Price for Railway or Tramway Track Constructions of Iron or Steel in Bahrain - 2022

Contents:

1. Price for Railway or Tramway Track Constructions of Iron or Steel in Bahrain (CIF) - 2022
2. Price for Railway or Tramway Track Constructions of Iron or Steel in Bahrain (FOB) - 2022
3. Imports of Railway or Tramway Track Constructions of Iron or Steel in Bahrain
4. Exports of Railway or Tramway Track Constructions of Iron or Steel in Bahrain

Price for Railway or Tramway Track Constructions of Iron or Steel in Bahrain (CIF) - 2022

In 2022, the average import price for railway or tramway track constructions of iron or steel amounted to $1,993 per ton, rising by 18% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for railway or tramway track constructions of iron or steel increased by +35.7% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 33% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

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 Belgium ($2,450 per ton), while the price for Qatar ($112 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Railway or Tramway Track Constructions of Iron or Steel in Bahrain (FOB) - 2022

In 2022, the average export price for railway or tramway track constructions of iron or steel amounted to $408 per ton, waning by -27.5% against the previous year. In general, the export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 24%. As a result, the export price attained the peak level of $1,137 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($5,851 per ton), while the average price for exports to Qatar ($336 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 India (+32.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Railway or Tramway Track Constructions of Iron or Steel in Bahrain

Imports of railway or tramway track constructions of iron or steel into Bahrain declined markedly to 738 tons in 2022, reducing by -66.5% compared with the previous year. Over the period under review, imports continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year.

In value terms, imports of railway or tramway track constructions of iron or steel reduced dramatically to $1.5M in 2022. In general, imports showed a dramatic decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 37% against the previous year.

Top Suppliers of Railway or Tramway Track Constructions of Iron or Steel to Bahrain in 2022:

1. United Arab Emirates (438.3 tons)
2. China (111.4 tons)
3. Saudi Arabia (92.3 tons)
4. Luxembourg (27.4 tons)
5. Belgium (11.9 tons)
6. South Korea (5.0 tons)

Exports of Railway or Tramway Track Constructions of Iron or Steel in Bahrain

In 2022, after two years of decline, there was significant growth in shipments abroad of railway or tramway track constructions of iron or steel, when their volume increased by 13% to 330 tons. In general, exports, however, continue to indicate a dramatic descent.

In value terms, exports of railway or tramway track constructions of iron or steel dropped significantly to $135K in 2022. Over the period under review, exports, however, faced a sharp decrease.

Top Export Markets for Railway or Tramway Track Constructions of Iron or Steel from Bahrain in 2022:

1. Qatar (297.9 tons)
2. Saudi Arabia (14.6 tons)
3. United Arab Emirates (14.3 tons)

Source: IndexBox Market Intelligence Platform