Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Bahrain - 2022

Contents:

  1. Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Bahrain (CIF) - 2022
  2. Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Bahrain (FOB) - 2022
  3. Imports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Bahrain
  4. Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Bahrain

Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Bahrain (CIF) - 2022

In 2022, the average import price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $3,035 per ton, falling by -3.7% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 52%. Over the period under review, average import prices attained the peak figure at $5,119 per ton in 2014; however, from 2015 to 2022, 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 the UK ($11,035 per ton), while the price for Taiwan (Chinese) ($1,784 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Bahrain (FOB) - 2022

The average export price for iron or steel cast fittings, other than of non-malleable cast ira stood at $8,948 per ton in 2022, picking up by 171% against the previous year. In general, the export price recorded a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($4,267 per ton), while the average price for exports to the United Arab Emirates ($1,841 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+15.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Bahrain

In 2022, supplies from abroad of iron or steel cast fittings, other than of non-malleable cast ira decreased by -3.3% to 616 tons, falling for the second consecutive year after two years of growth. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 5.3%. As a result, imports attained the peak of 645 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of iron or steel cast fittings, other than of non-malleable cast ira reduced to $1.9M in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 31%. As a result, imports reached the peak of $2.5M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Bahrain (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Saudi Arabia17815249868556.7%
China481312309335-11.4%
United States294102249179-15.2%
India91.086.310315719.9%
United Kingdom19675.524.0113-16.8%
Germany32513239176.8-38.2%
United Arab Emirates71.27.17.553.0-9.4%
Taiwan (Chinese)98.013.13.59.6-53.9%
South Korea2.61,5320.81.0-27.3%
Others18193.942226213.1%
Total1,9192,5062,0091,871-0.8%

Top Suppliers of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron to Bahrain in 2022:

  1. Saudi Arabia (363.9 tons)
  2. China (117.7 tons)
  3. India (32.8 tons)
  4. United States (29.1 tons)
  5. Germany (18.7 tons)
  6. United Arab Emirates (14.1 tons)
  7. United Kingdom (10.2 tons)
  8. Taiwan (Chinese) (5.4 tons)
  9. South Korea (0.2 tons)

Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Bahrain

In 2022, approx. 17 tons of iron or steel cast fittings, other than of non-malleable cast ira were exported from Bahrain; with a decrease of -28.7% on the previous year's figure. In general, exports recorded a precipitous slump. The smallest decline of -0.2% was in 2021.

In value terms, exports of iron or steel cast fittings, other than of non-malleable cast ira surged to $155K in 2022. Overall, exports continue to indicate a abrupt slump.

Export of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Bahrain (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Saudi Arabia23734.825.231.9-48.8%
CanadaN/AN/AN/A2.80%
United Arab Emirates13.050.634.11.4-52.4%
Others16.22.820.611893.8%
Total26688.280.0155-16.5%

Top Export Markets for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron from Bahrain in 2022:

  1. Saudi Arabia (7.6 tons)
  2. United Arab Emirates (0.8 tons)
  3. Canada (0.7 tons)

Source: IndexBox Market Intelligence Platform

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