MDF Price in Bahrain - 2022
Contents:
- MDF Price in Bahrain (CIF) - 2022
- MDF Price in Bahrain (FOB) - 2022
- MDF Imports in Bahrain
- MDF Exports in Bahrain
MDF Price in Bahrain (CIF) - 2022
In 2022, the average MDF import price amounted to $438 per cubic meter, growing by 19% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $455 per cubic meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,098 per cubic meter), while the price for India ($361 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
MDF Price in Bahrain (FOB) - 2022
In 2022, the average MDF export price amounted to $790 per cubic meter, growing by 318% against the previous year. Over the period under review, the export price recorded a prominent expansion. 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($1,104 per cubic meter), while the average price for exports to the United Arab Emirates totaled $651 per cubic meter.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+8.9%).
MDF Imports in Bahrain
In 2022, the amount of MDF imported into Bahrain dropped markedly to 25K cubic meters, declining by -31% on the previous year's figure. Over the period under review, imports recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. As a result, imports attained the peak of 36K cubic meters, and then declined rapidly in the following year.
In value terms, MDF imports reduced dramatically to $11M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +7.9% 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 +25.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 39%. As a result, imports attained the peak of $13M, and then reduced markedly in the following year.
Import of MDF in Bahrain (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 2.1 | 2.6 | 6.1 | 5.0 | 33.5% |
China | 1.1 | 1.0 | 1.0 | 1.5 | 10.9% |
Spain | 1.1 | 1.4 | 0.8 | 1.3 | 5.7% |
Turkey | 0.3 | 0.4 | 0.5 | 0.6 | 26.0% |
Malaysia | 1.3 | 0.9 | 0.2 | 0.6 | -22.7% |
India | 0.2 | 0.1 | 0.2 | 0.5 | 35.7% |
Vietnam | 0.3 | 0.3 | 0.4 | 0.4 | 10.1% |
United Arab Emirates | 1.0 | 1.5 | 2.7 | 0.1 | -53.6% |
Others | 1.2 | 1.3 | 1.4 | 1.0 | -5.9% |
Total | 8.8 | 9.7 | 13.4 | 11.0 | 7.7% |
Top Suppliers of MDF to Bahrain in 2022:
- Thailand (13.6K cubic meters)
- China (3.7K cubic meters)
- Spain (2.3K cubic meters)
- India (1.3K cubic meters)
- Malaysia (1.2K cubic meters)
- Turkey (0.8K cubic meters)
- Vietnam (0.7K cubic meters)
- United Arab Emirates (0.3K cubic meters)
MDF Exports in Bahrain
In 2022, the amount of MDF exported from Bahrain reduced notably to 221 cubic meters, declining by -70.5% compared with 2021 figures. In general, exports continue to indicate a significant curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 222%. As a result, the exports reached the peak of 748 cubic meters, and then shrank dramatically in the following year.
In value terms, MDF exports surged to $175K in 2022. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 123% against the previous year. Over the period under review, the exports attained the maximum at $230K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of MDF in Bahrain (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | N/A | N/A | N/A | 106 | 0% |
Saudi Arabia | 213 | 61.7 | 17.1 | 60.7 | -34.2% |
France | N/A | N/A | 124 | N/A | 0% |
Others | 17.4 | 1.8 | 0.7 | 7.7 | -23.8% |
Total | 230 | 63.6 | 141 | 175 | -8.7% |
Top Export Markets for MDF from Bahrain in 2022:
- United Arab Emirates (163.0 cubic meters)
- Saudi Arabia (55.0 cubic meters)
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