Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Bahrain - 2022
Contents:
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Bahrain (CIF) - 2022
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Bahrain (FOB) - 2022
- Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Bahrain
- Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Bahrain
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Bahrain (CIF) - 2022
The average import price for stainless steel; flat-rolled products of width less than 600mms stood at $3,789 per ton in 2022, rising by 25% against the previous year. Overall, the import price posted a strong increase. The pace of growth was the most pronounced in 2019 when the average import price increased by 62% against the previous year. The import price peaked at $3,834 per ton in 2020; afterwards, it flattened through to 2022.
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 Taiwan (Chinese) ($5,541 per ton), while the price for Saudi Arabia ($1,490 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Bahrain (FOB) - 2022
In 2022, the average export price for stainless steel; flat-rolled products of width less than 600mms amounted to $7,390 per ton, growing by 39% against the previous year. Overall, the export price enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 an increase of 65% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.
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 India ($58,300 per ton), while the average price for exports to Malaysia ($2,861 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 (+38.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Bahrain
In 2022, imports of stainless steel; flat-rolled products of width less than 600mms into Bahrain skyrocketed to 227 tons, growing by 62% against the previous year's figure. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of stainless steel; flat-rolled products of width less than 600mms skyrocketed to $859K in 2022. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 132 | 202 | 138 | 332 | 36.0% |
| China | 6.3 | 17.9 | 75.3 | 209 | 221.3% |
| United Arab Emirates | 11.6 | 299 | 16.5 | 51.0 | 63.8% |
| Japan | 19.6 | 23.3 | 26.7 | 35.4 | 21.8% |
| Saudi Arabia | 48.7 | 28.9 | 9.2 | 21.5 | -23.9% |
| Sweden | 16.7 | 15.8 | 13.9 | 16.5 | -0.4% |
| Italy | 9.3 | 4.6 | 18.4 | 12.8 | 11.2% |
| Taiwan (Chinese) | 20.4 | 27.1 | 12.7 | 10.6 | -19.6% |
| Malaysia | 37.3 | 25.8 | 17.2 | 9.3 | -37.1% |
| Free Zones | 7.4 | 36.0 | 20.3 | 0.4 | -62.2% |
| Others | 123 | 74.9 | 79.2 | 162 | 9.6% |
| Total | 433 | 756 | 427 | 859 | 25.7% |
Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Bahrain in 2022:
- China (91.4 tons)
- India (63.5 tons)
- Japan (21.2 tons)
- Saudi Arabia (14.4 tons)
- United Arab Emirates (11.3 tons)
- Italy (5.4 tons)
- Sweden (3.1 tons)
- Malaysia (2.0 tons)
- Taiwan (Chinese) (1.9 tons)
- Free Zones (0.2 tons)
Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Bahrain
In 2022, overseas shipments of stainless steel; flat-rolled products of width less than 600mms decreased by -11.8% to 7.6 tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a perceptible decline. The growth pace was the most rapid in 2020 with an increase of 6.6% against the previous year. As a result, the exports attained the peak of 8.9 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of stainless steel; flat-rolled products of width less than 600mms surged to $56K in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.2% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 23% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the near future.
| Export of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 3.4 | 9.4 | 15.1 | 26.4 | 98.0% |
| Poland | 6.4 | 8.7 | 10.2 | 10.3 | 17.2% |
| Switzerland | 3.9 | 5.0 | 5.5 | 5.2 | 10.1% |
| Qatar | 8.8 | 8.2 | 6.7 | 4.7 | -18.9% |
| United Arab Emirates | 1.1 | 1.2 | 3.1 | 4.5 | 59.9% |
| Malaysia | 2.4 | 2.2 | 1.8 | 1.3 | -18.5% |
| Others | 4.3 | 2.5 | 3.3 | 3.8 | -4.0% |
| Total | 30.3 | 37.2 | 45.7 | 56.1 | 22.8% |
Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from Bahrain in 2022:
- Poland (2.8 tons)
- Switzerland (1.8 tons)
- Saudi Arabia (1.5 tons)
- Qatar (0.7 tons)
- Malaysia (0.4 tons)
- United Arab Emirates (0.2 tons)
Nothing found. Please try again.
Nothing found. Please try again.
Nothing found. Please try again.
