Gold Price in Bahrain - 2022
Contents:
- Gold Price in Bahrain (CIF) - 2022
- Gold Price in Bahrain (FOB) - 2022
- Gold Imports in Bahrain
- Gold Exports in Bahrain
Gold Price in Bahrain (CIF) - 2022
The average gold import price stood at $57,071,806 per ton in 2022, stabilizing at the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gold import price increased by +52.1% against 2015 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 29%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($59,452,829 per ton), while the price for the United Arab Emirates totaled $56,941,201 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+2.4%).
Gold Price in Bahrain (FOB) - 2022
The average gold export price stood at $56,339,144 per ton in 2022, flattening at the previous year. In general, the export price, however, showed slight growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 19%. Over the period under review, the average export prices reached the peak figure at $57,076,116 per ton in 2021, and then dropped modestly in the following year.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +1.9% per year.
Gold Imports in Bahrain
In 2022, gold imports into Bahrain soared to 7.1 tons, picking up by 58% compared with 2021. In general, imports showed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 78%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, gold imports skyrocketed to $405M in 2022. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 85% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Gold in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 195 | 121 | 240 | 367 | 23.5% |
| Switzerland | 22.4 | 17.3 | 14.7 | 36.6 | 17.8% |
| Others | 1.5 | 0.1 | 0.6 | 2.1 | 11.9% |
| Total | 219 | 138 | 255 | 405 | 22.7% |
Top Suppliers of Gold to Bahrain in 2022:
- United Arab Emirates (6.4 tons)
- Switzerland (0.6 tons)
Gold Exports in Bahrain
Gold exports from Bahrain contracted remarkably to 1.6 tons in 2022, waning by -54.5% on the year before. Overall, exports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 7.4% against the previous year.
In value terms, gold exports fell significantly to $90M in 2022. In general, exports recorded a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 16% against the previous year.
| Export of Gold in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 351 | 143 | 182 | 90.4 | -36.4% |
| Hong Kong SAR | 4.0 | 29.7 | 4.4 | N/A | 4.9% |
| Others | 2.1 | 1.2 | 15.2 | 0.1 | -63.8% |
| Total | 357 | 174 | 201 | 90.5 | -36.7% |
Top Export Markets for Gold from Bahrain in 2022:
- United Arab Emirates (1605.0 kg)
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