Price for Wire of Other Alloy Steel in Bahrain - 2022
Contents:
- Price for Wire of Other Alloy Steel in Bahrain (CIF) - 2022
- Price for Wire of Other Alloy Steel in Bahrain (FOB) - 2022
- Imports of Wire of Other Alloy Steel in Bahrain
- Exports of Wire of Other Alloy Steel in Bahrain
Price for Wire of Other Alloy Steel in Bahrain (CIF) - 2022
The average import price for wire of other alloy steels stood at $3,116 per ton in 2022, dropping by -15.7% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wire of other alloy steel import price increased by +32.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 52% against the previous year. The import price peaked at $4,248 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($6,158 per ton), while the price for India ($1,527 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 (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in Bahrain (FOB) - 2022
In 2022, the average export price for wire of other alloy steels amounted to $2,053 per ton, leveling off at the previous year. In general, the export price enjoyed a buoyant increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 116% against the previous year. As a result, the export price attained the peak level of $2,585 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.
From 2013 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +5.9% per year.
Imports of Wire of Other Alloy Steel in Bahrain
Wire of other alloy steel imports into Bahrain fell dramatically to 104 tons in 2022, waning by -45.3% against the previous year's figure. Over the period under review, imports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2021 with an increase of 74% against the previous year. As a result, imports reached the peak of 189 tons, and then reduced notably in the following year.
In value terms, wire of other alloy steel imports contracted markedly to $323K in 2022. In general, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by 164%. As a result, imports attained the peak of $700K, and then declined sharply in the following year.
| Import of Wire of Other Alloy Steel in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 98.5 | 90.3 | 457 | 172 | 20.4% |
| Vietnam | 21.2 | 29.9 | 23.9 | 114 | 75.2% |
| India | 14.6 | 6.3 | 11.5 | 24.9 | 19.5% |
| China | 35.1 | 15.1 | 2.0 | 6.9 | -41.9% |
| Malaysia | 3.3 | 26.0 | 3.1 | 4.4 | 10.1% |
| Czech Republic | 43.7 | 1.8 | 18.0 | 0.3 | -81.0% |
| United Arab Emirates | 40.5 | 11.1 | 10.1 | N/A | -50.1% |
| Others | 15.5 | 84.7 | 175 | N/A | 236.0% |
| Total | 272 | 265 | 700 | 323 | 5.9% |
Top Suppliers of Wire of Other Alloy Steel to Bahrain in 2022:
- Vietnam (52.7 tons)
- Germany (27.9 tons)
- India (16.3 tons)
- China (4.3 tons)
- Malaysia (2.2 tons)
- Czech Republic (0.2 tons)
Exports of Wire of Other Alloy Steel in Bahrain
After two years of decline, overseas shipments of wire of other alloy steels decreased by 0% to 5.1 tons in 2022. Over the period under review, exports showed significant growth. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, wire of other alloy steel exports amounted to $11K in 2022. In general, exports recorded a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Wire of Other Alloy Steel in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 4.4 | N/A | N/A | 10.5 | 33.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.4 | N/A | N/A | 10.5 | 33.6% |
Top Export Markets for Wire of Other Alloy Steel from Bahrain in 2022:
- Saudi Arabia (5.1 tons)
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