Motorcycle Tire Price in Bahrain - 2022
Contents:
- Motorcycle Tire Price in Bahrain (CIF) - 2022
- Motorcycle Tire Price in Bahrain (FOB) - 2022
- Motorcycle Tire Imports in Bahrain
- Motorcycle Tire Exports in Bahrain
Motorcycle Tire Price in Bahrain (CIF) - 2022
The average motorcycle tire import price stood at $19 per unit in 2022, dropping by -24.9% against the previous year. Over the period under review, the import price recorded a deep setback. The growth pace was the most rapid in 2017 an increase of 101%. As a result, import price reached the peak level of $53 per unit. From 2018 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($89 per unit), while the price for Thailand ($8.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle Tire Price in Bahrain (FOB) - 2022
The average motorcycle tire export price stood at $32 per unit in 2022, picking up by 209% against the previous year. Overall, the export price showed a temperate increase. The export price peaked at $45 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Kuwait.
From 2012 to 2022, the rate of growth in terms of prices for Kuwait amounted to +4.2% per year.
Motorcycle Tire Imports in Bahrain
In 2022, imports of new pneumatic tyres for motorcycles into Bahrain surged to 9.1K units, increasing by 87% against the previous year's figure. In general, imports continue to indicate a significant increase. Imports peaked at 9.4K units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.
In value terms, motorcycle tire imports surged to $172K in 2022. The total import value increased at an average annual rate of +6.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Motorcycle Tire in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 8.8 | 28.2 | 16.5 | 88.5 | 115.9% |
| Germany | 20.4 | 11.9 | 6.6 | 24.0 | 5.6% |
| Thailand | 1.3 | 3.7 | 3.4 | 17.1 | 136.1% |
| Taiwan (Chinese) | 13.2 | 16.0 | 12.5 | 13.7 | 1.2% |
| Spain | 0.3 | 0.4 | 2.9 | 13.1 | 252.1% |
| China | 5.0 | 12.5 | 5.9 | 10.1 | 26.4% |
| Indonesia | 0.8 | 0.8 | 0.7 | 1.7 | 28.6% |
| Kuwait | 2.4 | 4.7 | 2.1 | N/A | -6.5% |
| Belgium | 46.2 | 55.0 | 55.4 | N/A | 9.5% |
| United Arab Emirates | 10.4 | 10.0 | 1.5 | N/A | -62.0% |
| Others | 34.1 | 27.2 | 15.2 | 4.1 | -50.6% |
| Total | 143 | 170 | 123 | 172 | 6.3% |
Top Suppliers of Motorcycle Tire to Bahrain in 2022:
- India (5.4K units)
- Thailand (2.0K units)
- China (0.8K units)
- Taiwan (Chinese) (0.3K units)
- Germany (0.3K units)
- Indonesia (0.2K units)
- Spain (0.2K units)
Motorcycle Tire Exports in Bahrain
In 2022, motorcycle tire exports from Bahrain shrank dramatically to 14 units, which is down by -67.4% compared with the previous year. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 975% against the previous year. As a result, the exports attained the peak of 43 units, and then shrank markedly in the following year.
In value terms, motorcycle tire exports totaled $443 in 2022. In general, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 364% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Motorcycle Tire in Bahrain (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | 75.0 | 68.0 | 264 | 443 | 80.8% |
| Malta | 4.0 | N/A | N/A | N/A | 0% |
| Netherlands | 10.0 | 13.0 | N/A | N/A | 30.0% |
| Pakistan | N/A | N/A | 177 | N/A | 0% |
| Others | 4.0 | 14.0 | N/A | N/A | 250.0% |
| Total | 93.0 | 95.0 | 441 | 443 | 68.3% |
Top Export Markets for Motorcycle Tire from Bahrain in 2022:
- Kuwait (14.0 units)
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