Bahrain: Market for Refractory Products of Siliceous or Diatomite Earths 2024

Market Size for Refractory Products of Siliceous or Diatomite Earths in Bahrain

The Bahraini market for refractory products of siliceous or diatomite earths dropped sharply to $X in 2023, reducing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a perceptible expansion. As a result, consumption attained the peak level of $X. From 2018 to 2023, the growth of the market remained at a somewhat lower figure.

Exports of Refractory Products of Siliceous or Diatomite Earths

Exports from Bahrain

In 2023, exports of refractory products of siliceous or diatomite earths from Bahrain skyrocketed to X tons, increasing by X% on the previous year's figure. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, exports of refractory products of siliceous or diatomite earths skyrocketed to $X in 2023. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports of attained the peak figure at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Nigeria (X tons) was the main destination for exports of refractory products of siliceous or diatomite earths from Bahrain, with a X% share of total exports. Moreover, exports of refractory products of siliceous or diatomite earths to Nigeria exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), more than tenfold. Saudi Arabia (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Nigeria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

In value terms, Nigeria ($X) emerged as the key foreign market for refractory products of siliceous or diatomite earths exports from Bahrain, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Nigeria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Oman (X% per year).

Export Prices by Country

The average export price for refractory products of siliceous or diatomite earths stood at $X per ton in 2023, declining by X% against the previous year. Overall, the export price recorded a mild setback. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2023, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Oman (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Refractory Products of Siliceous or Diatomite Earths

Imports into Bahrain

Imports of refractory products of siliceous or diatomite earths into Bahrain contracted to X tons in 2023, dropping by X% on the year before. In general, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2017 when imports increased by X%. As a result, imports reached the peak of X tons. From 2018 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of refractory products of siliceous or diatomite earths fell to $X in 2023. Over the period under review, imports, however, saw slight growth. The growth pace was the most rapid in 2017 with an increase of X%. As a result, imports reached the peak of $X. From 2018 to 2023, the growth of imports of remained at a lower figure.

Imports by Country

Denmark (X tons), China (X tons) and Oman (X tons) were the main suppliers of imports of refractory products of siliceous or diatomite earths to Bahrain, with a combined X% share of total imports. Saudi Arabia, South Korea, Italy, the Netherlands, Spain and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest refractory products of siliceous or diatomite earths suppliers to Bahrain were Denmark ($X), China ($X) and the Netherlands ($X), together comprising X% of total imports. Italy, South Korea, Oman, Spain, Saudi Arabia and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for refractory products of siliceous or diatomite earths stood at $X per ton in 2023, waning by X% against the previous year. In general, the import price showed a noticeable reduction. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform