Price for Styrene Polymers; Waste, Parings and Scrap in Bahrain - 2022
Contents:
- Price for Styrene Polymers; Waste, Parings and Scrap in Bahrain (CIF) - 2022
- Price for Styrene Polymers; Waste, Parings and Scrap in Bahrain (FOB) - 2022
- Imports of Styrene Polymers; Waste, Parings and Scrap in Bahrain
- Exports of Styrene Polymers; Waste, Parings and Scrap in Bahrain
Price for Styrene Polymers; Waste, Parings and Scrap in Bahrain (CIF) - 2022
In 2022, the average import price for styrene polymers; waste, parings and scraps amounted to $2,968 per ton, surging by 6.6% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +9.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for styrene polymers; waste, parings and scraps increased by +51.3% against 2016 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 54%. Over the period under review, average import prices reached the peak figure at $3,458 per ton in 2015; however, from 2016 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 Saudi Arabia.
From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +9.5% per year.
Price for Styrene Polymers; Waste, Parings and Scrap in Bahrain (FOB) - 2022
In 2022, the average export price for styrene polymers; waste, parings and scraps amounted to $199 per ton, growing by 3.3% against the previous year. Overall, the export price, however, showed a deep slump. The pace of growth was the most pronounced in 2014 when the average export price increased by 18%. As a result, the export price attained the peak level of $1,053 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -13.3% per year.
Imports of Styrene Polymers; Waste, Parings and Scrap in Bahrain
For the fourth consecutive year, Bahrain recorded growth in purchases abroad of styrene polymers; waste, parings and scraps, which increased by 33% to 2.3 tons in 2022. Over the period under review, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 33%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of styrene polymers; waste, parings and scraps surged to $7K in 2022. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 41%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Styrene Polymers; Waste, Parings and Scrap in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 2.5 | 3.5 | 4.9 | 6.9 | 40.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.5 | 3.5 | 4.9 | 7.0 | 40.9% |
Top Suppliers of Styrene Polymers; Waste, Parings and Scrap to Bahrain in 2022:
- Saudi Arabia (2.3 tons)
Exports of Styrene Polymers; Waste, Parings and Scrap in Bahrain
In 2022, approx. 19 tons of styrene polymers; waste, parings and scraps were exported from Bahrain; standing approx. at 2021. The total export volume increased at an average annual rate of +13.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 43% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of styrene polymers; waste, parings and scraps totaled $3.9K in 2022. The total export value increased at an average annual rate of +3.9% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 3.9%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Styrene Polymers; Waste, Parings and Scrap in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.2 | 3.6 | 3.7 | 3.9 | 6.8% |
| United Arab Emirates | 0.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.4 | 3.6 | 3.7 | 3.9 | 4.7% |
Top Export Markets for Styrene Polymers; Waste, Parings and Scrap from Bahrain in 2022:
- China (19.4 tons)
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