Bahrain: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Bahrain

In 2022, the Bahraini market for plastics pipes and pipe fittings decreased by -55.4% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption showed a noticeable decline. Plastics pipe and pipe fitting consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Plastics Pipes And Pipe Fittings in Bahrain

In value terms, plastics pipe and pipe fitting production reduced slightly to $X in 2022 estimated in export price. In general, production, however, saw a resilient increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by 114% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports from Bahrain

Plastics pipe and pipe fitting exports from Bahrain expanded rapidly to X tons in 2022, with an increase of 6.4% on the year before. In general, exports showed a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 107% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, plastics pipe and pipe fitting exports skyrocketed to $X in 2022. Over the period under review, exports recorded a buoyant increase. The growth pace was the most rapid in 2020 with an increase of 98%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Saudi Arabia (X tons) was the main destination for plastics pipe and pipe fitting exports from Bahrain, accounting for a 83% share of total exports. Moreover, plastics pipe and pipe fitting 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 held by Iraq (X tons), with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia stood at +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+109.4% per year) and Iraq (+74.3% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for plastics pipes and pipe fittings exports from Bahrain, comprising 84% of total exports. The second position in the ranking was taken by Iraq ($X), with a 5.8% share of total exports. It was followed by Kuwait, with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+94.0% per year) and Kuwait (+1.8% per year).

Export Prices by Country

The average export price for plastics pipes and pipe fittings stood at $X per ton in 2022, surging by 9.5% against the previous year. In general, the export price, however, recorded a slight descent. The growth pace was the most rapid in 2014 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the 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 Jordan ($X per ton), while the average price for exports to India ($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 (+11.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Plastics Pipes And Pipe Fittings

Imports into Bahrain

In 2022, plastics pipe and pipe fitting imports into Bahrain expanded remarkably to X tons, growing by 12% against 2021. Overall, imports, however, saw a pronounced reduction. The growth pace was the most rapid in 2017 when imports increased by 39%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, plastics pipe and pipe fitting imports stood at $X in 2022. Over the period under review, imports, however, saw a slight decline. The most prominent rate of growth was recorded in 2015 with an increase of 30% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest plastics pipe and pipe fitting supplier to Bahrain, with a 34% share of total imports. Moreover, plastics pipe and pipe fitting imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), twofold. The third position in this ranking was taken by India (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-9.6% per year) and India (+9.6% per year).

In value terms, the largest plastics pipe and pipe fitting suppliers to Bahrain were the United Arab Emirates ($X), the UK ($X) and Saudi Arabia ($X), together accounting for 56% of total imports. China, India, Oman, Turkey, Italy and Free Zones lagged somewhat behind, together comprising a further 30%.

Oman, with a CAGR of +13.4%, recorded the highest growth rate of 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

In 2022, the average import price for plastics pipes and pipe fittings amounted to $X per ton, approximately equating the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2018 an increase of 25%. The import price peaked at $X per ton in 2019; however, from 2020 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 ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform