Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Bahrain - 2022

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Bahrain (CIF) - 2022
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Bahrain (FOB) - 2022
3. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Bahrain
4. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Bahrain

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Bahrain (CIF) - 2022

The average import price for millstones, grindstones, grinding wheels and the like; of natural stones stood at $0.3 per unit in 2022, growing by 112% against the previous year. In general, the import price recorded a remarkable increase. The pace of growth appeared the most rapid in 2017 when the average import price increased by 334%. Over the period under review, average import prices attained the maximum 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 South Korea ($1.1 per unit), while the price for Thailand (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 attained by South Korea (+89.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Bahrain (FOB) - 2022

In 2022, the average export price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to less than $0.1 per unit, declining by -90.9% against the previous year. Overall, the export price recorded a sharp contraction. The growth pace was the most rapid in 2019 when the average export price increased by 397% against the previous year. The export price peaked at $0.2 per unit in 2021, and then declined notably in the following year.

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

From 2016 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to -27.8% per year.

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Bahrain

In 2022, approx. 70K units of millstones, grindstones, grinding wheels and the like; of natural stones were imported into Bahrain; declining by -91.1% compared with the previous year. In general, imports saw a sharp decline. The pace of growth was the most pronounced in 2021 with an increase of 317%. As a result, imports reached the peak of 789K units, and then declined notably in the following year.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones reduced rapidly to $19K in 2022. Over the period under review, imports showed a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 233%. As a result, imports reached the peak of $101K, and then contracted significantly in the following year.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Bahrain in 2022:

1. China (56.6K units)
2. India (5.8K units)
3. Thailand (2.3K units)
4. Turkey (1.8K units)
5. Germany (1.1K units)

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Bahrain

In 2022, approx. 885K units of millstones, grindstones, grinding wheels and the like; of natural stones were exported from Bahrain; with an increase of 7,818% against 2021. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones soared to $14K in 2022. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 951%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from Bahrain in 2022:

1. Saudi Arabia (883.7K units)

Source: IndexBox Market Intelligence Platform