Composition Leather Price in Bahrain - 2022

Contents:

  1. Composition Leather Price in Bahrain (CIF) - 2022
  2. Composition Leather Price in Bahrain (FOB) - 2022
  3. Composition Leather Imports in Bahrain
  4. Composition Leather Exports in Bahrain

Composition Leather Price in Bahrain (CIF) - 2022

The average composition leather import price stood at $4.2 per square meter in 2022, with an increase of 17% against the previous year. Overall, the import price, however, recorded a abrupt slump. The growth pace was the most rapid in 2020 an increase of 196%. Over the period under review, average import prices reached the peak figure at $11 per square meter in 2018; however, from 2019 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 the United Arab Emirates ($23 per square meter), while the price for Egypt ($0.6 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+47.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Composition Leather Price in Bahrain (FOB) - 2022

The average composition leather export price stood at $1.4 per square meter in 2022, which is down by -22.7% against the previous year. Overall, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 195%. As a result, the export price attained the peak level of $12 per square meter. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2022, the rate of growth in terms of prices for Pakistan amounted to +555.2% per year.

Composition Leather Imports in Bahrain

Composition leather imports into Bahrain surged to 5.7K square meters in 2022, jumping by 89% on the previous year. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, composition leather imports skyrocketed to $24K in 2022. Overall, imports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 382% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Import of Composition Leather in Bahrain (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates1.47.916.316.5127.6%
Germany0.40.117.66.0146.6%
ItalyN/A0.31.20.415.5%
ThailandN/A0.21.00.322.5%
ChinaN/AN/A0.50.2-60.0%
PakistanN/A0.10.40.10.0%
EgyptN/AN/A0.20.1-50.0%
OthersN/A0.3-26.30.2-18.4%
Total1.98.910.823.8132.2%

Top Suppliers of Composition Leather to Bahrain in 2022:

  1. United Arab Emirates (714.0 square meters)
  2. Germany (623.0 square meters)
  3. Thailand (116.0 square meters)
  4. China (113.0 square meters)
  5. Italy (103.0 square meters)
  6. Pakistan (89.0 square meters)
  7. Egypt (87.0 square meters)

Composition Leather Exports in Bahrain

For the fourth consecutive year, Bahrain recorded growth in overseas shipments of composition leather, which increased by 18% to 280 square meters in 2022. The total export volume increased at an average annual rate of +11.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, composition leather exports dropped to $399 in 2022. Over the period under review, exports, however, saw a abrupt curtailment. The smallest decline of -4.4% was in 2021. Over the period under review, the exports attained the peak figure at $478 in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Composition Leather in Bahrain (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Saudi Arabia0.50.40.48.9161.1%
ItalyN/AN/A3.0N/A0%
PakistanN/A5.75.4N/A-5.3%
OthersN/A-5.6-8.3-8.523.2%
Total0.50.50.40.4-7.2%

Top Export Markets for Composition Leather from Bahrain in 2022:

  1. Saudi Arabia (3.3K square meters)

Source: IndexBox Market Intelligence Platform

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