Bahrain: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in Bahrain

In 2023, the Bahraini machine-tool for drilling market was finally on the rise to reach $X after four years of decline. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Machine-Tool For Drilling Production in Bahrain

In value terms, machine-tool for drilling production skyrocketed to $X in 2023 estimated in export price. Overall, production, however, faced a sharp setback. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2023, production growth remained at a lower figure.

Machine-Tool For Drilling Exports

Exports from Bahrain

After two years of growth, overseas shipments of machine-tools for drilling, boring or milling metal decreased by X% to X units in 2023. In general, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2022 when exports increased by X%. The exports peaked at X units in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, machine-tool for drilling exports reduced sharply to $X in 2023. Over the period under review, exports faced a deep contraction. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for machine-tool for drilling exports from Bahrain, accounting for a X% share of total exports. Moreover, machine-tool for drilling exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X units), threefold. Oman (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Oman (X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for machine-tools for drilling, boring or milling metal exports from Bahrain, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Qatar, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Saudi Arabia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Qatar (X% per year).

Export Prices by Country

The average machine-tool for drilling export price stood at $X per unit in 2023, dropping by X% against the previous year. Over the period under review, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

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 mixed trend patterns.

Machine-Tool For Drilling Imports

Imports into Bahrain

In 2023, supplies from abroad of machine-tools for drilling, boring or milling metal increased by X% to X units for the first time since 2018, thus ending a four-year declining trend. Overall, imports enjoyed a moderate increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at X units in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, machine-tool for drilling imports shrank remarkably to $X in 2023. In general, imports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of $X. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Spain (X units) constituted the largest machine-tool for drilling supplier to Bahrain, accounting for a X% share of total imports. Moreover, machine-tool for drilling imports from Spain exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The United Arab Emirates (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United Arab Emirates (X% per year).

In value terms, the largest machine-tool for drilling suppliers to Bahrain were Italy ($X), India ($X) and Spain ($X), together accounting for X% of total imports.

Italy, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average machine-tool for drilling import price amounted to $X per unit, declining by X% against the previous year. In general, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2023, 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 Italy ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform