Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Bahrain - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Bahrain (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Bahrain (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Bahrain
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Bahrain
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Bahrain (CIF) - 2022
The average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $1,557 per ton in 2022, falling by -19.6% against the previous year. Over the period under review, the import price, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2018 an increase of 121% against the previous year. As a result, import price attained the peak level of $2,049 per ton. From 2019 to 2022, the average import prices remained at a 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 Saudi Arabia ($3,279 per ton), while the price for Japan ($1,373 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+15.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Bahrain (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $577 per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price recorded a noticeable expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($787 per ton), while the average price for exports to the United Arab Emirates amounted to $565 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+8.4%).
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Bahrain
In 2022, approx. 137 tons of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s were imported into Bahrain; increasing by 265% on the year before. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s skyrocketed to $214K in 2022. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.1 | 2.9 | 30.7 | 80.1 | 317.6% |
| South Korea | N/A | N/A | N/A | 45.6 | 0% |
| Ukraine | N/A | N/A | N/A | 44.1 | 0% |
| United Arab Emirates | 1.2 | 1.2 | 0.9 | 17.9 | 146.2% |
| Japan | N/A | N/A | N/A | 14.9 | 0% |
| Saudi Arabia | 7.9 | 5.8 | 4.5 | 7.8 | -0.4% |
| India | 7.0 | 6.5 | 4.0 | 1.1 | -46.0% |
| United States | 14.7 | 19.2 | 17.4 | N/A | 8.8% |
| Oman | 1.2 | 9.3 | 15.2 | N/A | 255.9% |
| Others | 0.1 | 2.3 | N/A | 2.4 | 188.4% |
| Total | 33.2 | 47.2 | 72.8 | 214 | 86.1% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Bahrain in 2022:
- China (57.9 tons)
- South Korea (30.5 tons)
- Ukraine (27.9 tons)
- Japan (10.9 tons)
- United Arab Emirates (7.5 tons)
- Saudi Arabia (2.4 tons)
- India (0.2 tons)
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Bahrain
In 2022, shipments abroad of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s decreased by -50% to 1.8K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw a sharp setback.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s contracted significantly to $1.1M in 2022. In general, exports recorded a significant decrease.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 1.0 | 0% |
| Saudi Arabia | 9.6 | N/A | 2.1 | N/A | -53.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 9.6 | N/A | 2.1 | 1.1 | -51.4% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Bahrain in 2022:
- United Arab Emirates (1772.9 tons)
- Saudi Arabia (56.6 tons)
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