Bahrain: Sheet Piling Market 2024

Sheet Piling Market Size in Bahrain

In 2023, the Bahraini sheet piling market decreased by X% to $X, falling for the second year in a row after two years of growth. Overall, consumption showed a prominent increase. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Sheet Piling Production in Bahrain

In value terms, sheet piling production amounted to $X in 2023 estimated in export price. Overall, production, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Sheet piling production peaked at $X in 2016; however, from 2017 to 2023, production stood at a somewhat lower figure.

Sheet Piling Exports

Exports from Bahrain

In 2023, shipments abroad of sheet piling, shapes and sections (of iron or steel) was finally on the rise to reach X tons after two years of decline. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X%. The exports peaked at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, sheet piling exports contracted to $X in 2023. In general, exports showed a perceptible expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for sheet piling exports from Bahrain, accounting for a X% share of total exports. Moreover, sheet piling exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), more than tenfold.

From 2012 to 2023, the average annual growth rate of volume to Saudi Arabia totaled X%.

In value terms, Saudi Arabia ($X) remains the key foreign market for sheet piling, shapes and sections (of iron or steel) exports from Bahrain, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to Saudi Arabia amounted to X%.

Export Prices by Country

In 2023, the average sheet piling export price amounted to $X per ton, shrinking by X% against the previous year. In general, export price indicated a modest increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, sheet piling export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2022, and then fell modestly in the following year.

Average prices varied noticeably for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Saudi Arabia amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sheet Piling Imports

Imports into Bahrain

After two years of decline, overseas purchases of sheet piling, shapes and sections (of iron or steel) increased by X% to X tons in 2023. Over the period under review, imports, however, faced a deep downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, sheet piling imports surged to $X in 2023. In general, imports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), Saudi Arabia (X tons) and China (X tons) were the main suppliers of sheet piling imports to Bahrain, with a combined X% share of total imports. Kuwait, the UK and Luxembourg lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of sheet piling, shapes and sections (of iron or steel) to Bahrain, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Kuwait (X% per year).

Import Prices by Country

In 2023, the average sheet piling import price amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price, however, saw a moderate expansion. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2022, and then contracted dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kuwait ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform