Bahrain: Market for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Bahrain

The Bahraini market for rigid tubes, pipes and hoses of polymers of vinyl chloride dropped slightly to $X in 2022, which is down by -3.2% against the previous year. Overall, consumption saw a pronounced descent. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Bahrain

In value terms, vinyl chloride polymer rigid pipes production fell to $X in 2022 estimated in export price. Over the period under review, production posted tangible growth. The most prominent rate of growth was recorded in 2019 with an increase of 262% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Bahrain

In 2022, vinyl chloride polymer rigid pipes exports from Bahrain rose rapidly to X tons, growing by 6.9% on the previous year's figure. Over the period under review, exports recorded prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by 100%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, vinyl chloride polymer rigid pipes exports skyrocketed to $X in 2022. Overall, exports saw strong growth. The growth pace was the most rapid in 2020 with an increase of 88% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Saudi Arabia (X tons) was the main destination for vinyl chloride polymer rigid pipes exports from Bahrain, with a 89% share of total exports. Moreover, vinyl chloride polymer rigid pipes exports to Saudi Arabia exceeded the volume sent to the second major destination, Iraq (X tons), more than tenfold. Kuwait (X tons) ranked third in terms of total exports with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia totaled +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+73.8% per year) and Kuwait (+4.5% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of vinyl chloride exports from Bahrain, comprising 86% of total exports. The second position in the ranking was held by Iraq ($X), with a 6% share of total exports. It was followed by Kuwait, with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+93.0% per year) and Kuwait (+1.3% per year).

Export Prices by Country

The average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, growing by 12% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 15% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Saudi Arabia ($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 Iraq (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Bahrain

In 2022, purchases abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride increased by 41% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 56%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, vinyl chloride polymer rigid pipes imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of vinyl chloride polymer rigid pipes to Bahrain, with a 47% share of total imports. Moreover, vinyl chloride polymer rigid pipes imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Oman (X tons), twofold. India (X tons) ranked third in terms of total imports with a 21% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates amounted to +27.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (-25.0% per year) and India (+8.9% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of vinyl chloride to Bahrain, comprising 51% of total imports. The second position in the ranking was taken by Oman ($X), with a 22% share of total imports. It was followed by India, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled +23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (-21.5% per year) and India (+5.6% per year).

Import Prices by Country

The average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, rising by 3.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2018 an increase of 57%. 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 Free Zones ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+23.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform