Price for Monophenols; Naphthols and Their Salts in Bahrain - 2022

Price for Monophenols; Naphthols and Their Salts in Bahrain (CIF) - 2022

The average import price for monophenols; naphthols and their saltses stood at $10,000 per ton in 2022, with an increase of 35% against the previous year. Overall, the import price saw strong growth. The pace of growth was the most pronounced in 2013 an increase of 308% against the previous year. Over the period under review, average import prices attained the maximum at $12,650 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -11.1% per year.

Imports of Monophenols; Naphthols and Their Salts in Bahrain

In 2022, after two years of growth, there was significant decline in overseas purchases of monophenols; naphthols and their saltses, when their volume decreased by -18.6% to 35 kg. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 115% against the previous year. As a result, imports reached the peak of 43 kg, and then contracted markedly in the following year.

In value terms, monophenols; naphthols and their salts imports expanded significantly to $350 in 2022. The total import value increased at an average annual rate of +17.6% from 2020 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.