Bahrain: Market for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) 2024

Market Size for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) in Bahrain

The Bahraini propyl and isopropyl alcohol market amounted to $X in 2022, picking up by 9.4% against the previous year. Over the period under review, consumption continues to indicate notable growth. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) in Bahrain

In value terms, propyl and isopropyl alcohol production dropped significantly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by 117% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol)

Exports from Bahrain

In 2022, the amount of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exported from Bahrain soared to X tons, increasing by 18,812% compared with the year before. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, propyl and isopropyl alcohol exports skyrocketed to $X in 2022. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main destinations of propyl and isopropyl alcohol exports from Bahrain.

From 2014 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +3,594,000.0%).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exports from Bahrain, comprising 72% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 28% share of total exports.

From 2014 to 2022, the average annual growth rate of value to the United Arab Emirates totaled +2,185,520.0%.

Export Prices by Country

In 2022, the average propyl and isopropyl alcohol export price amounted to $X per ton, jumping by 116% against the previous year. Overall, the export price saw a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Saudi Arabia stood at $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+10.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol)

Imports into Bahrain

In 2022, approx. X tons of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) were imported into Bahrain; increasing by 51% against 2021 figures. Over the period under review, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 66%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, propyl and isopropyl alcohol imports soared to $X in 2022. Overall, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 172%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X tons) constituted the largest supplier of propyl and isopropyl alcohol to Bahrain, accounting for a 57% share of total imports. Moreover, propyl and isopropyl alcohol imports from South Africa exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume from South Africa amounted to +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+30.8% per year) and the United States (+46.7% per year).

In value terms, the largest propyl and isopropyl alcohol suppliers to Bahrain were South Africa ($X), the Netherlands ($X) and the United States ($X), together comprising 89% of total imports.

The United States, with a CAGR of +39.9%, recorded the highest growth rate of the value of imports, in terms of 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 propyl and isopropyl alcohol import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 64% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 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 States ($X per ton), while the price for South Korea ($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 Netherlands (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform