Price for Wood; Shingles and Shakes in Bahrain - 2022

Contents:

1. Price for Wood; Shingles and Shakes in Bahrain (CIF) - 2022
2. Price for Wood; Shingles and Shakes in Bahrain (FOB) - 2022
3. Imports of Wood; Shingles and Shakes in Bahrain
4. Exports of Wood; Shingles and Shakes in Bahrain

Price for Wood; Shingles and Shakes in Bahrain (CIF) - 2022

The average wood; shingles and shakes import price stood at $499 per ton in 2022, increasing by 6.9% against the previous year. Over the period under review, the import price, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2016 an increase of 35% against the previous year. Over the period under review, average import prices hit record highs at $1,657 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Italy ($2,371 per ton), while the price for Saudi Arabia ($272 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced a decline.

Price for Wood; Shingles and Shakes in Bahrain (FOB) - 2022

In 2022, the average wood; shingles and shakes export price amounted to $1,264 per ton, shrinking by -2.2% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices hit record highs at $2,681 per ton in 2015; however, from 2016 to 2022, the 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 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +0.6% per year.

Imports of Wood; Shingles and Shakes in Bahrain

In 2022, purchases abroad of wood; shingles and shakeses decreased by -36.6% to 18 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 272% against the previous year. As a result, imports attained the peak of 28 tons, and then shrank significantly in the following year.

In value terms, wood; shingles and shakes imports dropped sharply to $8.8K in 2022. In general, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 181%. As a result, imports reached the peak of $13K, and then contracted markedly in the following year.

Top Suppliers of Wood; Shingles and Shakes to Bahrain in 2022:

1. Saudi Arabia (14.7 tons)
2. China (1.6 tons)
3. Italy (1.4 tons)

Exports of Wood; Shingles and Shakes in Bahrain

In 2022, after three years of growth, there was decline in shipments abroad of wood; shingles and shakeses, when their volume decreased by -1.3% to 220 kg. The total export volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 2.8% against the previous year.

In value terms, wood; shingles and shakes exports shrank to $278 in 2022. The total export value increased at an average annual rate of +3.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 7.9% against the previous year. As a result, the exports attained the peak of $288, and then contracted modestly in the following year.

Top Export Markets for Wood; Shingles and Shakes from Bahrain in 2022:

1. Saudi Arabia (220.0 kg)

Source: IndexBox Market Intelligence Platform