Price for Tube or Pipe Flanges, Other than Stainless Steel in Bahrain - 2022
Contents:
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Bahrain (CIF) - 2022
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Bahrain (FOB) - 2022
- Imports of Tube or Pipe Flanges, Other than Stainless Steel in Bahrain
- Exports of Tube or Pipe Flanges, Other than Stainless Steel in Bahrain
Price for Tube or Pipe Flanges, Other than Stainless Steel in Bahrain (CIF) - 2022
In 2022, the average import price for tube or pipe flanges, other than stainless steels amounted to $4,357 per ton, with a decrease of -6.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2020 an increase of 28%. The import price peaked at $4,671 per ton in 2021, and then shrank in the following year.
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 Germany ($7,221 per ton), while the price for Malaysia ($533 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 (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tube or Pipe Flanges, Other than Stainless Steel in Bahrain (FOB) - 2022
In 2022, the average export price for tube or pipe flanges, other than stainless steels amounted to $8,415 per ton, with an increase of 7.1% against the previous year. In general, the export price saw strong growth. The most prominent rate of growth was recorded in 2019 an increase of 48% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($11,809 per ton), while the average price for exports to the United Arab Emirates ($2,938 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 (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tube or Pipe Flanges, Other than Stainless Steel in Bahrain
In 2022, overseas purchases of tube or pipe flanges, other than stainless steels decreased by -25.3% to 1.9K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +10.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 42%.
In value terms, imports of tube or pipe flanges, other than stainless steels reduced dramatically to $8.4M in 2022. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 82% against the previous year.
| Import of Tube or Pipe Flanges, Other than Stainless Steel in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2.5 | 6.9 | 9.3 | 3.8 | 15.0% |
| China | 0.4 | 0.3 | 0.7 | 1.5 | 55.4% |
| South Korea | 0.3 | 0.4 | 0.6 | 1.1 | 54.2% |
| India | N/A | N/A | 0.4 | 0.8 | 100.0% |
| Spain | 0.5 | 0.4 | 0.4 | 0.3 | -15.7% |
| United Arab Emirates | 0.2 | N/A | 0.1 | 0.2 | 0.0% |
| Malaysia | N/A | N/A | N/A | N/A | 0% |
| Saudi Arabia | N/A | N/A | 0.1 | N/A | 0% |
| Others | 0.7 | 0.3 | 0.5 | 0.6 | -5.0% |
| Total | 4.6 | 8.3 | 12.0 | 8.4 | 22.2% |
Top Suppliers of Tube or Pipe Flanges, Other than Stainless Steel to Bahrain in 2022:
- Italy (578.3 tons)
- China (557.8 tons)
- India (261.9 tons)
- South Korea (191.4 tons)
- United Arab Emirates (97.9 tons)
- Spain (79.5 tons)
- Malaysia (42.6 tons)
- Saudi Arabia (34.7 tons)
Exports of Tube or Pipe Flanges, Other than Stainless Steel in Bahrain
In 2022, the amount of tube or pipe flanges, other than stainless steels exported from Bahrain shrank notably to 41 tons, with a decrease of -27.4% compared with 2021. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 837% against the previous year. As a result, the exports reached the peak of 57 tons, and then shrank rapidly in the following year.
In value terms, exports of tube or pipe flanges, other than stainless steels declined notably to $348K in 2022. In general, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 1,021% against the previous year. As a result, the exports attained the peak of $448K, and then dropped dramatically in the following year.
| Export of Tube or Pipe Flanges, Other than Stainless Steel in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 33.3 | 0.2 | 403 | 181 | 75.8% |
| India | N/A | N/A | N/A | 113 | 0% |
| Italy | N/A | 2.0 | 0.8 | 11.8 | 142.9% |
| United Arab Emirates | 5.3 | 6.9 | 11.2 | 7.6 | 12.8% |
| Mozambique | N/A | 23.9 | N/A | N/A | 0% |
| United States | 40.7 | 6.7 | N/A | N/A | -83.5% |
| Oman | N/A | N/A | 25.4 | N/A | 0% |
| Others | 0.6 | 0.1 | 7.8 | 35.0 | 287.8% |
| Total | 79.9 | 40.0 | 448 | 348 | 63.3% |
Top Export Markets for Tube or Pipe Flanges, Other than Stainless Steel from Bahrain in 2022:
- Saudi Arabia (22.7 tons)
- India (9.6 tons)
- Italy (3.0 tons)
- United Arab Emirates (2.6 tons)
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