Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Bahrain - 2022
Contents:
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Bahrain (CIF) - 2022
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Bahrain (FOB) - 2022
- Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Bahrain
- Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Bahrain
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Bahrain (CIF) - 2022
The average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $3,260 per ton in 2022, shrinking by -2.1% against the previous year. Overall, the import price, however, posted a moderate increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 450%. As a result, import price attained the peak level of $11,117 per ton. From 2014 to 2022, the average import prices remained at a 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 the UK ($10,582 per ton), while the price for India ($2,033 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Bahrain (FOB) - 2022
The average export price for steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $13,616 per ton in 2022, increasing by 17% against the previous year. Overall, the export price recorded significant growth. The most prominent rate of growth was recorded in 2013 an increase of 2,539%. As a result, the export price attained the peak level of $23,304 per ton. From 2014 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 Saudi Arabia amounted to +31.5% per year.
Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Bahrain
In 2022, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia into Bahrain surged to 69 tons, with an increase of 70% against the year before. Overall, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 296% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia soared to $225K in 2022. In general, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.4 | N/A | N/A | 107 | 544.3% |
| Free Zones | N/A | N/A | 87.8 | 66.4 | -24.4% |
| United Kingdom | 0.5 | 48.8 | 22.2 | 17.5 | 227.1% |
| India | 10.3 | 18.3 | 1.9 | 15.2 | 13.9% |
| China | 10.9 | 0.7 | 11.1 | 14.9 | 11.0% |
| Italy | 23.6 | 0.3 | N/A | N/A | -98.7% |
| Saudi Arabia | 13.5 | N/A | N/A | N/A | 0% |
| Others | 52.7 | 23.3 | 11.6 | 3.7 | -58.7% |
| Total | 112 | 91.4 | 135 | 225 | 26.2% |
Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to Bahrain in 2022:
- Free Zones (31.4 tons)
- United Arab Emirates (26.5 tons)
- India (7.5 tons)
- China (1.8 tons)
- United Kingdom (1.7 tons)
Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Bahrain
In 2022, shipments abroad of steel, stainless; semi-finished products, other than of rectangular cross-sectia decreased by -23.2% to 2.7 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 1,459% against the previous year.
In value terms, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia declined to $37K in 2022. Overall, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 2,578% against the previous year.
| Export of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 0.1 | 2.3 | 41.2 | 37.0 | 617.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.1 | 2.3 | 41.2 | 37.0 | 617.9% |
Top Export Markets for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section from Bahrain in 2022:
- Saudi Arabia (2.7 tons)
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