Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Bahrain - 2022

Contents:

1. Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Bahrain (CIF) - 2022
2. Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Bahrain (FOB) - 2022
3. Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in Bahrain
4. Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in Bahrain

Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Bahrain (CIF) - 2022

In 2022, the average import price for cycles; parts thereof, wheel rims and spokeses amounted to $6,456 per ton, increasing by 39% against the previous year. In general, the import price saw buoyant growth. The pace of growth was the most pronounced in 2019 when the average import price increased by 207%. The import price peaked at $10,117 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($16,178 per ton), while the price for South Korea ($1,785 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Bahrain (FOB) - 2022

In 2022, the average export price for cycles; parts thereof, wheel rims and spokeses amounted to $2,335 per ton, picking up by 3.8% against the previous year. Overall, the export price recorded a buoyant increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 383% against the previous year. As a result, the export price reached the peak level of $5,936 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($2,339 per ton), while the average price for exports to Saudi Arabia stood at $1,462 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+2.6%), while the prices for the other major destinations experienced a decline.

Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in Bahrain

In 2022, overseas purchases of cycles; parts thereof, wheel rims and spokeses increased by 64% to 14 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a relatively flat trend pattern.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses soared to $93K in 2022. Over the period under review, imports, however, showed a deep contraction.

Top Suppliers of Cycles; Parts Thereof, Wheel Rims and Spokes to Bahrain in 2022:

1. China (6.3 tons)
2. India (2.5 tons)
3. Turkey (2.4 tons)
4. Netherlands (1.7 tons)
5. Taiwan (Chinese) (0.7 tons)
6. South Korea (0.3 tons)

Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in Bahrain

In 2022, approx. 1.8 tons of cycles; parts thereof, wheel rims and spokeses were exported from Bahrain; which is down by -45% on the previous year. Over the period under review, exports saw a sharp shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 376% against the previous year.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses declined dramatically to $4.2K in 2022. Overall, exports recorded a sharp curtailment. The growth pace was the most rapid in 2021 when exports increased by 365% against the previous year.

Top Export Markets for Cycles; Parts Thereof, Wheel Rims and Spokes from Bahrain in 2022:

1. United Arab Emirates (1769.0 kg)
2. Saudi Arabia (13.0 kg)

Source: IndexBox Market Intelligence Platform