Bahrain"s petrochemical sector, particularly the resin market, plays a pivotal role in the country"s industrial landscape. The most recent data for 2023 reveals significant activity in the trade of epoxide resins, a key commodity within this market. Import volumes reached a substantial 1,124,095. 92 kg with a total value of $5,990,552. 33, indicating robust demand and a reliance on foreign supply to meet domestic needs. This represents a decrease in import quantity from 2022, which stood at 2,422,186. 58 kg, yet the market value remains competitive, showing a decreasing trend in import dependency. On the export front, Bahrain"s figures for 2023 show 77,800.

757 kg of epoxide resins being exported, valued at $525,382. 756. This marks a significant increase from the previous year"s 13,577. 76 kg, suggesting a strengthening in Bahrain"s production capacity and competitive presence in the international market. The domestic export figures also reflect growth, with 73,027. 979 kg in 2023 compared to 12,805 kg in 2022, underlining an upward trajectory in local manufacturing capabilities. Price trends highlight a moderate increase, with the average price per kilogram for imports slightly adjusted from previous years, aligning with global price movements and demand fluctuations. The re-export activities, though smaller in volume, have also seen growth, particularly when compared to 2022, suggesting improved regional trade relations and distribution channels.

The resin market in Bahrain is poised for further expansion, capitalizing on its strategic location and evolving industrial base. For businesses seeking to engage in Bahrain"s petrochemicals market, platforms like Aritral offer invaluable support. Aritral provides a comprehensive suite of tools, including Product Listing, Direct Communication, Global Sales Assistance, AI-Powered Marketing, and Profile Management, to streamline and enhance international trade endeavors.