Bahrain: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Bahrain

The Bahraini market for polyethylene terephthalate and other polyethylene terephthalate in primary forms reduced slightly to $X in 2022, with a decrease of -3% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Consumption of peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Bahrain

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms declined modestly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 44% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production of growth failed to regain momentum.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Bahrain

In 2015, the amount of polyethylene terephthalate and other polyethylene terephthalate in primary forms exported from Bahrain skyrocketed to X tons, jumping by 319% compared with 2014. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms skyrocketed to $X in 2015. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X tons) was the main destination for exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Bahrain, with a approx. 100% share of total exports.

From 2014 to 2015, the average annual rate of growth in terms of volume to India amounted to +317.9%.

In value terms, India ($X) also remains the key foreign market for polyethylene terephthalate and other polyethylene terephthalate in primary forms exports from Bahrain.

From 2014 to 2015, the average annual growth rate of value to India stood at +489.2%.

Export Prices by Country

The average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2015, jumping by 42% against the previous year. Over the period under review, export price indicated a significant expansion from 2014 to 2015: its price increased at an average annual rate of +42.0% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2014 to 2015, the rate of growth in terms of prices for India amounted to +41.0% per year.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Bahrain

In 2022, supplies from abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms decreased by -0.2% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 590%. Over the period under review, imports of attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms declined to $X in 2022. In general, imports, however, recorded modest growth. The growth pace was the most rapid in 2013 with an increase of 582%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Oman (X tons) constituted the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms supplier to Bahrain, accounting for a 66% share of total imports. Moreover, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Oman exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume from Oman stood at +19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.1% per year) and the United Arab Emirates (-2.6% per year).

In value terms, Oman ($X), the United Arab Emirates ($X) and China ($X) constituted the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms suppliers to Bahrain, together comprising 92% of total imports.

The United Arab Emirates, with a CAGR of +14.8%, 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 import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the import price showed a abrupt curtailment. The pace of growth was the most pronounced in 2018 when the average import price increased by 50%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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 Arab Emirates ($X per ton), while the price for India ($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 United Arab Emirates (+17.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform