Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Bahrain - 2022

Contents:

1. Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Bahrain (CIF) - 2022
2. Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Bahrain (FOB) - 2022
3. Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Bahrain
4. Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Bahrain

Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Bahrain (CIF) - 2022

The average import price for iron or non-alloy steel wire, plated or coated with zincs stood at $973 per ton in 2022, remaining stable against the previous year. Over the period under review, the import price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 19%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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 Turkey ($1,441 per ton), while the price for China ($900 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Bahrain (FOB) - 2022

The average export price for iron or non-alloy steel wire, plated or coated with zincs stood at $801 per ton in 2022, stabilizing at the previous year. Over the period under review, the export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 an increase of 202%. As a result, the export price reached the peak level of $2,364 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +3.1% per year.

Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Bahrain

In 2022, supplies from abroad of iron or non-alloy steel wire, plated or coated with zincs decreased by 0% to 2.7K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports showed a perceptible setback. The smallest decline of 99.9% was in 2020.

In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs stood at $2.7M in 2022. In general, imports continue to indicate prominent growth. The smallest decline of 99.9% was in 2020. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Bahrain in 2022:

1. China (1864.7 tons)
2. Oman (349.5 tons)
3. India (187.1 tons)
4. Saudi Arabia (180.7 tons)
5. United Arab Emirates (126.2 tons)
6. Turkey (22.3 tons)

Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Bahrain

In 2022, shipments abroad of iron or non-alloy steel wire, plated or coated with zincs decreased by 0% to 45 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports faced a dramatic slump. The smallest decline of 99.9% was in 2020.

In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs amounted to $36K in 2022. Over the period under review, exports continue to indicate a dramatic slump. The smallest decline of 99.9% was in 2020.

Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Bahrain in 2022:

1. Saudi Arabia (45.0 tons)

Source: IndexBox Market Intelligence Platform