Bahrain: Market for Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip 2024

Market Size for Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip in Bahrain

In 2022, after two years of growth, there was significant decline in the Bahraini non-cellular polyvinyl chloride film market, when its value decreased by -31.9% to $X. In general, consumption, however, saw a strong increase. As a result, consumption attained the peak level of $X, and then reduced markedly in the following year.

Production of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip in Bahrain

In value terms, non-cellular polyvinyl chloride film production fell slightly to $X in 2022 estimated in export price. Overall, production, however, showed a strong increase. The growth pace was the most rapid in 2015 when the production volume increased by 132%. Non-cellular polyvinyl chloride film production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip

Exports from Bahrain

In 2022, overseas shipments of non-cellular polyvinyl chloride films, sheets, foil and strip were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports recorded a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of 134%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, non-cellular polyvinyl chloride film exports soared to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 253%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Yemen (X tons) was the main destination for non-cellular polyvinyl chloride film exports from Bahrain, with a 64% share of total exports. Moreover, non-cellular polyvinyl chloride film exports to Yemen exceeded the volume sent to the second major destination, Egypt (X tons), fourfold. Angola (X tons) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Yemen totaled +87.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+28.4% per year) and Angola (+146.9% per year).

In value terms, Yemen ($X) remains the key foreign market for non-cellular polyvinyl chloride films, sheets, foil and strip exports from Bahrain, comprising 66% of total exports. The second position in the ranking was held by Egypt ($X), with a 15% share of total exports. It was followed by Angola, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Yemen totaled +90.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+32.9% per year) and Angola (+175.6% per year).

Export Prices by Country

In 2022, the average non-cellular polyvinyl chloride film export price amounted to $X per ton, picking up by 12% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-cellular polyvinyl chloride film export price increased by +26.9% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 51%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Saudi Arabia ($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 Angola (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip

Imports into Bahrain

In 2022, purchases abroad of non-cellular polyvinyl chloride films, sheets, foil and strip decreased by -35.4% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports showed a slight contraction. The pace of growth appeared the most rapid in 2016 with an increase of 83% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, non-cellular polyvinyl chloride film imports declined dramatically to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 65% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons) and China (X tons) were the main suppliers of non-cellular polyvinyl chloride film imports to Bahrain, together accounting for 77% of total imports. Turkey, Portugal, India and Thailand lagged somewhat behind, together accounting for a further 13%.

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 +56.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-cellular polyvinyl chloride film suppliers to Bahrain were Saudi Arabia ($X), the United Arab Emirates ($X) and China ($X), with a combined 70% share of total imports. Turkey, Portugal, Thailand and India lagged somewhat behind, together comprising a further 16%.

In terms of the main suppliers, India, with a CAGR of +37.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-cellular polyvinyl chloride film import price stood at $X per ton in 2022, rising by 26% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The import price peaked at $X per ton in 2013; however, from 2014 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 Turkey ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform