Bahrain: Sisal Binder Market 2024

Sisal Binder Market Size in Bahrain

The Bahraini sisal binder market surged to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable setback. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Sisal Binder Production in Bahrain

In value terms, sisal binder production expanded notably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Sisal Binder Exports

Exports from Bahrain

In 2020, approx. X tons of sisal binder or baler (agricultural) twines were exported from Bahrain; dropping by X% against the year before. Over the period under review, exports recorded a sharp decrease. Over the period under review, the exports reached the peak figure at X tons in 2019, and then dropped dramatically in the following year.

In value terms, sisal binder exports surged to $X in 2020. Overall, total exports indicated a significant increase from 2019 to 2020: its value increased at an average annual rate of X% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kuwait (X tons) was the main destination for sisal binder exports from Bahrain, with a X% share of total exports. It was followed by Oman (X kg), with a X% share of total exports.

From 2019 to 2020, the average annual rate of growth in terms of volume to Kuwait was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Saudi Arabia (X% per year).

In value terms, Kuwait ($X) emerged as the key foreign market for sisal binder or baler (agricultural) twines exports from Bahrain, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with a X% share of total exports.

From 2019 to 2020, the average annual rate of growth in terms of value to Kuwait was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The average sisal binder export price stood at $X per ton in 2020, increasing by X% against the previous year. Overall, the export price enjoyed a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2020, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Kuwait ($X per ton) was amongst the lowest.

From 2019 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%).

Sisal Binder Imports

Imports into Bahrain

In 2022, the amount of sisal binder or baler (agricultural) twines imported into Bahrain surged to X tons, growing by X% on 2021 figures. Overall, imports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2016 when imports increased by X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, sisal binder imports surged to $X in 2022. Over the period under review, imports, however, saw a noticeable slump. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest sisal binder supplier to Bahrain, with a X% share of total imports. Moreover, sisal binder imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X kg), sixfold. The UK (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and the UK (X% per year).

In value terms, China ($X) constituted the largest supplier of sisal binder or baler (agricultural) twines to Bahrain, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by Bulgaria, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Bulgaria (X% per year).

Import Prices by Country

In 2022, the average sisal binder import price amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price, however, saw pronounced growth. The growth pace was the most rapid in 2015 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :