Bahrain: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Bahrain

The Bahraini prepared additives for cements market skyrocketed to $X in 2022, increasing by 16% against the previous year. Over the period under review, consumption posted a buoyant expansion. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Production of Prepared Additives For Cements, Mortars Or Concretes in Bahrain

In value terms, prepared additives for cements production dropped rapidly to $X in 2022 estimated in export price. In general, production showed a abrupt decline. The pace of growth was the most pronounced in 2014 when the production volume increased by 178%. Prepared additives for cements production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from Bahrain

In 2022, shipments abroad of prepared additives for cements, mortars or concretes increased by 67% to X tons, rising for the second year in a row after six years of decline. Overall, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 406%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, prepared additives for cements exports soared to $X in 2022. Over the period under review, exports, however, recorded a deep contraction. The growth pace was the most rapid in 2014 when exports increased by 302% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Kuwait (X tons) was the main destination for prepared additives for cements exports from Bahrain, accounting for a 86% share of total exports. Moreover, prepared additives for cements exports to Kuwait exceeded the volume sent to the second major destination, Oman (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Kuwait totaled -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-25.3% per year) and Saudi Arabia (-25.6% per year).

In value terms, Kuwait ($X) remains the key foreign market for prepared additives for cements, mortars or concretes exports from Bahrain, comprising 76% of total exports. The second position in the ranking was taken by Oman ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Kuwait totaled -9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-23.4% per year) and Saudi Arabia (-24.3% per year).

Export Prices by Country

The average prepared additives for cements export price stood at $X per ton in 2022, growing by 20% against the previous year. Over the period under review, the export price, however, recorded a noticeable decline. The pace of growth was the most pronounced in 2016 when the average export price increased by 58%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Kuwait ($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 the United Arab Emirates (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports into Bahrain

In 2022, purchases abroad of prepared additives for cements, mortars or concretes was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Overall, imports, however, recorded a noticeable decline. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, prepared additives for cements imports surged to $X in 2022. Over the period under review, imports, however, recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by 70%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest prepared additives for cements supplier to Bahrain, accounting for a 49% share of total imports. Moreover, prepared additives for cements imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold. France (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia amounted to +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-13.5% per year) and France (+2.0% per year).

In value terms, the largest prepared additives for cements suppliers to Bahrain were Saudi Arabia ($X), the United Arab Emirates ($X) and China ($X), together comprising 77% of total imports.

Saudi Arabia, with a CAGR of +7.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average prepared additives for cements import price stood at $X per ton in 2022, shrinking by -3.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2017 an increase of 23% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform