Price for Safety Pins and Other Pins; of Iron or Steel in Bahrain - 2022

Contents:

1. Price for Safety Pins and Other Pins; of Iron or Steel in Bahrain (CIF) - 2022
2. Price for Safety Pins and Other Pins; of Iron or Steel in Bahrain (FOB) - 2022
3. Imports of Safety Pins and Other Pins; of Iron or Steel in Bahrain
4. Exports of Safety Pins and Other Pins; of Iron or Steel in Bahrain

Price for Safety Pins and Other Pins; of Iron or Steel in Bahrain (CIF) - 2022

The average import price for safety pins and other pins; of iron or steels stood at $3,039 per ton in 2022, declining by -7.7% against the previous year. In general, the import price continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2017 an increase of 56% against the previous year. The import price peaked at $7,564 per ton in 2018; however, from 2019 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 United Arab Emirates ($3,415 per ton), while the price for China ($1,773 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-0.3%), while the prices for the other major suppliers experienced a decline.

Price for Safety Pins and Other Pins; of Iron or Steel in Bahrain (FOB) - 2022

In 2022, the average export price for safety pins and other pins; of iron or steels amounted to $5,950 per ton, rising by 25% against the previous year. In general, the export price enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2016 an increase of 118%. The export price peaked at $13,957 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($17,667 per ton), while the average price for exports to the UK ($69 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 Oman (+14.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Safety Pins and Other Pins; of Iron or Steel in Bahrain

After three years of growth, purchases abroad of safety pins and other pins; of iron or steels decreased by -29.5% to 13 tons in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 64%.

In value terms, imports of safety pins and other pins; of iron or steels contracted sharply to $41K in 2022. Over the period under review, imports continue to indicate a slight shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 98%. As a result, imports reached the peak of $85K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to Bahrain in 2022:

1. China (4.6 tons)
2. United Arab Emirates (4.5 tons)
3. India (2.2 tons)
4. Saudi Arabia (1.8 tons)

Exports of Safety Pins and Other Pins; of Iron or Steel in Bahrain

In 2022, after three years of growth, there was significant decline in overseas shipments of safety pins and other pins; of iron or steels, when their volume decreased by -78.5% to 120 kg. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,600% against the previous year.

In value terms, exports of safety pins and other pins; of iron or steels fell remarkably to $714 in 2022. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 1,333% against the previous year. As a result, the exports reached the peak of $4.6K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Safety Pins and Other Pins; of Iron or Steel from Bahrain in 2022:

1. Oman (29.0 kg)
2. United Kingdom (29.0 kg)
3. Saudi Arabia (27.0 kg)
4. United Arab Emirates (27.0 kg)
5. Qatar (7.0 kg)

Source: IndexBox Market Intelligence Platform