Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Bahrain - 2022
Contents:
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Bahrain (CIF) - 2022
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Bahrain (FOB) - 2022
- Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Bahrain
- Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Bahrain
Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Bahrain (CIF) - 2022
The average import price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia stood at $12,512 per ton in 2022, surging by 19% against the previous year. Over the period under review, the import price enjoyed moderate growth. The pace of growth was the most pronounced in 2021 when the average import price increased by 59% against the previous year. Over the period under review, average import prices attained the maximum at $13,159 per ton in 2015; however, from 2016 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 the Netherlands ($56,225 per ton), while the price for Saudi Arabia ($4,542 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 (+37.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Bahrain (FOB) - 2022
In 2022, the average export price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia amounted to $30,296 per ton, increasing by 80% against the previous year. Overall, the export price continues to indicate significant growth. The most prominent rate of growth was recorded in 2021 an increase of 417% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($30,599 per ton), while the average price for exports to Saudi Arabia totaled $20,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+19.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Bahrain
In 2022, imports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia into Bahrain soared to 189 tons, surging by 250% compared with 2021 figures. Overall, imports posted strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 576% against the previous year. As a result, imports attained the peak of 830 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia skyrocketed to $2.4M in 2022. In general, imports saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 705%. As a result, imports reached the peak of $5.5M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 261 | 1,739 | 180 | 597 | 31.8% |
| United Arab Emirates | 6.5 | 87.7 | 40.3 | 594 | 350.4% |
| Saudi Arabia | 49.9 | 1,923 | 91.4 | 363 | 93.8% |
| China | 38.6 | 314 | 82.5 | 223 | 79.4% |
| Ukraine | 59.5 | 561 | 13.1 | 124 | 27.7% |
| Taiwan (Chinese) | 8.2 | 42.9 | 2.3 | 16.5 | 26.2% |
| Others | 260 | 835 | 161 | 452 | 20.2% |
| Total | 684 | 5,502 | 570 | 2,369 | 51.3% |
Top Suppliers of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section to Bahrain in 2022:
- Saudi Arabia (79.9 tons)
- China (38.0 tons)
- United Arab Emirates (27.1 tons)
- Spain (15.9 tons)
- Ukraine (12.6 tons)
- Taiwan (Chinese) (3.5 tons)
Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Bahrain
For the third consecutive year, Bahrain recorded decline in shipments abroad of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia, which decreased by -50.4% to 230 kg in 2022. In general, exports faced a significant decline. The smallest decline of -26.9% was in 2020.
In value terms, exports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia reduced to $7K in 2022. Overall, exports continue to indicate a sharp reduction.
| Export of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 28.8 | 22.4 | 7.8 | 6.9 | -37.9% |
| Others | 0.4 | 0.2 | N/A | N/A | -50.0% |
| Total | 29.2 | 22.6 | 7.8 | 7.0 | -37.9% |
Top Export Markets for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section from Bahrain in 2022:
- India (227.0 kg)
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