Bahrain: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Bahrain

In 2022, the Bahraini market for self-adhesive plastic tape in rolls of a width under 20cm increased by 38% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports from Bahrain

In 2022, after two years of decline, there was significant growth in overseas shipments of self-adhesive plastic tape in rolls of a width under 20cm, when their volume increased by 212% to X tons. In general, exports, however, showed a sharp decrease. The pace of growth appeared the most rapid in 2014 when exports increased by 273% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm skyrocketed to $X in 2022. Over the period under review, exports, however, saw a dramatic setback. The most prominent rate of growth was recorded in 2014 when exports increased by 240%. Over the period under review, the exports of reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for exports of self-adhesive plastic tape in rolls of a width under 20cm from Bahrain, accounting for a 91% share of total exports. It was followed by the United Arab Emirates (X kg), with a 0.8% share of total exports. Qatar (X kg) ranked third in terms of total exports with a 0.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia stood at -25.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-37.1% per year) and Qatar (-49.0% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for self-adhesive plastic tape in rolls of a width under 20cm exports from Bahrain, comprising 51% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 0.2% share of total exports. It was followed by Qatar, with a 0.2% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia totaled -24.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-39.9% per year) and Qatar (-48.7% per year).

Export Prices by Country

In 2022, the average export price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, almost unchanged from the previous year. In general, the export price, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2015 an increase of 51% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then dropped slightly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Oman ($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 Saudi Arabia (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports into Bahrain

In 2022, overseas purchases of self-adhesive plastic tape in rolls of a width under 20cm increased by 27% to X tons, rising for the second consecutive year after three years of decline. Overall, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2013 when imports increased by 241%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm soared to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 134% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and Saudi Arabia (X tons) were the main suppliers of imports of self-adhesive plastic tape in rolls of a width under 20cm to Bahrain, with a combined 72% share of total imports. Vietnam, Japan, Malaysia and the UK lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +68.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of self-adhesive plastic tape in rolls of a width under 20cm to Bahrain, comprising 34% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Japan, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.1% per year) and Japan (+4.2% per year).

Import Prices by Country

The average import price for self-adhesive plastic tape in rolls of a width under 20cm stood at $X per ton in 2022, growing by 11% against the previous year. Overall, the import price recorded a strong increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 25%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 UK ($X per ton), while the price for Saudi Arabia ($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 UK (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform