Bahrain: Market for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium 2025

Market Size for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Bahrain

For the third year in a row, the Bahraini non-aqueous paint and varnish market recorded growth in sales value, which increased by 43% to $X in 2022. Overall, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +25.8% against 2018 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Exports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Exports from Bahrain

In 2022, approx. X tons of paints and varnishes dispersed or dissolved in a non-aqueous medium were exported from Bahrain; shrinking by -60.3% on the previous year. In general, exports, however, recorded resilient growth. The pace of growth was the most pronounced in 2016 with an increase of 320%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-aqueous paint and varnish exports dropped sharply to $X in 2022. Overall, exports, however, showed a strong increase. The pace of growth was the most pronounced in 2016 when exports increased by 268% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for non-aqueous paint and varnish exports from Bahrain, with a 12% share of total exports. Moreover, non-aqueous paint and varnish exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. The third position in this ranking was held by Saudi Arabia (X tons), with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +44.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+5.3% per year) and Saudi Arabia (-24.2% per year).

In value terms, the United States ($X) emerged as the key foreign market for paints and varnishes dispersed or dissolved in a non-aqueous medium exports from Bahrain, comprising 9% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 2.7% share of total exports. It was followed by Saudi Arabia, with a 2.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +41.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+8.8% per year) and Saudi Arabia (-21.1% per year).

Export Prices by Country

In 2022, the average non-aqueous paint and varnish export price amounted to $X per ton, jumping by 38% against the previous year. In general, the export price recorded a resilient increase. The growth pace was the most rapid in 2014 when the average export price increased by 102% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Pakistan ($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 Cyprus (+30.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Imports into Bahrain

Non-aqueous paint and varnish imports into Bahrain stood at X tons in 2022, with an increase of 2.4% compared with 2021. The total import volume increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when imports increased by 42%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, non-aqueous paint and varnish imports surged to $X in 2022. The total import value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 19% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest non-aqueous paint and varnish supplier to Bahrain, accounting for a 78% share of total imports. Moreover, non-aqueous paint and varnish imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), ninefold. Free Zones (X tons) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-6.6% per year) and Free Zones (+50.1% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of paints and varnishes dispersed or dissolved in a non-aqueous medium to Bahrain, comprising 72% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 6.1% share of total imports. It was followed by Germany, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at +24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-6.8% per year) and Germany (-12.6% per year).

Import Prices by Country

In 2022, the average non-aqueous paint and varnish import price amounted to $X per ton, picking up by 13% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 14%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform