Price for New Pneumatic Tyres, of Rubber in Bahrain - 2022
Contents:
- Price for New Pneumatic Tyres, of Rubber in Bahrain (CIF) - 2022
- Price for New Pneumatic Tyres, of Rubber in Bahrain (FOB) - 2022
- Imports of New Pneumatic Tyres, of Rubber in Bahrain
- Exports of New Pneumatic Tyres, of Rubber in Bahrain
Price for New Pneumatic Tyres, of Rubber in Bahrain (CIF) - 2022
In 2022, the average import price for new pneumatic tyres, of rubbers amounted to $60 per unit, surging by 9.6% against the previous year. Over the period under review, the import price, however, saw a abrupt downturn. The growth pace was the most rapid in 2021 an increase of 12% against the previous year. The import price peaked at $100 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 ($149 per unit), while the price for India ($36 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for New Pneumatic Tyres, of Rubber in Bahrain (FOB) - 2022
The average export price for new pneumatic tyres, of rubbers stood at $86 per unit in 2022, almost unchanged from the previous year. In general, the export price, however, saw a deep setback. The pace of growth appeared the most rapid in 2021 when the average export price increased by 53%. Over the period under review, the average export prices attained the maximum at $232 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($118 per unit), while the average price for exports to the United Arab Emirates ($47 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+33.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of New Pneumatic Tyres, of Rubber in Bahrain
After two years of decline, supplies from abroad of new pneumatic tyres, of rubbers increased by 21% to 1.1M units in 2022. The total import volume increased at an average annual rate of +4.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, new pneumatic tyres, of rubber imports surged to $64M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of New Pneumatic Tyres, of Rubber in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.0 | 17.5 | 18.2 | 20.2 | 10.4% |
| Japan | 9.3 | 8.6 | 11.4 | 18.0 | 24.6% |
| India | 2.8 | 2.6 | 2.8 | 4.0 | 12.6% |
| Thailand | 2.3 | 1.5 | 1.6 | 3.5 | 15.0% |
| Germany | 1.4 | 1.1 | 1.6 | 2.4 | 19.7% |
| South Korea | 1.4 | 1.5 | 1.3 | 2.3 | 18.0% |
| United Arab Emirates | 2.8 | 2.0 | 1.5 | N/A | -26.8% |
| Others | 10.2 | 9.0 | 9.5 | 13.2 | 9.0% |
| Total | 45.3 | 43.8 | 48.0 | 63.6 | 12.0% |
Top Suppliers of New Pneumatic Tyres, of Rubber to Bahrain in 2022:
- China (492.9K units)
- Japan (252.4K units)
- India (109.1K units)
- South Korea (40.6K units)
- Thailand (37.0K units)
- Germany (16.2K units)
Exports of New Pneumatic Tyres, of Rubber in Bahrain
In 2022, the amount of new pneumatic tyres, of rubbers exported from Bahrain soared to 153K units, growing by 56% against the previous year's figure. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 99% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, new pneumatic tyres, of rubber exports soared to $13M in 2022. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of New Pneumatic Tyres, of Rubber in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | N/A | 2.1 | 3.0 | 3.6 | 30.9% |
| United Arab Emirates | N/A | N/A | N/A | 3.3 | 0% |
| China | N/A | 0.1 | 0.4 | 1.1 | 231.7% |
| Kenya | 1.9 | 2.2 | 1.3 | 1.1 | -16.7% |
| Qatar | N/A | N/A | N/A | 0.9 | 0% |
| Saudi Arabia | 0.4 | 0.4 | 0.2 | 0.4 | 0.0% |
| Oman | 0.3 | N/A | 0.1 | 0.1 | -30.7% |
| Others | 3.6 | 2.1 | 3.4 | 2.6 | -10.3% |
| Total | 6.2 | 6.8 | 8.4 | 13.2 | 28.6% |
Top Export Markets for New Pneumatic Tyres, of Rubber from Bahrain in 2022:
- United Arab Emirates (71.2K units)
- Hong Kong SAR (35.0K units)
- China (12.2K units)
- Kenya (10.2K units)
- Qatar (7.6K units)
- Saudi Arabia (5.8K units)
- Oman (1.2K units)
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