Bahrain: Polyethylene Binder Market 2024

Polyethylene Binder Market Size in Bahrain

The Bahraini polyethylene binder market shrank to $X in 2022, with a decrease of -6% against the previous year. Overall, consumption showed a mild downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Polyethylene Binder Production in Bahrain

In value terms, polyethylene binder production shrank to $X in 2022 estimated in export price. Overall, production showed a slight increase. The most prominent rate of growth was recorded in 2017 with an increase of 34% against the previous year. Polyethylene binder production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Polyethylene Binder Exports

Exports from Bahrain

In 2022, approx. X kg of polyethylene or polypropylene binder or baler (agricultural) twines were exported from Bahrain; waning by -91.7% against the previous year. Overall, exports, however, recorded a temperate expansion. The growth pace was the most rapid in 2021 when exports increased by 7,187% against the previous year. As a result, the exports attained the peak of X tons, and then dropped markedly in the following year.

In value terms, polyethylene binder exports shrank sharply to $X in 2022. Over the period under review, exports, however, showed a modest expansion. The pace of growth was the most pronounced in 2021 with an increase of 3,799% against the previous year. As a result, the exports reached the peak of $X, and then declined remarkably in the following year.

Exports by Country

The United Arab Emirates (X kg) was the main destination for polyethylene binder exports from Bahrain, with a 89% share of total exports. Moreover, polyethylene binder exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X kg), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +30.6%.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for polyethylene or polypropylene binder or baler (agricultural) twines exports from Bahrain, comprising 77% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at +27.8%.

Export Prices by Country

The average polyethylene binder export price stood at $X per ton in 2022, leveling off at the previous year. Overall, the export price continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2018 when the average export price increased by 86% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat 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 Saudi Arabia ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+3.6%).

Polyethylene Binder Imports

Imports into Bahrain

Polyethylene binder imports into Bahrain reduced markedly to X tons in 2022, with a decrease of -57.5% on the previous year. Over the period under review, imports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when imports increased by 225% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, polyethylene binder imports reduced sharply to $X in 2022. Overall, imports saw a deep setback. The growth pace was the most rapid in 2021 when imports increased by 215%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest supplier of polyethylene binder to Bahrain, accounting for a 85% share of total imports. Moreover, polyethylene binder imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, India (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia totaled -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-21.5% per year) and China (-14.3% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of polyethylene or polypropylene binder or baler (agricultural) twines to Bahrain, comprising 72% of total imports. The second position in the ranking was taken by India ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Saudi Arabia amounted to -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-20.0% per year) and China (-22.1% per year).

Import Prices by Country

In 2022, the average polyethylene binder import price amounted to $X per ton, falling by -17.4% against the previous year. Overall, the import price saw a mild descent. The pace of growth appeared the most rapid in 2014 an increase of 16% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Saudi Arabia ($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 (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform