Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Bahrain - 2022

Contents:

1. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Bahrain (CIF) - 2022
2. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Bahrain (FOB) - 2022
3. Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Bahrain
4. Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Bahrain

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Bahrain (CIF) - 2022

The average import price for fabrics, woven; from strip or the like, of synthetic textile materialses stood at $0.3 per square meter in 2022, with an increase of 7.6% against the previous year. Over the period under review, the import price, however, continues to indicate a mild descent. The growth pace was the most rapid in 2019 an increase of 64% against the previous year. As a result, import price attained the peak level of $0.6 per square meter. From 2020 to 2022, the average 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 Saudi Arabia ($2 per square meter), while the price for Thailand ($0.1 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+11.4%), while the prices for the other major suppliers experienced a decline.

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Bahrain (FOB) - 2022

The average export price for fabrics, woven; from strip or the like, of synthetic textile materialses stood at $0.4 per square meter in 2022, picking up by 15% against the previous year. Overall, the export price recorded buoyant growth. The most prominent rate of growth was recorded in 2013 an increase of 74% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($0.6 per square meter), while the average price for exports to Saudi Arabia ($0.2 per square meter) 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 Arab Emirates (-3.7%), while the prices for the other major destinations experienced a decline.

Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Bahrain

In 2022, purchases abroad of fabrics, woven; from strip or the like, of synthetic textile materialses decreased by -36.4% to 1.1M square meters for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 371% against the previous year. Over the period under review, imports of fabrics, woven; from strip or like, of synthetic textile materialses hit record highs at 1.7M square meters in 2021, and then contracted remarkably in the following year.

In value terms, imports of fabrics, woven; from strip or the like, of synthetic textile materialses contracted rapidly to $338K in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 120% against the previous year. As a result, imports reached the peak of $494K, and then contracted remarkably in the following year.

Top Suppliers of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials to Bahrain in 2022:

1. United Arab Emirates (357.2K square meters)
2. China (325.7K square meters)
3. India (140.5K square meters)
4. Saudi Arabia (80.8K square meters)
5. Indonesia (72.7K square meters)
6. Japan (25.9K square meters)
7. Thailand (22.9K square meters)
8. South Korea (11.9K square meters)

Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Bahrain

In 2022, the amount of fabrics, woven; from strip or the like, of synthetic textile materialses exported from Bahrain reduced to 200K square meters, with a decrease of -5.4% compared with the year before. In general, exports recorded a abrupt decrease. The exports peaked at 266K square meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of fabrics, woven; from strip or the like, of synthetic textile materialses rose remarkably to $72K in 2022. The total export value increased at an average annual rate of +6.0% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials from Bahrain in 2022:

1. Oman (181.7K square meters)
2. Saudi Arabia (10.3K square meters)
3. Kuwait (6.0K square meters)
4. United Arab Emirates (2.4K square meters)

Source: IndexBox Market Intelligence Platform