Aluminium Wire Price in Bahrain - 2022
Contents:
- Aluminium Wire Price in Bahrain (FOB) - 2022
- Aluminium Wire Price in Bahrain (CIF) - 2022
- Aluminium Wire Exports in Bahrain
- Aluminium Wire Imports in Bahrain
Aluminium Wire Price in Bahrain (FOB) - 2022
The average aluminium wire export price stood at $2,887 per ton in December 2022, which is down by -2% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in February 2022 an increase of 14% against the previous month. The export price peaked at $3,884 per ton in April 2022; however, from May 2022 to December 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In December 2022, the highest price was recorded for prices to Colombia ($3,105 per ton) and Tunisia ($3,078 per ton), while the average price for exports to Saudi Arabia ($2,743 per ton) and the United States ($2,826 per ton) were amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (-0.3%), while the prices for the other major destinations experienced a decline.
Aluminium Wire Price in Bahrain (CIF) - 2022
The average aluminium wire import price stood at $5,065 per ton in December 2022, shrinking by -7.7% against the previous month. In general, the import price, however, saw a modest increase. The pace of growth was the most pronounced in July 2022 when the average import price increased by 156% m-o-m. As a result, import price attained the peak level of $9,853 per ton. From August 2022 to December 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Spain ($5,306 per ton), while the price for China ($4,351 per ton) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by India (+20.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Aluminium Wire Exports in Bahrain
In 2022, aluminium wire exports from Bahrain expanded remarkably to 221K tons, growing by 12% on the previous year's figure. The total export volume increased at an average annual rate of +14.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 45%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, aluminium wire exports soared to $722M in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 42% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Aluminium Wire in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 14.0 | 77.9 | 97.4 | 221 | 150.9% |
| Egypt | 51.4 | 47.6 | 73.9 | 103 | 26.1% |
| Morocco | 26.8 | 53.5 | 69.9 | 76.2 | 41.7% |
| Algeria | 18.1 | 44.4 | 25.7 | 53.6 | 43.6% |
| Colombia | 6.3 | 15.8 | 21.7 | 40.0 | 85.2% |
| United States | 162 | 117 | 177 | 33.1 | -41.1% |
| Netherlands | N/A | N/A | N/A | 32.8 | 0% |
| Ecuador | 3.2 | 11.1 | 15.0 | 27.9 | 105.8% |
| Tunisia | 2.7 | 8.4 | 15.2 | 19.1 | 92.0% |
| Jordan | 1.5 | 3.6 | 2.3 | 17.5 | 126.8% |
| Tanzania | 0.3 | 2.4 | 3.4 | 11.6 | 238.2% |
| Brazil | 21.6 | 55.0 | 24.7 | 6.9 | -31.6% |
| Others | 21.6 | 30.2 | 53.8 | 79.5 | 54.4% |
| Total | 329 | 467 | 580 | 722 | 30.0% |
Top Export Markets for Aluminium Wire from Bahrain in 2022:
- Saudi Arabia (71.3K tons)
- Egypt (32.0K tons)
- Morocco (23.9K tons)
- Algeria (15.9K tons)
- Colombia (11.4K tons)
- United States (9.4K tons)
- Netherlands (8.6K tons)
- Ecuador (8.4K tons)
- Tunisia (6.1K tons)
- Jordan (5.9K tons)
- Tanzania (3.7K tons)
- Brazil (1.9K tons)
Aluminium Wire Imports in Bahrain
In 2022, supplies from abroad of aluminium wires decreased by -0.7% to 1.5K tons, falling for the second consecutive year after two years of growth. In general, imports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 25%. As a result, imports attained the peak of 2.2K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, aluminium wire imports skyrocketed to $6.5M in 2022. The total import value increased at an average annual rate of +2.4% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Aluminium Wire in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.1 | 1.7 | 1.6 | 2.3 | 184.4% |
| Mozambique | N/A | N/A | N/A | 1.8 | 0% |
| Netherlands | 2.8 | 0.8 | 1.2 | 1.1 | -26.8% |
| Saudi Arabia | 0.4 | 0.7 | 1.2 | 0.7 | 20.5% |
| Spain | 1.3 | 2.6 | 1.0 | 0.4 | -32.5% |
| India | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| United Kingdom | 1.2 | 0.4 | N/A | N/A | -66.7% |
| Others | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 6.1 | 6.4 | 5.4 | 6.5 | 2.1% |
Top Suppliers of Aluminium Wire to Bahrain in 2022:
- China (478.0 tons)
- Mozambique (472.3 tons)
- Saudi Arabia (259.9 tons)
- Netherlands (192.2 tons)
- Spain (61.9 tons)
- India (61.1 tons)
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This report provides an in-depth analysis of the aluminium alloy wire market in Bahrain.
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