Bahrain - Iron or Steel Wire Products - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Iron or Steel Wire Product in Bahrain - 2022
Contents:
- Price for Iron or Steel Wire Product in Bahrain (CIF) - 2022
- Price for Iron or Steel Wire Product in Bahrain (FOB) - 2022
- Imports of Iron or Steel Wire Product in Bahrain
- Exports of Iron or Steel Wire Product in Bahrain
Price for Iron or Steel Wire Product in Bahrain (CIF) - 2022
The average import price for iron or steel wire products stood at $2,442 per ton in 2022, increasing by 42% against the previous year. In general, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $3,576 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($3,631 per ton), while the price for Saudi Arabia ($1,426 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel Wire Product in Bahrain (FOB) - 2022
The average export price for iron or steel wire products stood at $1,553 per ton in 2022, shrinking by -5% against the previous year. In general, the export price showed a perceptible downturn. The growth pace was the most rapid in 2015 an increase of 45%. As a result, the export price reached the peak level of $3,607 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($3,913 per ton), while the average price for exports to Saudi Arabia ($1,335 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 Jordan (+12.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Steel Wire Product in Bahrain
In 2022, after three years of growth, there was significant decline in supplies from abroad of iron or steel wire products, when their volume decreased by -36.6% to 915 tons. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 85% against the previous year. As a result, imports reached the peak of 1.4K tons, and then reduced markedly in the following year.
In value terms, iron or steel wire product imports declined to $2.2M in 2022. In general, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 103% against the previous year.
| Import of Iron or Steel Wire Product in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 241 | 384 | 1,086 | 597 | 35.3% |
| Free Zones | 148 | 274 | 359 | 559 | 55.7% |
| Saudi Arabia | 69.4 | 72.8 | 57.5 | 383 | 76.7% |
| United Arab Emirates | 370 | 683 | 739 | 213 | -16.8% |
| India | 33.3 | 39.2 | 44.0 | 206 | 83.6% |
| Others | 194 | 691 | 195 | 276 | 12.5% |
| Total | 1,056 | 2,144 | 2,480 | 2,234 | 28.4% |
Top Suppliers of Iron or Steel Wire Product to Bahrain in 2022:
- Saudi Arabia (268.7 tons)
- China (251.0 tons)
- Free Zones (157.2 tons)
- United Arab Emirates (132.8 tons)
- India (68.7 tons)
Exports of Iron or Steel Wire Product in Bahrain
In 2022, approx. 432 tons of iron or steel wire products were exported from Bahrain; waning by -54% compared with 2021 figures. Over the period under review, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 512%. As a result, the exports attained the peak of 938 tons, and then fell sharply in the following year.
In value terms, iron or steel wire product exports contracted markedly to $671K in 2022. In general, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 475% against the previous year. As a result, the exports attained the peak of $1.5M, and then contracted significantly in the following year.
| Export of Iron or Steel Wire Product in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 427 | 245 | 1,442 | 530 | 7.5% |
| Jordan | 0.2 | N/A | 48.1 | 116 | 734.0% |
| Others | 4.2 | 22.0 | 43.9 | 25.3 | 82.0% |
| Total | 432 | 267 | 1,534 | 671 | 15.8% |
Top Export Markets for Iron or Steel Wire Product from Bahrain in 2022:
- Saudi Arabia (397.1 tons)
- Jordan (30.1 tons)
This report provides an in-depth analysis of the market for iron or steel wire product 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 25992925 - Finished products of iron/steel wire, snares, traps, etc., fodder ties, animal nose rings, mattress hooks, butchers
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
-
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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