Salicylic Acid Price in Bahrain - 2022
Contents:
Salicylic Acid Price in Bahrain (CIF) - 2022
In 2022, the average salicylic acid import price amounted to $4,196 per ton, surging by 6.5% against the previous year. In general, the import price, however, showed a noticeable decline. The pace of growth appeared the most rapid in 2016 when the average import price increased by 106%. Over the period under review, average import prices hit record highs at $8,939 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +5.7% per year.
Salicylic Acid Imports in Bahrain
In 2022, supplies from abroad of salicylic acid and its salts was finally on the rise to reach 21 tons for the first time since 2019, thus ending a two-year declining trend. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, salicylic acid imports soared to $90K in 2022. Overall, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Salicylic Acid in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 58.5 | 50.2 | 41.2 | 89.8 | 15.4% |
| Others | N/A | 1.9 | 8.7 | 0.3 | -60.3% |
| Total | 58.5 | 52.1 | 49.8 | 90.1 | 15.5% |
Top Suppliers of Salicylic Acid to Bahrain in 2022:
- India (21.4 tons)
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