Price for Chain and Parts Thereof, of Iron or Steel in Bahrain - 2022
Contents:
- Price for Chain and Parts Thereof, of Iron or Steel in Bahrain (CIF) - 2022
- Price for Chain and Parts Thereof, of Iron or Steel in Bahrain (FOB) - 2022
- Imports of Chain and Parts Thereof, of Iron or Steel in Bahrain
- Exports of Chain and Parts Thereof, of Iron or Steel in Bahrain
Price for Chain and Parts Thereof, of Iron or Steel in Bahrain (CIF) - 2022
In 2022, the average import price for chain and parts thereof, of iron or steel amounted to $3,333 per ton, reducing by -15.7% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 57% against the previous year. The import price peaked at $4,237 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($10,084 per ton), while the price for the United Arab Emirates ($1,023 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chain and Parts Thereof, of Iron or Steel in Bahrain (FOB) - 2022
In 2022, the average export price for chain and parts thereof, of iron or steel amounted to $5,802 per ton, picking up by 5.5% against the previous year. Over the period under review, the export price enjoyed prominent growth. The pace of growth was the most pronounced in 2019 when the average export price increased by 144%. As a result, the export price attained the peak level of $9,890 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($9,725 per ton), while the average price for exports to Saudi Arabia ($3,830 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chain and Parts Thereof, of Iron or Steel in Bahrain
In 2022, the amount of chain and parts thereof, of iron or steel imported into Bahrain surged to 543 tons, jumping by 38% compared with 2021 figures. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +7.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.9% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 52%. As a result, imports reached the peak of 662 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of chain and parts thereof, of iron or steel soared to $1.9M in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 54% against the previous year. As a result, imports reached the peak of $2.8M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Chain and Parts Thereof, of Iron or Steel in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 131 | 123 | 141 | 853 | 86.7% |
| China | 451 | 660 | 394 | 378 | -5.7% |
| Japan | 175 | 143 | 102 | 125 | -10.6% |
| United Arab Emirates | 98.9 | 140 | 26.4 | 78.7 | -7.3% |
| India | 66.9 | 24.3 | 71.2 | 69.6 | 1.3% |
| Germany | 321 | 189 | 230 | 61.9 | -42.2% |
| Spain | N/A | 221 | 47.7 | 39.3 | -57.8% |
| Indonesia | 153 | 797 | 0.1 | 0.4 | -86.2% |
| Others | 414 | 492 | 436 | 251 | -15.4% |
| Total | 1,812 | 2,790 | 1,449 | 1,857 | 0.8% |
Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Bahrain in 2022:
- China (290.7 tons)
- South Korea (102.0 tons)
- United Arab Emirates (76.9 tons)
- Japan (18.6 tons)
- India (15.9 tons)
- Spain (8.8 tons)
- Germany (6.1 tons)
Exports of Chain and Parts Thereof, of Iron or Steel in Bahrain
In 2022, approx. 23 tons of chain and parts thereof, of iron or steel were exported from Bahrain; growing by 4.6% on 2021 figures. Overall, exports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 15% against the previous year. As a result, the exports attained the peak of 38 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of chain and parts thereof, of iron or steel expanded significantly to $130K in 2022. In general, exports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2020 when exports increased by 30%. As a result, the exports reached the peak of $198K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Chain and Parts Thereof, of Iron or Steel in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 82.8 | 69.5 | 40.6 | 31.4 | -27.6% |
| India | 0.1 | N/A | 0.9 | 10.1 | 365.7% |
| United Arab Emirates | 26.9 | 19.6 | 52.1 | 5.1 | -42.6% |
| Oman | 3.6 | 1.1 | 1.5 | 0.6 | -45.0% |
| Free Zones | 31.9 | 93.5 | N/A | N/A | 193.1% |
| Others | 6.9 | 14.5 | 23.4 | 82.6 | 128.8% |
| Total | 152 | 198 | 118 | 130 | -5.1% |
Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Bahrain in 2022:
- Saudi Arabia (8.2 tons)
- India (1.1 tons)
- United Arab Emirates (0.5 tons)
- Oman (0.1 tons)
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