Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bahrain - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bahrain (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bahrain (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bahrain
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bahrain
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bahrain (CIF) - 2022
The average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $584 per ton in 2022, with a decrease of -10.9% against the previous year. Overall, the import price saw a pronounced setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 27% against the previous year. Over the period under review, average import prices reached the maximum at $795 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($587 per ton), while the price for Spain ($417 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-2.9%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bahrain (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $833 per ton, approximately mirroring the previous year. Overall, the export price saw a perceptible descent. The growth pace was the most rapid in 2019 an increase of 27% against the previous year. The export price peaked at $1,153 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
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 the United Arab Emirates ($3,375 per ton), while the average price for exports to Oman ($190 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 (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bahrain
Imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses into Bahrain expanded to 79K tons in 2022, growing by 2.2% on the previous year's figure. The total import volume increased at an average annual rate of +9.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 33%. As a result, imports attained the peak of 80K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses dropped to $46M in 2022. The total import value increased at an average annual rate of +11.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 24%.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 26.5 | 39.2 | 46.6 | 38.8 | 13.6% |
| United Arab Emirates | 6.4 | 1.8 | 3.2 | 6.2 | -1.1% |
| Spain | N/A | 0.2 | 0.4 | 0.7 | 87.1% |
| Others | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
| Total | 33.3 | 41.4 | 50.4 | 45.9 | 11.3% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Bahrain in 2022:
- Saudi Arabia (66.2K tons)
- United Arab Emirates (10.5K tons)
- Spain (1.6K tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bahrain
After two years of decline, overseas shipments of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses increased by 13% to 9.3 tons in 2022. Overall, exports, however, saw a drastic downturn.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses expanded sharply to $7.7K in 2022. Over the period under review, exports, however, showed a deep contraction.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | 3.6 | 3.3 | 2.6 | 2.7 | -9.1% |
| Saudi Arabia | 2.0 | 2.2 | 2.1 | 2.6 | 9.1% |
| Oman | 1.6 | 1.4 | 1.0 | 1.0 | -14.5% |
| United Arab Emirates | 2.3 | 0.5 | 0.5 | 0.6 | -36.1% |
| India | 0.8 | 0.7 | 0.5 | 0.5 | -14.5% |
| Pakistan | 0.5 | 0.3 | 0.1 | 0.3 | -15.7% |
| Others | N/A | 0.2 | N/A | 0.1 | -29.3% |
| Total | 10.7 | 8.6 | 6.9 | 7.7 | -10.4% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Bahrain in 2022:
- Oman (5.1 tons)
- Kuwait (1.9 tons)
- Saudi Arabia (1.5 tons)
- India (0.5 tons)
- Pakistan (0.2 tons)
- United Arab Emirates (0.2 tons)
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