Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Bahrain - 2022

Contents:

1. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Bahrain (CIF) - 2022
2. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Bahrain (FOB) - 2022
3. Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Bahrain
4. Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Bahrain

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Bahrain (CIF) - 2022

In 2022, the average import price for tubing; flexible, with or without fittings, of base metals amounted to $5,781 per ton, falling by -16.3% against the previous year. Overall, the import price showed a perceptible contraction. The pace of growth was the most pronounced in 2015 an increase of 70%. As a result, import price reached the peak level of $19,195 per ton. From 2016 to 2022, the average 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 States ($43,154 per ton), while the price for Ukraine ($625 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+27.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Bahrain (FOB) - 2022

In 2022, the average export price for tubing; flexible, with or without fittings, of base metals amounted to $8,698 per ton, jumping by 78% against the previous year. Over the period under review, the export price, however, showed a pronounced decline. The export price peaked at $21,268 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($15,858 per ton), while the average price for exports to the United Arab Emirates ($1,897 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 Saudi Arabia (-5.3%), while the prices for the other major destinations experienced a decline.

Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Bahrain

After three years of growth, purchases abroad of tubing; flexible, with or without fittings, of base metals decreased by -15.5% to 167 tons in 2022. Overall, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 when imports increased by 73%. As a result, imports attained the peak of 197 tons, and then dropped markedly in the following year.

In value terms, imports of tubing; flexible, with or without fittings, of base metals contracted notably to $964K in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. As a result, imports attained the peak of $1.4M, and then dropped sharply in the following year.

Top Suppliers of Tubing; Flexible, with or Without Fittings, of Base Metal to Bahrain in 2022:

1. Ukraine (51.5 tons)
2. China (40.6 tons)
3. United Arab Emirates (29.8 tons)
4. India (28.8 tons)
5. United Kingdom (4.2 tons)
6. United States (2.2 tons)
7. Free Zones (0.8 tons)

Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Bahrain

In 2022, overseas shipments of tubing; flexible, with or without fittings, of base metals decreased by -9.9% to 22 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 62%.

In value terms, exports of tubing; flexible, with or without fittings, of base metals soared to $189K in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +16.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Tubing; Flexible, with or Without Fittings, of Base Metal from Bahrain in 2022:

1. United Arab Emirates (17.6 tons)
2. Qatar (1.7 tons)
3. Saudi Arabia (0.5 tons)

Source: IndexBox Market Intelligence Platform