Bahrain: Plastic Support Market 2024

Plastic Support Market Size in Bahrain

The Bahraini plastic support market skyrocketed to $X in 2022, jumping by 31% against the previous year. Overall, consumption, however, continues to indicate a slight decline. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Plastic Support Production in Bahrain

In value terms, plastic support production rose significantly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2020 when the production volume increased by 42% against the previous year. Plastic support production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Plastic Support Exports

Exports from Bahrain

In 2022, overseas shipments of spools, cops and similar supports of plastics decreased by -12% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 30% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, plastic support exports dropped to $X in 2022. Overall, exports saw a deep contraction. The pace of growth was the most pronounced in 2013 when exports increased by 25%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for plastic support exports from Bahrain, accounting for a 55% share of total exports. Moreover, plastic support exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fivefold. Yemen (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia stood at -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+2.5% per year) and Yemen (+2.0% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for spools, cops and similar supports of plastics exports from Bahrain, comprising 54% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 12% share of total exports. It was followed by Yemen, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia stood at -8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+1.8% per year) and Yemen (+1.8% per year).

Export Prices by Country

In 2022, the average plastic support export price amounted to $X per ton, increasing by 5.3% against the previous year. Overall, the export price, however, showed a mild setback. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Oman ($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 Qatar (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Support Imports

Imports into Bahrain

In 2022, overseas purchases of spools, cops and similar supports of plastics increased by 14% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports, however, saw a deep slump. The growth pace was the most rapid in 2017 when imports increased by 52%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic support imports surged to $X in 2022. In general, imports, however, saw a deep slump. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), Saudi Arabia (X tons) and China (X tons) were the main suppliers of plastic support imports to Bahrain, together accounting for 63% of total imports. India, Turkey, Free Zones, Poland, Hungary and Spain lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +66.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), China ($X) and Saudi Arabia ($X) constituted the largest plastic support suppliers to Bahrain, together accounting for 54% of total imports. Turkey, India, Free Zones, Poland, Hungary and Spain lagged somewhat behind, together accounting for a further 27%.

In terms of the main suppliers, Poland, with a CAGR of +83.1%, recorded the highest growth rate of 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 plastic support import price stood at $X per ton in 2022, surging by 16% against the previous year. Over the period under review, the import price, however, saw a slight setback. The pace of growth was the most pronounced in 2018 an increase of 48%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform