Bahrain: Plastic Self-Adhesive Plate Market 2024

Plastic Self-Adhesive Plate Market Size in Bahrain

The Bahraini plastic self-adhesive plate market surged to $X in 2022, increasing by 21% 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, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +32.7% against 2020 indices. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Plastic Self-Adhesive Plate Exports

Exports from Bahrain

For the eleventh consecutive year, Bahrain recorded growth in overseas shipments of plastic self-adhesive plates, sheets and other flat shapes, which increased by 3.3% to X tons in 2022. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2018 with an increase of 175% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, plastic self-adhesive plate exports rose significantly to $X in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 100%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) was the main destination for plastic self-adhesive plate exports from Bahrain, with a 85% share of total exports. Moreover, plastic self-adhesive plate exports to Saudi Arabia exceeded the volume sent to the second major destination, Oman (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia stood at +31.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+29.8% per year) and Qatar (-22.4% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for plastic self-adhesive plates, sheets and other flat shapes exports from Bahrain, comprising 83% of total exports. The second position in the ranking was held by Oman ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to +30.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+24.1% per year) and Qatar (-25.3% per year).

Export Prices by Country

In 2022, the average plastic self-adhesive plate export price amounted to $X per ton, with an increase of 10% against the previous year. In general, the export price, however, saw a slight downturn. The most prominent rate of growth was recorded in 2015 an increase of 43%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Qatar ($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 (-0.5%), while the prices for the other major destinations experienced a decline.

Plastic Self-Adhesive Plate Imports

Imports into Bahrain

Plastic self-adhesive plate imports into Bahrain rose rapidly to X tons in 2022, growing by 13% on the previous year's figure. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +9.8% 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 +23.9% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 176% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, plastic self-adhesive plate imports rose significantly to $X in 2022. In general, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +9.9% 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 +1.8% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 94%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic self-adhesive plate to Bahrain, with a 59% share of total imports. Moreover, plastic self-adhesive plate imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fourfold. Saudi Arabia (X tons) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+17.6% per year) and Saudi Arabia (-1.0% per year).

In value terms, China ($X), the United Arab Emirates ($X) and the United States ($X) were the largest plastic self-adhesive plate suppliers to Bahrain, together comprising 67% of total imports. Saudi Arabia, Turkey, Malaysia and the UK lagged somewhat behind, together accounting for a further 14%.

In terms of the main suppliers, Turkey, with a CAGR of +35.4%, recorded the highest growth rate of 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 plastic self-adhesive plate import price stood at $X per ton in 2022, reducing by -2.2% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 18%. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 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 the UK ($X per ton), while the price for China ($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 UK (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform