Bahrain: Packaging Materials Market 2024

Packaging Materials Market Size in Bahrain

For the third consecutive year, the Bahraini packaging materials market recorded growth in sales value, which increased by 47% to $X in 2022. Over the period under review, consumption continues to indicate resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Packaging Materials Production in Bahrain

In value terms, packaging materials production totaled less than $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume decreased by 99.9% against the previous year. Packaging materials production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Packaging Materials Exports

Exports from Bahrain

After three years of growth, overseas shipments of packaging materials decreased by -14.6% to X tons in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 929% against the previous year. The exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, packaging materials exports rose markedly to $X in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 539%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Kuwait (X tons) was the main destination for packaging materials exports from Bahrain, accounting for a 68% share of total exports. Moreover, packaging materials exports to Kuwait exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. Jordan (X tons) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kuwait totaled +120.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+28.6% per year) and Jordan (+36.0% per year).

In value terms, Kuwait ($X) remains the key foreign market for packaging materials exports from Bahrain, comprising 62% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 30% share of total exports. It was followed by Jordan, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kuwait totaled +88.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+35.0% per year) and Jordan (+33.8% per year).

Export Prices by Country

The average packaging materials export price stood at $X per ton in 2022, picking up by 33% against the previous year. Overall, the export price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by 146%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Kuwait ($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 Saudi Arabia (+5.0%), while the prices for the other major destinations experienced mixed trend patterns.

Packaging Materials Imports

Imports into Bahrain

For the third year in a row, Bahrain recorded growth in overseas purchases of packaging materials, which increased by 25% to X tons in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.5% 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 +39.7% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 67% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, packaging materials imports soared to $X in 2022. Overall, imports showed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X tons), Saudi Arabia (X tons) and Oman (X tons) were the main suppliers of packaging materials imports to Bahrain, together comprising 57% of total imports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +648.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest packaging materials suppliers to Bahrain were India ($X), Saudi Arabia ($X) and China ($X), with a combined 55% share of total imports. Sweden, Pakistan, Oman, the United States, Germany, Indonesia, France, the Netherlands and Belgium lagged somewhat behind, together comprising a further 34%.

Oman, with a CAGR of +475.6%, saw 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

The average packaging materials import price stood at $X per ton in 2022, jumping by 23% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The pace of growth was the most pronounced in 2021 an increase of 31% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Oman ($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 Netherlands (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform