Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bahrain - 2022
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bahrain (FOB) - 2022
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bahrain (CIF) - 2022
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bahrain
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bahrain
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bahrain (FOB) - 2022
The average export price for furniture; wooden, other than for office, kitchen or bedroom use stood at $68 per unit in 2022, almost unchanged from the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 65%. The export price peaked at $221 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($85 per unit), while the average price for exports to Italy ($48 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bahrain (CIF) - 2022
The average import price for furniture; wooden, other than for office, kitchen or bedroom use stood at $102 per unit in 2022, growing by 28% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2014 when the average import price increased by 60% against the previous year. The import price peaked at $110 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($121 per unit) and Italy ($118 per unit), while the price for Malaysia ($86 per unit) and India ($86 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bahrain
In 2022, approx. 685K units of furniture; wooden, other than for office, kitchen or bedroom use were exported from Bahrain; rising by 32% compared with the previous year's figure. Overall, exports, however, continue to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 125% against the previous year. The exports peaked at 790K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use surged to $47M in 2022. Over the period under review, exports, however, recorded a sharp setback. The pace of growth was the most pronounced in 2021 when exports increased by 71% against the previous year. Over the period under review, the exports of hit record highs at $98M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 21.9 | 8.0 | 11.7 | 16.6 | -8.8% |
| United Arab Emirates | 29.9 | 4.2 | 10.2 | 12.4 | -25.4% |
| Kuwait | 33.2 | 5.6 | 6.6 | 7.7 | -38.6% |
| Qatar | N/A | N/A | N/A | 4.2 | 0% |
| Egypt | 2.6 | 0.7 | 2.2 | 3.0 | 4.9% |
| Oman | 6.0 | 1.0 | 2.9 | 1.0 | -45.0% |
| Italy | 0.6 | N/A | 0.1 | 0.7 | 5.3% |
| Jordan | 1.9 | 0.5 | 1.1 | 0.5 | -35.9% |
| Others | 2.3 | 0.7 | 0.6 | 0.7 | -32.7% |
| Total | 98.4 | 20.6 | 35.3 | 46.8 | -21.9% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Bahrain in 2022:
- Saudi Arabia (208.9K units)
- Kuwait (148.3K units)
- United Arab Emirates (147.7K units)
- Qatar (86.7K units)
- Egypt (35.1K units)
- Oman (21.7K units)
- Italy (15.5K units)
- Jordan (9.5K units)
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bahrain
After three years of growth, purchases abroad of furniture; wooden, other than for office, kitchen or bedroom use decreased by -43.1% to 203K units in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 34% against the previous year. Over the period under review, imports of attained the maximum at 357K units in 2021, and then fell significantly in the following year.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use shrank significantly to $21M in 2022. Over the period under review, imports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. As a result, imports attained the peak of $28M, and then fell markedly in the following year.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.0 | 5.7 | 9.6 | 5.8 | -1.1% |
| Turkey | 2.3 | 2.0 | 2.5 | 3.1 | 10.5% |
| Italy | 4.0 | 6.3 | 4.1 | 2.4 | -15.7% |
| Malaysia | 1.4 | 0.8 | 1.2 | 1.4 | 0.0% |
| Poland | 1.3 | 2.0 | 2.0 | 1.2 | -2.6% |
| Vietnam | 0.8 | 0.6 | 0.9 | 0.9 | 4.0% |
| Lithuania | 0.4 | 0.6 | 0.6 | 0.8 | 26.0% |
| United Arab Emirates | 1.0 | 0.7 | 1.2 | 0.7 | -11.2% |
| United Kingdom | 0.2 | 0.3 | 0.2 | 0.7 | 51.8% |
| Germany | 0.5 | 0.4 | 0.5 | 0.7 | 11.9% |
| India | 0.6 | 0.4 | 1.0 | 0.6 | 0.0% |
| Portugal | 0.5 | 0.5 | 0.4 | 0.3 | -15.7% |
| Spain | 0.4 | 0.6 | 0.5 | 0.2 | -20.6% |
| Others | 3.2 | 3.3 | 3.8 | 1.8 | -17.5% |
| Total | 22.6 | 24.2 | 28.3 | 20.6 | -3.0% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Bahrain in 2022:
- China (61.9K units)
- Turkey (29.4K units)
- Italy (20.6K units)
- Malaysia (16.9K units)
- Poland (11.9K units)
- Vietnam (8.5K units)
- Lithuania (7.3K units)
- United Arab Emirates (6.6K units)
- India (6.6K units)
- Germany (6.1K units)
- United Kingdom (6.0K units)
- Portugal (2.8K units)
- Spain (1.7K units)
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