Price for Iron or Steel; Cast Articles in Bahrain - 2022
Contents:
- Price for Iron or Steel; Cast Articles in Bahrain (CIF) - 2022
- Price for Iron or Steel; Cast Articles in Bahrain (FOB) - 2022
- Imports of Iron or Steel; Cast Articles in Bahrain
- Exports of Iron or Steel; Cast Articles in Bahrain
Price for Iron or Steel; Cast Articles in Bahrain (CIF) - 2022
In 2022, the average import price for iron or steel; cast articleses amounted to $1,966 per ton, jumping by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 27% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 Belgium ($5,242 per ton), while the price for Thailand ($1,253 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Cast Articles in Bahrain (FOB) - 2022
The average export price for iron or steel; cast articleses stood at $1,879 per ton in 2022, shrinking by -24.9% against the previous year. Overall, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by 128%. Over the period under review, the average export prices hit record highs at $8,181 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($2,386 per ton), while the average price for exports to the United Arab Emirates ($1,316 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 (-0.2%), while the prices for the other major destinations experienced a decline.
Imports of Iron or Steel; Cast Articles in Bahrain
In 2022, after two years of decline, there was significant growth in overseas purchases of iron or steel; cast articleses, when their volume increased by 41% to 7.7K tons. Overall, imports, however, continue to indicate a deep downturn.
In value terms, iron or steel; cast articles imports skyrocketed to $15M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +6.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron or Steel; Cast Articles in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.7 | 2.9 | 4.5 | 8.4 | 31.4% |
| United Arab Emirates | 2.7 | 2.2 | 1.9 | 3.0 | 3.6% |
| China | 0.8 | 0.5 | 0.5 | 0.6 | -9.1% |
| Saudi Arabia | 0.5 | 0.3 | 0.1 | 0.1 | -41.5% |
| Thailand | 2.7 | 0.9 | 1.1 | N/A | -36.2% |
| Others | 2.4 | 1.3 | 1.1 | 3.0 | 7.7% |
| Total | 12.7 | 8.2 | 9.3 | 15.2 | 6.2% |
Top Suppliers of Iron or Steel; Cast Articles to Bahrain in 2022:
- India (4.9K tons)
- United Arab Emirates (2.1K tons)
- China (0.4K tons)
- Saudi Arabia (0.1K tons)
Exports of Iron or Steel; Cast Articles in Bahrain
In 2022, overseas shipments of iron or steel; cast articleses decreased by -77% to 9.2 tons, falling for the second consecutive year after two years of growth. In general, exports recorded a dramatic decrease. The growth pace was the most rapid in 2020 when exports increased by 63% against the previous year. As a result, the exports attained the peak of 347 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, iron or steel; cast articles exports dropped rapidly to $17K in 2022. Overall, exports continue to indicate a sharp curtailment. The growth pace was the most rapid in 2020 with an increase of 94%. As a result, the exports reached the peak of $1.4M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Iron or Steel; Cast Articles in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 623 | 701 | 75.5 | 10.7 | -74.2% |
| United Arab Emirates | 7.6 | 1.7 | N/A | 6.0 | -7.6% |
| South Korea | 88.6 | N/A | N/A | N/A | 0% |
| Mozambique | 10.4 | 708 | N/A | N/A | 6707.7% |
| Others | 5.3 | 16.8 | 24.9 | 0.7 | -49.1% |
| Total | 735 | 1,428 | 100 | 17.4 | -71.3% |
Top Export Markets for Iron or Steel; Cast Articles from Bahrain in 2022:
- United Arab Emirates (4.5 tons)
- Saudi Arabia (4.5 tons)
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