Price for Tube or Pipe Flanges of Stainless Steel in Bahrain - 2022
Contents:
- Price for Tube or Pipe Flanges of Stainless Steel in Bahrain (CIF) - 2022
- Price for Tube or Pipe Flanges of Stainless Steel in Bahrain (FOB) - 2022
- Imports of Tube or Pipe Flanges of Stainless Steel in Bahrain
- Exports of Tube or Pipe Flanges of Stainless Steel in Bahrain
Price for Tube or Pipe Flanges of Stainless Steel in Bahrain (CIF) - 2022
In 2022, the average import price for tube or pipe flanges of stainless steels amounted to $3,945 per ton, shrinking by -37% against the previous year. Over the period under review, the import price showed a deep slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 43%. Over the period under review, average import prices reached the peak figure at $7,070 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($16,794 per ton), while the price for India ($2,140 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tube or Pipe Flanges of Stainless Steel in Bahrain (FOB) - 2022
The average export price for tube or pipe flanges of stainless steels stood at $11,803 per ton in 2022, with an increase of 72% against the previous year. Overall, the export price recorded strong growth. The most prominent rate of growth was recorded in 2021 an increase of 108%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($28,323 per ton), while the average price for exports to the United Arab Emirates ($5,394 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 (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tube or Pipe Flanges of Stainless Steel in Bahrain
In 2022, imports of tube or pipe flanges of stainless steels into Bahrain skyrocketed to 483 tons, increasing by 44% against 2021 figures. Overall, imports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 66%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of tube or pipe flanges of stainless steels reduced to $1.9M in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 69%. As a result, imports attained the peak of $2.1M, and then dropped in the following year.
| Import of Tube or Pipe Flanges of Stainless Steel in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 139 | 15.8 | 253 | 626 | 65.1% |
| United Arab Emirates | 327 | 412 | 595 | 446 | 10.9% |
| Italy | 71.3 | 139 | 417 | 365 | 72.3% |
| India | 80.6 | 167 | 208 | 120 | 14.2% |
| South Korea | 3.2 | 125 | 247 | 117 | 231.9% |
| Saudi Arabia | 42.6 | 105 | 185 | N/A | 108.4% |
| Others | 218 | 279 | 191 | 233 | 2.2% |
| Total | 882 | 1,242 | 2,096 | 1,905 | 29.3% |
Top Suppliers of Tube or Pipe Flanges of Stainless Steel to Bahrain in 2022:
- China (282.6 tons)
- United Arab Emirates (94.4 tons)
- India (56.1 tons)
- Italy (21.7 tons)
- South Korea (11.8 tons)
Exports of Tube or Pipe Flanges of Stainless Steel in Bahrain
In 2022, the amount of tube or pipe flanges of stainless steels exported from Bahrain dropped sharply to 10 tons, which is down by -49.5% on 2021. Overall, exports faced a dramatic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 20% against the previous year.
In value terms, exports of tube or pipe flanges of stainless steels dropped to $119K in 2022. In general, exports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 150% against the previous year.
| Export of Tube or Pipe Flanges of Stainless Steel in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 1,023 | 20.1 | 110 | 54.0 | -62.5% |
| Kuwait | N/A | N/A | N/A | 26.3 | 0% |
| United Arab Emirates | 9.2 | 32.7 | 3.5 | 23.2 | 36.1% |
| Others | 11.4 | 2.0 | 23.8 | 15.7 | 11.3% |
| Total | 1,044 | 54.8 | 137 | 119 | -51.5% |
Top Export Markets for Tube or Pipe Flanges of Stainless Steel from Bahrain in 2022:
- Saudi Arabia (4.7 tons)
- United Arab Emirates (4.3 tons)
- Kuwait (0.9 tons)
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