Bahrain: Market for Plastics Tubes, Pipes And Hoses, And Fitting 2024

Market Size for Plastics Tubes, Pipes And Hoses, And Fitting in Bahrain

The Bahraini plastic pipe and hose market skyrocketed to $X in 2022, surging by X% against the previous year. In general, consumption, however, continues to indicate a strong increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Plastics Tubes, Pipes And Hoses, And Fitting in Bahrain

In value terms, plastic pipe and hose production declined to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Plastics Tubes, Pipes And Hoses, And Fitting

Exports from Bahrain

For the fourth consecutive year, Bahrain recorded growth in shipments abroad of plastics tubes, pipes and hoses, and fitting, which increased by X% to X tons in 2022. In general, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, plastic pipe and hose exports rose rapidly to $X in 2022. Overall, exports recorded a notable increase. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) was the main destination for plastic pipe and hose exports from Bahrain, accounting for a X% share of total exports. Moreover, plastic pipe and hose exports to Saudi Arabia exceeded the volume sent to the second major destination, India (X tons), more than tenfold. The third position in this ranking was taken by Iraq (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Iraq (X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for plastics tubes, pipes and hoses, and fitting exports from Bahrain, comprising X% of total exports. The second position in the ranking was held by Iraq ($X), with a X% share of total exports. It was followed by Kuwait, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and Kuwait (X% per year).

Export Prices by Country

In 2022, the average plastic pipe and hose export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, showed a slight descent. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to India ($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 Iraq (X%), while the prices for the other major destinations experienced a decline.

Imports of Plastics Tubes, Pipes And Hoses, And Fitting

Imports into Bahrain

In 2022, the amount of plastics tubes, pipes and hoses, and fitting imported into Bahrain skyrocketed to X tons, jumping by X% against 2021. Overall, imports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2016 with an increase of X%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, plastic pipe and hose imports soared to $X in 2022. Over the period under review, imports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), Saudi Arabia (X tons) and China (X tons) were the main suppliers of plastic pipe and hose imports to Bahrain, together comprising X% of total imports. India, Oman, the UK, Turkey, Germany, Italy, Qatar, the United States and Free Zones lagged somewhat behind, together accounting for a further X%.

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

In value terms, the United Arab Emirates ($X), China ($X) and the UK ($X) constituted the largest plastic pipe and hose suppliers to Bahrain, with a combined X% share of total imports. Saudi Arabia, India, Oman, Germany, the United States, Turkey, Italy, Free Zones and Qatar lagged somewhat behind, together accounting for a further X%.

Oman, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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 plastic pipe and hose import price stood at $X per ton in 2022, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.

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 the United States ($X per ton), while the price for Qatar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform