Price for Machinery; Parts of Machinery of Heading No. 8422 in Bahrain - 2022

Contents:

1. Price for Machinery; Parts of Machinery of Heading No. 8422 in Bahrain (CIF) - 2022
2. Price for Machinery; Parts of Machinery of Heading No. 8422 in Bahrain (FOB) - 2022
3. Imports of Machinery; Parts of Machinery of Heading No. 8422 in Bahrain
4. Exports of Machinery; Parts of Machinery of Heading No. 8422 in Bahrain

Price for Machinery; Parts of Machinery of Heading No. 8422 in Bahrain (CIF) - 2022

The average import price for machinery; parts of machinery of heading no. 8422 stood at $100,494 per ton in 2022, growing by 4% against the previous year. Overall, the import price enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2020 an increase of 130%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 the United Arab Emirates ($194,364 per ton), while the price for India ($21,966 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 (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machinery; Parts of Machinery of Heading No. 8422 in Bahrain (FOB) - 2022

The average export price for machinery; parts of machinery of heading no. 8422 stood at $234,527 per ton in 2022, increasing by 117% against the previous year. Over the period under review, the export price continues to indicate significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($3,772,667 per ton), while the average price for exports to the United States ($85,991 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 the United Arab Emirates (+3,793.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery; Parts of Machinery of Heading No. 8422 in Bahrain

In 2022, the amount of machinery; parts of machinery of heading no. 8422 imported into Bahrain fell to 38 tons, waning by -7.1% compared with the previous year. Over the period under review, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 28% against the previous year.

In value terms, imports of machinery; parts of machinery of heading no. 8422 declined slightly to $3.8M in 2022. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 50%. As a result, imports attained the peak of $4M, and then reduced in the following year.

Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to Bahrain in 2022:

1. Italy (8.7 tons)
2. India (7.1 tons)
3. China (6.1 tons)
4. Germany (4.8 tons)
5. United States (3.5 tons)
6. France (2.1 tons)
7. United Kingdom (1.9 tons)

Exports of Machinery; Parts of Machinery of Heading No. 8422 in Bahrain

In 2022, shipments abroad of machinery; parts of machinery of heading no. 8422 decreased by -42.7% to 165 kg, falling for the second year in a row after two years of growth. In general, exports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 236%. As a result, the exports attained the peak of 3.1 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of machinery; parts of machinery of heading no. 8422 surged to $39K in 2022. Overall, exports continue to indicate a noticeable decrease. The growth pace was the most rapid in 2020 with an increase of 619% against the previous year. As a result, the exports attained the peak of $297K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from Bahrain in 2022:

1. United States (107.0 kg)
2. Saudi Arabia (52.0 kg)
3. United Arab Emirates (6.0 kg)

Source: IndexBox Market Intelligence Platform