Bahrain: Sulphur Market 2024

Sulphur Market Size in Bahrain

The Bahraini sulphur market declined to $X in 2022, shrinking by -7.5% against the previous year. In general, consumption, however, continues to indicate a deep setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sulphur Production in Bahrain

In value terms, sulphur production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when the production volume increased by 31%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Sulphur Exports

Exports from Bahrain

In 2022, sulphur exports from Bahrain reduced modestly to X tons, stabilizing at the previous year's figure. In general, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 112% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, sulphur exports dropped to $X in 2022. Overall, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by 142% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Morocco (X tons) was the main destination for sulphur exports from Bahrain, accounting for a 41% share of total exports. Moreover, sulphur exports to Morocco exceeded the volume sent to the second major destination, Indonesia (X tons), threefold. South Africa (X tons) ranked third in terms of total exports with a 9% share.

From 2012 to 2022, the average annual growth rate of volume to Morocco stood at +164.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+115.1% per year) and South Africa (+3.9% per year).

In value terms, Morocco ($X) emerged as the key foreign market for sulphur exports from Bahrain, comprising 35% of total exports. The second position in the ranking was taken by South Africa ($X), with a 12% share of total exports. It was followed by Pakistan, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Morocco stood at +134.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+2.9% per year) and Pakistan (+7.4% per year).

Export Prices by Country

In 2022, the average sulphur export price amounted to $X per ton, waning by -9.4% against the previous year. Over the period under review, the export price recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 an increase of 23% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 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 Pakistan ($X per ton), while the average price for exports to India ($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 Pakistan (+10.4%), while the prices for the other major destinations experienced a decline.

Sulphur Imports

Imports into Bahrain

In 2022, imports of sulphur into Bahrain was estimated at X kg, remaining constant against 2021. Overall, imports, however, continue to indicate a sharp reduction. The pace of growth was the most pronounced in 2018 when imports increased by 171%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sulphur imports shrank to $X in 2022. In general, imports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2019 when imports increased by 31% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X kg) was the main supplier of sulphur to Bahrain, with a 91% share of total imports. Moreover, sulphur imports from the United States exceeded the figures recorded by the second-largest supplier, India (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled -21.9%.

In value terms, the United States ($X) constituted the largest supplier of sulphur to Bahrain, comprising 95% of total imports. The second position in the ranking was taken by India ($X), with a 5.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -15.0%.

Import Prices by Country

In 2022, the average sulphur import price amounted to $X per ton, falling by -5.5% against the previous year. In general, the import price, however, continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2014 an increase of 116%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+161.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform