Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Bahrain - 2023

Contents:

1. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Bahrain (CIF) - 2022
2. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Bahrain (FOB) - 2022
3. Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Bahrain
4. Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Bahrain

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Bahrain (CIF) - 2022

The average import price for sanitary ware and parts thereof, of iron or steel stood at $5.7 per unit in 2022, with a decrease of -4.9% against the previous year. Overall, the import price, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2014 an increase of 98%. Over the period under review, average import prices attained the maximum at $7 per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Spain ($19 per unit), while the price for China ($3.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Bahrain (FOB) - 2022

The average export price for sanitary ware and parts thereof, of iron or steel stood at $7 per unit in 2022, declining by -27.1% against the previous year. In general, the export price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2020 an increase of 56%. The export price peaked at $9.5 per unit in 2021, and then declined sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($13 per unit), while the average price for exports to Qatar ($4.3 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 the United Arab Emirates (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Bahrain

For the fourth consecutive year, Bahrain recorded growth in overseas purchases of sanitary ware and parts thereof, of iron or steel, which increased by 0.6% to 762K units in 2022. The total import volume increased at an average annual rate of +10.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 20%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of sanitary ware and parts thereof, of iron or steel contracted slightly to $4.3M in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 7.8%. As a result, imports reached the peak of $4.5M, and then fell in the following year.

Top Suppliers of Sanitary Ware and Parts Thereof, of Iron or Steel to Bahrain in 2022:

1. China (548.9K units)
2. Italy (36.8K units)
3. Germany (34.5K units)
4. Spain (29.6K units)
5. Turkey (28.6K units)
6. United Arab Emirates (17.6K units)
7. United Kingdom (11.6K units)
8. India (11.5K units)

Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Bahrain

In 2022, the amount of sanitary ware and parts thereof, of iron or steel exported from Bahrain fell remarkably to 2.5K units, dropping by -76.5% against the previous year. In general, exports recorded a sharp setback. The smallest decline of -31.7% was in 2020. The exports peaked at 41K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of sanitary ware and parts thereof, of iron or steel contracted rapidly to $17K in 2022. Over the period under review, exports showed a sharp reduction. The pace of growth was the most pronounced in 2020 when exports increased by 6.7%. As a result, the exports reached the peak of $194K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Sanitary Ware and Parts Thereof, of Iron or Steel from Bahrain in 2022:

1. Qatar (1319.0 units)
2. Saudi Arabia (794.0 units)
3. United Arab Emirates (246.0 units)
4. Oman (82.0 units)

Source: IndexBox Market Intelligence Platform