Price for Steel, Stainless; Angles, Shapes and Sections in Bahrain - 2022
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Bahrain (CIF) - 2022
- Price for Steel, Stainless; Angles, Shapes and Sections in Bahrain (FOB) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in Bahrain
- Exports of Steel, Stainless; Angles, Shapes and Sections in Bahrain
Price for Steel, Stainless; Angles, Shapes and Sections in Bahrain (CIF) - 2022
In 2022, the average import price for steel, stainless amounted to $1,496 per ton, rising by 24% against the previous year. In general, the import price, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 30% against the previous year. Over the period under review, average import prices reached the peak figure at $2,022 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($7,428 per ton), while the price for Oman ($546 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Angles, Shapes and Sections in Bahrain (FOB) - 2022
The average export price for steel, stainless stood at $1,246 per ton in 2022, with a decrease of -10.9% against the previous year. Overall, the export price recorded a deep reduction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 71% against the previous year. The export price peaked at $2,387 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($10,404 per ton), while the average price for exports to the United Arab Emirates ($547 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 France (+66.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Angles, Shapes and Sections in Bahrain
In 2022, imports of steel, stainless into Bahrain declined significantly to 288 tons, reducing by -19.7% compared with the previous year's figure. In general, imports saw a sharp curtailment.
In value terms, imports of steel, stainless dropped modestly to $433K in 2022. Over the period under review, imports faced a sharp downturn.
| Import of Steel, Stainless; Angles, Shapes and Sections in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 600 | 342 | 199 | 193 | -31.5% |
| India | 59.8 | 20.1 | 41.4 | 36.0 | -15.6% |
| South Africa | 24.9 | 26.1 | 26.1 | 29.8 | 6.2% |
| China | 213 | 41.3 | 19.4 | 27.6 | -49.4% |
| Oman | 26.2 | 17.1 | 7.1 | 14.6 | -17.7% |
| Others | 302 | 245 | 142 | 132 | -24.1% |
| Total | 1,227 | 692 | 435 | 433 | -29.3% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Bahrain in 2022:
- Saudi Arabia (226.6 tons)
- Oman (26.8 tons)
- China (8.5 tons)
- India (8.2 tons)
- South Africa (4.5 tons)
Exports of Steel, Stainless; Angles, Shapes and Sections in Bahrain
In 2022, after two years of decline, there was significant growth in shipments abroad of steel, stainless, when their volume increased by 436% to 119 tons. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel, stainless skyrocketed to $143K in 2022. Overall, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Steel, Stainless; Angles, Shapes and Sections in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | N/A | N/A | 129 | 0% |
| Kuwait | 9.5 | 26.9 | 7.8 | 4.3 | -23.2% |
| Saudi Arabia | 5.7 | 4.6 | 3.2 | 1.8 | -31.9% |
| United Arab Emirates | 22.2 | 12.7 | 2.3 | 1.6 | -58.4% |
| Free Zones | N/A | 39.7 | N/A | N/A | 0% |
| Senegal | N/A | N/A | 17.7 | N/A | 0% |
| France | 31.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 6.4 | 0% |
| Total | 68.6 | 83.9 | 31.0 | 143 | 27.7% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from Bahrain in 2022:
- Indonesia (113.8 tons)
- United Arab Emirates (3.0 tons)
- Saudi Arabia (1.4 tons)
- Kuwait (0.4 tons)
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