Bahrain: Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Bahrain

The Bahraini market for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X in 2022, picking up by 1.9% 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). In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in years to come.

Exports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Bahrain

After four years of growth, shipments abroad of polyester tow and staple, not carded, combed or otherwise processed for spinning decreased by -31.6% to X tons in 2022. Overall, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 815%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning fell rapidly to $X in 2022. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 661%. Over the period under review, the exports of reached the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Bahrain, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia stood at +59.0%.

In value terms, Saudi Arabia ($X) also remains the key foreign market for polyester tow and staple, not carded, combed or otherwise processed for spinning exports from Bahrain.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia amounted to +68.1%.

Export Prices by Country

The average export price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, dropping by -19.5% against the previous year. In general, the export price, however, saw resilient growth. The pace of growth appeared the most rapid in 2017 an increase of 376% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2022, the rate of growth in terms of prices for Pakistan amounted to +25.4% per year.

Imports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Bahrain

In 2022, the amount of polyester tow and staple, not carded, combed or otherwise processed for spinning imported into Bahrain reduced to X tons, declining by -10.6% compared with the previous year's figure. In general, imports, however, continue to indicate a mild expansion. The pace of growth appeared the most rapid in 2014 with an increase of 268%. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning rose remarkably to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 208%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, India (X tons) constituted the largest polyester tow and staple, not carded, combed or otherwise processed for spinning supplier to Bahrain, with a 83% share of total imports. Moreover, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning from India exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), more than tenfold. The United States (X tons) ranked third in terms of total imports with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+57.6% per year) and the United States (-8.3% per year).

In value terms, India ($X) constituted the largest supplier of polyester tow and staple, not carded, combed or otherwise processed for spinning to Bahrain, comprising 80% of total imports. The second position in the ranking was held by the United States ($X), with a 6.6% share of total imports. It was followed by Vietnam, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.8% per year) and Vietnam (+30.4% per year).

Import Prices by Country

In 2022, the average import price for polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, growing by 20% against the previous year. Overall, the import price, however, showed a mild downturn. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform