Plugs and Socket Price in Bahrain - 2022
Contents:
- Plugs and Socket Price in Bahrain (CIF) - 2022
- Plugs and Socket Price in Bahrain (FOB) - 2022
- Plugs and Socket Imports in Bahrain
- Plugs and Socket Exports in Bahrain
Plugs and Socket Price in Bahrain (CIF) - 2022
The average plugs and socket import price stood at $0.2 per unit in 2022, declining by -11.1% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plugs and socket import price increased by +28.3% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 57%. The import price peaked at $0.2 per unit in 2021, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($0.8 per unit), while the price for Malaysia ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Price in Bahrain (FOB) - 2022
The average plugs and socket export price stood at $0.2 per unit in 2022, picking up by 31% against the previous year. Overall, the export price continues to indicate a notable increase. The most prominent rate of growth was recorded in 2013 an increase of 125%. The export price peaked at $0.5 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($1 per unit), while the average price for exports to Ghana (less than $0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+72.2%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Bahrain
In 2022, supplies from abroad of electrical plugs and sockets for under 1000 v was finally on the rise to reach 31M units after two years of decline. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at 31M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, plugs and socket imports reached $5M in 2022. The total import value increased at an average annual rate of +8.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
Import of Plugs and Socket in Bahrain (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,612 | 2,120 | 2,253 | 2,997 | 23.0% |
Vietnam | 283 | 370 | 655 | 501 | 21.0% |
United States | 262 | 184 | 187 | 320 | 6.9% |
United Kingdom | 384 | 174 | 175 | 295 | -8.4% |
Germany | 366 | 230 | 242 | 232 | -14.1% |
Italy | 287 | 154 | 683 | 116 | -26.1% |
Malaysia | 70.1 | 41.6 | 20.3 | 19.4 | -34.8% |
Others | 634 | 671 | 595 | 474 | -9.2% |
Total | 3,898 | 3,943 | 4,812 | 4,955 | 8.3% |
Top Suppliers of Plugs and Socket to Bahrain in 2022:
- China (24.7M units)
- Vietnam (1.8M units)
- United Kingdom (0.7M units)
- Germany (0.5M units)
- United States (0.4M units)
- Malaysia (0.3M units)
- Italy (0.2M units)
Plugs and Socket Exports in Bahrain
After three years of growth, shipments abroad of electrical plugs and sockets for under 1000 v decreased by -72.1% to 290K units in 2022. Over the period under review, exports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2020 with an increase of 36%. The exports peaked at 1M units in 2021, and then declined significantly in the following year.
In value terms, plugs and socket exports dropped dramatically to $66K in 2022. Overall, exports recorded a dramatic shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 29% against the previous year. As a result, the exports attained the peak of $312K. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Plugs and Socket in Bahrain (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Hong Kong SAR | N/A | N/A | 51.0 | 34.5 | -32.4% |
Oman | 0.1 | N/A | 13.7 | 23.2 | 514.5% |
Kuwait | 227 | 252 | 29.7 | 6.2 | -69.9% |
Ghana | N/A | N/A | N/A | 0.4 | 0% |
India | 0.6 | 34.8 | 0.3 | N/A | -29.3% |
Tanzania | 5.7 | N/A | N/A | N/A | 0% |
Singapore | N/A | N/A | 17.5 | N/A | 0% |
Saudi Arabia | N/A | 15.3 | 63.9 | N/A | 317.6% |
Others | 8.6 | 10.1 | 5.0 | 1.9 | -39.5% |
Total | 242 | 312 | 181 | 66.1 | -35.1% |
Top Export Markets for Plugs and Socket from Bahrain in 2022:
- Oman (223.2K units)
- Hong Kong SAR (44.8K units)
- Ghana (10.6K units)
- Kuwait (6.3K units)
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