Nitrites; Nitrates Price in Bahrain - 2022
Contents:
- Nitrites; Nitrates Price in Bahrain (CIF) - 2022
- Nitrites; Nitrates Price in Bahrain (FOB) - 2022
- Nitrites; Nitrates Imports in Bahrain
- Nitrites; Nitrates Exports in Bahrain
Nitrites; Nitrates Price in Bahrain (CIF) - 2022
The average nitrites; nitrates import price stood at $1,450 per ton in 2022, waning by -9% against the previous year. Over the period under review, the import price, however, showed a strong expansion. The pace of growth appeared the most rapid in 2013 when the average import price increased by 58% against the previous year. Over the period under review, average import prices hit record highs at $2,383 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
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 United Arab Emirates ($2,897 per ton), while the price for Saudi Arabia ($947 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 (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Price in Bahrain (FOB) - 2022
In 2022, the average nitrites; nitrates export price amounted to $5,537 per ton, approximately equating the previous year. Over the period under review, the export price, however, showed a modest increase. The most prominent rate of growth was recorded in 2018 an increase of 57%. Over the period under review, the average export prices attained the peak figure at $5,609 per ton in 2021, and then dropped modestly in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($18,571 per ton), while the average price for exports to the United Arab Emirates stood at $1,613 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+79.9%), while the prices for the other major destinations experienced mixed trend patterns.
Nitrites; Nitrates Imports in Bahrain
In 2022, approx. 117 tons of nitrites; nitrateses were imported into Bahrain; picking up by 23% compared with the previous year's figure. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 86%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, nitrites; nitrates imports totaled $170K in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +9.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 68% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Nitrites; Nitrates in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 49.4 | 34.9 | 69.5 | 143 | 42.5% |
| United States | 5.6 | 5.8 | 6.7 | 15.0 | 38.9% |
| United Arab Emirates | 3.0 | 4.5 | 16.9 | 6.6 | 30.1% |
| Saudi Arabia | 23.8 | 32.3 | 27.2 | 3.8 | -45.7% |
| China | 2.8 | 6.7 | 11.3 | N/A | 100.9% |
| Others | 43.7 | 5.9 | 20.1 | 1.8 | -65.5% |
| Total | 128 | 90.2 | 152 | 170 | 9.9% |
Top Suppliers of Nitrites; Nitrates to Bahrain in 2022:
- India (104.9 tons)
- United States (5.9 tons)
- Saudi Arabia (4.0 tons)
- United Arab Emirates (2.3 tons)
Nitrites; Nitrates Exports in Bahrain
After two years of decline, overseas shipments of nitrites; nitrateses increased by 35% to 242 kg in 2022. In general, exports, however, showed a abrupt shrinkage.
In value terms, nitrites; nitrates exports skyrocketed to $1.3K in 2022. Over the period under review, exports, however, showed a abrupt descent.
| Export of Nitrites; Nitrates in Bahrain (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | 1,678 | 1,197 | 779 | 1,040 | -14.7% |
| United Arab Emirates | 484 | 345 | 225 | 300 | -14.7% |
| Others | N/A | 133 | N/A | N/A | 0% |
| Total | 2,162 | 1,675 | 1,004 | 1,340 | -14.7% |
Top Export Markets for Nitrites; Nitrates from Bahrain in 2022:
- United Arab Emirates (186.0 kg)
- Kuwait (56.0 kg)
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