Stainless Steel Wire Price in Bahrain - 2022
Contents:
- Stainless Steel Wire Price in Bahrain (CIF) - 2022
- Stainless Steel Wire Price in Bahrain (FOB) - 2022
- Stainless Steel Wire Imports in Bahrain
- Stainless Steel Wire Exports in Bahrain
Stainless Steel Wire Price in Bahrain (CIF) - 2022
The average stainless steel wire import price stood at $5,187 per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 an increase of 42% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.
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 China ($6,241 per ton), while the price for Saudi Arabia ($1,364 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+117.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Wire Price in Bahrain (FOB) - 2022
The average stainless steel wire export price stood at $680 per ton in 2022, standing approx. at the previous year. In general, the export price faced a abrupt setback. The most prominent rate of growth was recorded in 2013 an increase of 276% against the previous year. As a result, the export price attained the peak level of $14,180 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($29,773 per ton), while the average price for exports to Pakistan ($195 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 Oman (+796.4%), while the prices for the other major destinations experienced more modest paces of growth.
Stainless Steel Wire Imports in Bahrain
After two years of decline, purchases abroad of stainless steel wire decreased by 0% to 134 tons in 2022. Over the period under review, imports recorded a dramatic descent. The smallest decline of 99.9% was in 2020.
In value terms, stainless steel wire imports stood at $696K in 2022. In general, imports enjoyed a slight increase. The smallest decline of 99.9% was in 2020. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Stainless Steel Wire in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 379 | N/A | N/A | 389 | 0.9% |
| Indonesia | 15.2 | N/A | N/A | 107 | 91.7% |
| United Kingdom | 0.8 | N/A | N/A | 85.0 | 373.6% |
| China | 7.0 | N/A | N/A | 66.5 | 111.8% |
| South Korea | 24.7 | N/A | N/A | 18.5 | -9.2% |
| United Arab Emirates | 36.2 | N/A | N/A | 1.8 | -63.2% |
| Saudi Arabia | 151 | N/A | N/A | 0.2 | -89.0% |
| Others | 51.2 | N/A | N/A | 27.8 | -18.4% |
| Total | 665 | N/A | N/A | 696 | 1.5% |
Top Suppliers of Stainless Steel Wire to Bahrain in 2022:
- India (72.9 tons)
- Indonesia (24.9 tons)
- United Kingdom (19.8 tons)
- China (10.6 tons)
- South Korea (3.2 tons)
- United Arab Emirates (0.6 tons)
- Saudi Arabia (0.1 tons)
Stainless Steel Wire Exports in Bahrain
In 2022, overseas shipments of stainless steel wire decreased by 0% to 80 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports showed a significant increase. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, stainless steel wire exports totaled $54K in 2022. Overall, exports continue to indicate notable growth. The smallest decline of 99.9% was in 2020. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Stainless Steel Wire in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 27.2 | N/A | N/A | 19.4 | -10.7% |
| Pakistan | N/A | N/A | N/A | 14.8 | 0% |
| United Arab Emirates | 9.9 | N/A | N/A | 3.8 | -27.3% |
| Others | 12.1 | N/A | N/A | 16.3 | 10.4% |
| Total | 49.2 | N/A | N/A | 54.3 | 3.3% |
Top Export Markets for Stainless Steel Wire from Bahrain in 2022:
- Pakistan (76.0 tons)
- United Arab Emirates (1.6 tons)
- Saudi Arabia (0.7 tons)
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