Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Bahrain - 2022
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Bahrain (FOB) - 2022
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Bahrain (CIF) - 2022
- Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Bahrain
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Bahrain
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Bahrain (FOB) - 2022
The average export price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms stood at $3,453 per ton in 2022, with an increase of 7.3% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms increased by +60.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 49% against the previous year. The export price peaked 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 the UK ($4,755 per ton), while the average price for exports to Saudi Arabia ($3,134 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 Costa Rica (+27.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Bahrain (CIF) - 2022
In 2022, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms amounted to $4,258 per ton, surging by 22% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 28%. Over the period under review, average import prices attained the peak figure at $4,337 per ton in 2012; afterwards, it flattened through to 2022.
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 Spain ($6,428 per ton), while the price for Saudi Arabia ($2,666 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (+47.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Bahrain
In 2022, exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms from Bahrain soared to 31K tons, picking up by 24% against the previous year. Overall, exports, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2020 when exports increased by 25% against the previous year. As a result, the exports attained the peak of 43K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms skyrocketed to $108M in 2022. The total export value increased at an average annual rate of +10.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Algeria | 17.7 | 29.6 | 9.8 | 23.4 | 9.8% |
| Ecuador | 4.9 | 6.4 | 7.3 | 20.2 | 60.3% |
| Morocco | 21.2 | 20.8 | 24.1 | 14.6 | -11.7% |
| Saudi Arabia | 3.7 | 1.7 | 4.5 | 13.1 | 52.4% |
| Colombia | 6.4 | 7.0 | 8.3 | 8.0 | 7.7% |
| Egypt | 3.4 | 6.2 | 2.8 | 4.1 | 6.4% |
| United Kingdom | 0.1 | 0.2 | 0.2 | 3.3 | 220.8% |
| United States | 11.7 | 7.6 | 8.2 | 2.9 | -37.2% |
| Mexico | 0.8 | 1.6 | 1.9 | 2.2 | 40.1% |
| Tunisia | 2.0 | 4.5 | 5.5 | 2.1 | 1.6% |
| Spain | 0.4 | 0.4 | 1.5 | 2.0 | 71.0% |
| Costa Rica | N/A | N/A | N/A | 2.0 | 0% |
| Others | 7.0 | 6.5 | 6.8 | 9.8 | 11.9% |
| Total | 79.3 | 92.7 | 80.9 | 108 | 10.8% |
Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm from Bahrain in 2022:
- Algeria (6.9K tons)
- Ecuador (6.3K tons)
- Morocco (4.3K tons)
- Saudi Arabia (4.2K tons)
- Colombia (2.2K tons)
- Egypt (1.2K tons)
- United States (0.7K tons)
- United Kingdom (0.7K tons)
- Mexico (0.6K tons)
- Costa Rica (0.6K tons)
- Tunisia (0.6K tons)
- Spain (0.5K tons)
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Bahrain
In 2022, purchases abroad of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms decreased by -0.3% to 1.5K tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2020 when imports increased by 27% against the previous year. As a result, imports attained the peak of 2.1K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms surged to $6.2M in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.1 | 1.7 | 1.5 | 2.2 | 180.2% |
| Mozambique | N/A | N/A | N/A | 1.8 | 0% |
| Netherlands | 2.8 | 0.8 | 1.2 | 1.1 | -26.8% |
| Saudi Arabia | 0.4 | 0.7 | 1.2 | 0.7 | 20.5% |
| Spain | 1.3 | 2.6 | 1.0 | 0.4 | -32.5% |
| United Kingdom | 1.2 | 0.4 | N/A | N/A | -66.7% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 5.8 | 6.2 | 5.1 | 6.2 | 2.2% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm to Bahrain in 2022:
- Mozambique (472.3 tons)
- China (466.4 tons)
- Saudi Arabia (259.9 tons)
- Netherlands (192.2 tons)
- Spain (61.9 tons)
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