Price for Hot-Rolled Wire Rod in Coils in Bahrain - 2022
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Bahrain (CIF) - 2022
- Price for Hot-Rolled Wire Rod in Coils in Bahrain (FOB) - 2022
- Imports of Hot-Rolled Wire Rod in Coils in Bahrain
- Exports of Hot-Rolled Wire Rod in Coils in Bahrain
Price for Hot-Rolled Wire Rod in Coils in Bahrain (CIF) - 2022
In 2022, the average import price for hot-rolled wire rods in coils amounted to $627 per ton, shrinking by -2.6% against the previous year. Over the period under review, the import price showed a perceptible contraction. The most prominent rate of growth was recorded in 2021 an increase of 20% against the previous year. Over the period under review, average import prices reached the peak figure at $782 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 China ($1,234 per ton), while the price for Spain ($441 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+29.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled Wire Rod in Coils in Bahrain (FOB) - 2022
In 2022, the average export price for hot-rolled wire rods in coils amounted to $670 per ton, remaining stable against the previous year. Over the period under review, the export price continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 17%. The export price peaked at $923 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($700 per ton), while the average price for exports to the United Arab Emirates ($93 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 Saudi Arabia (-0.4%), while the prices for the other major destinations experienced a decline.
Imports of Hot-Rolled Wire Rod in Coils in Bahrain
In 2022, imports of hot-rolled wire rods in coils into Bahrain skyrocketed to 27K tons, picking up by 33% compared with the previous year. Overall, imports recorded significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 38%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, hot-rolled wire rod in coils imports surged to $17M in 2022. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2021 when imports increased by 66%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Hot-Rolled Wire Rod in Coils in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 6.5 | 7.2 | 11.9 | 13.8 | 28.5% |
| United Arab Emirates | 1.6 | 0.4 | 0.8 | 2.3 | 12.9% |
| Spain | 0.1 | 0.2 | 0.1 | 0.3 | 44.2% |
| Others | 0.2 | 0.1 | 0.2 | 0.4 | 26.0% |
| Total | 8.4 | 7.9 | 13.0 | 16.9 | 26.2% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Bahrain in 2022:
- Saudi Arabia (21.9K tons)
- United Arab Emirates (3.8K tons)
- Spain (0.6K tons)
Exports of Hot-Rolled Wire Rod in Coils in Bahrain
Hot-rolled wire rod in coils exports from Bahrain reduced to 48 tons in 2022, waning by -9.4% compared with the previous year. In general, exports saw a deep downturn. The smallest decline of -7.5% was in 2021.
In value terms, hot-rolled wire rod in coils exports reduced to $32K in 2022. Overall, exports saw a drastic downturn. The smallest decline of -7.6% was in 2021.
| Export of Hot-Rolled Wire Rod in Coils in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 43.5 | 37.8 | 35.2 | 31.9 | -9.8% |
| United Arab Emirates | 1.0 | 0.5 | 0.3 | 0.2 | -41.5% |
| India | 0.4 | 0.3 | 0.2 | 0.1 | -37.0% |
| Others | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Total | 45.0 | 38.6 | 35.7 | 32.3 | -10.5% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from Bahrain in 2022:
- Saudi Arabia (45.7 tons)
- United Arab Emirates (2.0 tons)
- India (0.5 tons)
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