Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Bahrain - 2022

Contents:

1. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Bahrain (FOB) - 2022
2. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Bahrain (CIF) - 2022
3. Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Bahrain
4. Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Bahrain

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Bahrain (FOB) - 2022

In 2022, the average export price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses amounted to $3,623 per ton, picking up by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 29%. 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 Canada ($4,409 per ton), while the average price for exports to Lebanon ($2,923 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 Brazil (+21.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Bahrain (CIF) - 2022

In 2022, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses amounted to $4,733 per ton, rising by 19% against the previous year. Overall, the import price, however, recorded a deep downturn. The growth pace was the most rapid in 2019 when the average import price increased by 43%. The import price peaked at $13,046 per ton in 2012; however, from 2013 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 India ($20,990 per ton), while the price for China ($3,478 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+35.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Bahrain

In 2022, the amount of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses exported from Bahrain reduced markedly to 2.1K tons, which is down by -40.8% on the year before. Over the period under review, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 25% against the previous year. As a result, the exports reached the peak of 3.6K tons, and then declined rapidly in the following year.

In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses declined rapidly to $7.6M in 2022. Overall, total exports indicated a slight increase from 2019 to 2022: its value increased at an average annual rate of +1.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +9.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 62% against the previous year. As a result, the exports reached the peak of $11M, and then fell rapidly in the following year.

Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less from Bahrain in 2022:

1. Thailand (725.4 tons)
2. China (326.3 tons)
3. Spain (180.5 tons)
4. Brazil (166.4 tons)
5. Ecuador (123.1 tons)
6. Cote d'Ivoire (121.8 tons)
7. Jordan (98.6 tons)
8. Canada (59.6 tons)
9. Germany (43.5 tons)
10. Pakistan (40.7 tons)
11. Lebanon (20.4 tons)

Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Bahrain

In 2022, imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses into Bahrain soared to 25 tons, jumping by 60% on the year before. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 83%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses soared to $118K in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less to Bahrain in 2022:

1. China (11.5 tons)
2. United Arab Emirates (10.8 tons)
3. United States (0.8 tons)
4. Canada (0.7 tons)
5. India (0.3 tons)
6. Germany (0.3 tons)

Source: IndexBox Market Intelligence Platform