Bahrain: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in Bahrain

In 2022, the Bahraini polypropylene in primary forms market increased by 27% to $X, rising for the third consecutive year after four years of decline. Overall, consumption continues to indicate a tangible increase. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Exports of Polypropylene in Primary Forms

Exports from Bahrain

After three years of decline, overseas shipments of polypropylene in primary forms increased by 49% to X tons in 2022. In general, exports showed resilient growth. The growth pace was the most rapid in 2015 with an increase of 329%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, polypropylene in primary forms exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 672% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons), Egypt (X tons) and Pakistan (X tons) were the main destinations of polypropylene in primary forms exports from Bahrain, together comprising 96% of total exports.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +33.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) emerged as the key foreign market for polypropylene in primary forms exports from Bahrain, comprising 75% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 15% share of total exports. It was followed by Pakistan, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Egypt was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+23.9% per year) and Pakistan (+8.6% per year).

Export Prices by Country

In 2022, the average polypropylene in primary forms export price amounted to $X per ton, with an increase of 129% against the previous year. In general, the export price, however, recorded a abrupt setback. The growth pace was the most rapid in 2016 when the average export price increased by 136%. The export price peaked 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 China ($X per ton), while the average price for exports to the United Arab Emirates ($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 China (+49.5%), while the prices for the other major destinations experienced a decline.

Imports of Polypropylene in Primary Forms

Imports into Bahrain

Polypropylene in primary forms imports into Bahrain soared to X tons in 2022, growing by 34% on the previous year's figure. Overall, imports saw moderate growth. The most prominent rate of growth was recorded in 2014 with an increase of 58% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, polypropylene in primary forms imports surged to $X in 2022. In general, imports recorded a measured increase. The pace of growth was the most pronounced in 2013 when imports increased by 45%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest supplier of polypropylene in primary forms to Bahrain, accounting for a 63% share of total imports. Moreover, polypropylene in primary forms imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. The third position in this ranking was taken by Oman (X tons), with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia stood at +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+36.4% per year) and Oman (+14.8% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of polypropylene in primary forms to Bahrain, comprising 63% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 27% share of total imports. It was followed by Oman, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Saudi Arabia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+36.7% per year) and Oman (+10.0% per year).

Import Prices by Country

In 2022, the average polypropylene in primary forms import price amounted to $X per ton, reducing by -5.5% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 34%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform