Glass Fibre Filament Price in Bahrain - 2022
Contents:
- Glass Fibre Filament Price in Bahrain (FOB) - 2022
- Glass Fibre Filament Price in Bahrain (CIF) - 2022
- Glass Fibre Filament Exports in Bahrain
- Glass Fibre Filament Imports in Bahrain
Glass Fibre Filament Price in Bahrain (FOB) - 2022
In 2022, the average glass fibre filament export price amounted to $1,167 per ton, rising by 13% against the previous year. Over the period under review, the export price, however, saw a deep contraction. The pace of growth was the most pronounced in 2021 when the average export price increased by 34% against the previous year. The export price peaked at $2,649 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($1,405 per ton), while the average price for exports to China ($598 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 the United States (+57.9%), while the prices for the other major destinations experienced more modest paces of growth.
Glass Fibre Filament Price in Bahrain (CIF) - 2022
The average glass fibre filament import price stood at $2,182 per ton in 2022, increasing by 12% against the previous year. Over the period under review, the import price continues to indicate prominent growth. The pace of growth appeared the most rapid in 2020 an increase of 43%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,670 per ton), while the price for Saudi Arabia amounted to $1,562 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the prices for the other major suppliers experienced a decline.
Glass Fibre Filament Exports in Bahrain
In 2022, overseas shipments of glass fibre filaments decreased by -23% to 49K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,418%.
In value terms, glass fibre filament exports shrank to $57M in 2022. Overall, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 1,351% against the previous year.
| Export of Glass Fibre Filament in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 11.5 | 14.7 | 22.1 | 38.6% |
| Saudi Arabia | N/A | 8.6 | 19.6 | 10.9 | 12.6% |
| India | N/A | 3.8 | 8.8 | 8.6 | 50.4% |
| Turkey | N/A | 0.4 | 5.8 | 4.0 | 216.2% |
| United Arab Emirates | 0.1 | 4.1 | 2.7 | 3.0 | 210.7% |
| Algeria | 1.8 | 0.8 | 2.1 | 2.1 | 5.3% |
| Oman | 0.6 | 2.3 | 1.3 | 1.9 | 46.8% |
| China | N/A | 4.6 | 2.3 | 0.9 | -55.8% |
| Others | N/A | 0.1 | 8.3 | 3.4 | 483.1% |
| Total | 2.5 | 36.2 | 65.6 | 56.9 | 183.4% |
Top Export Markets for Glass Fibre Filament from Bahrain in 2022:
- United States (15.7K tons)
- Saudi Arabia (11.0K tons)
- India (8.4K tons)
- United Arab Emirates (3.1K tons)
- Turkey (2.9K tons)
- Oman (1.8K tons)
- Algeria (1.7K tons)
- China (1.5K tons)
Glass Fibre Filament Imports in Bahrain
In 2022, approx. 1.1K tons of glass fibre filaments were imported into Bahrain; waning by -2.6% compared with the previous year's figure. Overall, imports saw a precipitous descent. The most prominent rate of growth was recorded in 2021 when imports increased by 49% against the previous year.
In value terms, glass fibre filament imports expanded sharply to $2.4M in 2022. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 85%.
| Import of Glass Fibre Filament in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.3 | 0.9 | 1.5 | 1.6 | -21.4% |
| Saudi Arabia | 0.3 | N/A | 0.1 | 0.1 | -30.7% |
| Others | 0.3 | 0.3 | 0.6 | 0.6 | 26.0% |
| Total | 3.9 | 1.2 | 2.2 | 2.4 | -14.9% |
Top Suppliers of Glass Fibre Filament to Bahrain in 2022:
- China (986.1 tons)
- Saudi Arabia (92.8 tons)
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