Bahrain - Wire Rod Of Free-Cutting Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Free-Cutting Steel Wire Rod in Bahrain - 2022
Contents:
- Price for Free-Cutting Steel Wire Rod in Bahrain (CIF) - 2022
- Price for Free-Cutting Steel Wire Rod in Bahrain (FOB) - 2022
- Imports of Free-Cutting Steel Wire Rod in Bahrain
- Exports of Free-Cutting Steel Wire Rod in Bahrain
Price for Free-Cutting Steel Wire Rod in Bahrain (CIF) - 2022
The average free-cutting steel wire rod import price stood at $862 per ton in 2022, falling by -8.9% against the previous year. In general, the import price recorded a deep downturn. The pace of growth appeared the most rapid in 2017 an increase of 194% against the previous year. Over the period under review, average import prices reached the peak figure at $1,944 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($5,137 per ton), while the price for the United Arab Emirates ($846 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.2%), while the prices for the other major suppliers experienced a decline.
Price for Free-Cutting Steel Wire Rod in Bahrain (FOB) - 2022
The average free-cutting steel wire rod export price stood at $2,203 per ton in 2022, picking up by 139% against the previous year. Overall, the export price continues to indicate a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +12.0% per year.
Imports of Free-Cutting Steel Wire Rod in Bahrain
In 2022, the amount of wire rod of free-cutting steel imported into Bahrain fell sharply to 551 tons, reducing by -20.6% against the year before. Over the period under review, imports, however, posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 6,404% against the previous year. As a result, imports reached the peak of 693 tons, and then shrank remarkably in the following year.
In value terms, free-cutting steel wire rod imports shrank rapidly to $475K in 2022. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 7,688% against the previous year. As a result, imports attained the peak of $656K, and then shrank notably in the following year.
| Import of Free-Cutting Steel Wire Rod in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 12.0 | 8.0 | 631 | 473 | 240.3% |
| United Arab Emirates | 67.2 | 0.2 | 6.4 | N/A | -69.1% |
| Others | 26.9 | 0.2 | 18.7 | 1.4 | -62.7% |
| Total | 106 | 8.4 | 656 | 475 | 64.9% |
Top Suppliers of Free-Cutting Steel Wire Rod to Bahrain in 2022:
- United Arab Emirates (undefined tons)
- Saudi Arabia (550.6 tons)
Exports of Free-Cutting Steel Wire Rod in Bahrain
In 2022, approx. 444 kg of wire rod of free-cutting steel were exported from Bahrain; with a decrease of -87.3% against the previous year. Overall, exports continue to indicate a precipitous shrinkage. The smallest decline of -44.6% was in 2021.
In value terms, free-cutting steel wire rod exports dropped rapidly to $978 in 2022. In general, exports showed a precipitous shrinkage. The smallest decline of -41% was in 2021.
| Export of Free-Cutting Steel Wire Rod in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 2.7 | 0.6 | N/A | 0.6 | -39.4% |
| Saudi Arabia | 8.0 | 4.9 | 3.2 | N/A | -36.8% |
| Others | N/A | N/A | N/A | 0.4 | 0% |
| Total | 10.7 | 5.5 | 3.2 | 1.0 | -54.6% |
Top Export Markets for Free-Cutting Steel Wire Rod from Bahrain in 2022:
- United Arab Emirates (210.0 kg)
This report provides an in-depth analysis of the market for free-cutting steel wire rod in Bahrain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106120 - Wire rod of free-cutting steel
Country coverage:
- Bahrain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bahrain
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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