Price for Non-Furniture Refrigerating or Freezing Equipment in Bahrain - 2022

Contents:

1. Price for Non-Furniture Refrigerating or Freezing Equipment in Bahrain (CIF) - 2022
2. Price for Non-Furniture Refrigerating or Freezing Equipment in Bahrain (FOB) - 2022
3. Imports of Non-Furniture Refrigerating or Freezing Equipment in Bahrain
4. Exports of Non-Furniture Refrigerating or Freezing Equipment in Bahrain

Price for Non-Furniture Refrigerating or Freezing Equipment in Bahrain (CIF) - 2022

The average import price for non-furniture refrigerating or freezing equipment stood at $152 per unit in 2022, almost unchanged from the previous year. In general, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-furniture refrigerating or freezing equipment import price increased by +50.1% against 2016 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 52% against the previous year. The import price peaked at $153 per unit in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($350 per unit), while the price for Saudi Arabia ($63 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Furniture Refrigerating or Freezing Equipment in Bahrain (FOB) - 2022

The average export price for non-furniture refrigerating or freezing equipment stood at $115 per unit in 2022, surging by 13% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-furniture refrigerating or freezing equipment export price decreased by -3.4% against 2020 indices. The growth pace was the most rapid in 2014 when the average export price increased by 65% against the previous year. As a result, the export price attained the peak level of $157 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($148 per unit), while the average price for exports to Kuwait ($87 per unit) 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 (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Furniture Refrigerating or Freezing Equipment in Bahrain

For the third consecutive year, Bahrain recorded decline in supplies from abroad of non-furniture refrigerating or freezing equipment, which decreased by -8.9% to 90K units in 2022. Over the period under review, imports saw a abrupt curtailment. The smallest decline of -2.5% was in 2021. Imports peaked at 109K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, non-furniture refrigerating or freezing equipment imports declined to $14M in 2022. The total import value increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 24%. As a result, imports reached the peak of $15M, and then reduced in the following year.

Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Bahrain in 2022:

1. China (31.0K units)
2. France (22.8K units)
3. Mexico (7.0K units)
4. Italy (5.3K units)
5. Germany (5.0K units)
6. South Korea (5.0K units)
7. India (3.7K units)
8. Saudi Arabia (2.7K units)
9. Turkey (1.4K units)

Exports of Non-Furniture Refrigerating or Freezing Equipment in Bahrain

Non-furniture refrigerating or freezing equipment exports from Bahrain skyrocketed to 8.6K units in 2022, with an increase of 19% against the previous year's figure. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 93% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, non-furniture refrigerating or freezing equipment exports skyrocketed to $994K in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 142% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Bahrain in 2022:

1. Saudi Arabia (7.2K units)
2. United Arab Emirates (1.3K units)

Source: IndexBox Market Intelligence Platform