from Bahrain, with a 62% share of total exports. Moreover, non-cellular polystyrene film exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +22.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+13.7% per year) and Yemen (-7.5% per year).

In value terms, the United Arab Emirates ($X), Yemen ($X) and Saudi Arabia ($X) constituted the largest markets for non-cellular polystyrene film exported from Bahrain worldwide.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +25.7%, saw the highest growth rate of 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

The average non-cellular polystyrene film export price stood at $X per ton in 2022, waning by -3% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-cellular polystyrene film export price increased by +126.3% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 57%. The export price peaked at $X per ton in 2021, and then contracted modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Yemen ($X per ton), while the average price for exports to Saudi Arabia ($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 Yemen (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cellular Polystyrene Film Imports

Imports into Bahrain

In 2022, the amount of non-cellular polystyrene films, sheets, foil and strip imported into Bahrain skyrocketed to X tons, with an increase of 23% compared with the year before. Over the period under review, imports, however, continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 300% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, non-cellular polystyrene film imports soared to $X in 2022. In general, imports posted a perceptible expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 236% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest supplier of non-cellular polystyrene film to Bahrain, with a 79% share of total imports. Moreover, non-cellular polystyrene film imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), more than tenfold. The third position in this ranking was held by China (X tons), with a 3% share.

From 2012 to 2022, the average annual growth rate of volume from Saudi Arabia stood at +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+46.1% per year) and China (-19.8% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of non-cellular polystyrene films, sheets, foil and strip to Bahrain, comprising 49% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 9.9% share of total imports. It was followed by the UK, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Saudi Arabia amounted to +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+40.1% per year) and the UK (+29.9% per year).

Import Prices by Country

The average non-cellular polystyrene film import price stood at $X per ton in 2022, jumping by 19% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-cellular polystyrene film import price increased by +27.8% against 2020 indices. The pace of growth was the most pronounced in 2016 an increase of 33% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Kuwait ($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 (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform