Bahrain: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Bahrain

In 2022, after three years of growth, there was decline in the Bahraini market for pure polyvinyl chloride in primary forms, when its value decreased by -0.9% to $X. In general, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +77.4% against 2018 indices. Consumption of peaked at $X in 2021, and then reduced slightly in the following year.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from Bahrain

In 2022, overseas shipments of pure polyvinyl chloride in primary forms decreased by -71.2% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 241% against the previous year. As a result, the exports reached the peak of X tons, and then dropped dramatically in the following year.

In value terms, exports of pure polyvinyl chloride in primary forms fell sharply to $X in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 127%. As a result, the exports reached the peak of $X, and then declined sharply in the following year.

Exports by Country

Saudi Arabia (X tons) was the main destination for exports of pure polyvinyl chloride in primary forms from Bahrain, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia stood at +124.3%.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for pure polyvinyl chloride in primary forms exports from Bahrain.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia totaled +137.2%.

Export Prices by Country

In 2022, the average export price for pure polyvinyl chloride in primary forms amounted to $X per ton, rising by 187% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. 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 Saudi Arabia.

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +5.7% per year.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into Bahrain

In 2022, purchases abroad of pure polyvinyl chloride in primary forms decreased by -9.3% to X tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 35%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of pure polyvinyl chloride in primary forms reached $X in 2022. Overall, imports, however, continue to indicate a tangible increase. The pace of growth appeared the most rapid in 2021 when imports increased by 41%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X tons), the United States (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of imports of pure polyvinyl chloride in primary forms to Bahrain, with a combined 75% share of total imports. Thailand, Saudi Arabia, South Korea, India and Japan lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +279.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Taiwan (Chinese) ($X) appeared to be the largest pure polyvinyl chloride in primary forms suppliers to Bahrain, with a combined 75% share of total imports. Thailand, Saudi Arabia, South Korea, India and Japan lagged somewhat behind, together comprising a further 23%.

Among the main suppliers, India, with a CAGR of +428.0%, recorded the highest rates of growth with regard to the value of imports, 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 pure polyvinyl chloride in primary forms stood at $X per ton in 2022, increasing by 12% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for pure polyvinyl chloride in primary forms increased by +83.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 64% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($X per ton) and Thailand ($X per ton), while the price for Saudi Arabia ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+39.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform