Price for Stainless Steel in Ingots or Other Primary Forms in Bahrain - 2022
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Bahrain (CIF) - 2022
- Price for Stainless Steel in Ingots or Other Primary Forms in Bahrain (FOB) - 2022
- Imports of Stainless Steel in Ingots or Other Primary Forms in Bahrain
- Exports of Stainless Steel in Ingots or Other Primary Forms in Bahrain
Price for Stainless Steel in Ingots or Other Primary Forms in Bahrain (CIF) - 2022
In 2022, the average import price for stainless steel in ingots or other primary forms amounted to $1,014 per ton, which is down by -41.7% against the previous year. In general, the import price showed a slight contraction. The pace of growth appeared the most rapid in 2013 an increase of 334% against the previous year. The import price peaked at $13,943 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($8,407 per ton), while the price for Saudi Arabia ($912 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+26.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel in Ingots or Other Primary Forms in Bahrain (FOB) - 2022
In 2022, the average export price for stainless steel in ingots or other primary forms amounted to $25,124 per ton, reducing by -22.8% against the previous year. Overall, the export price, however, recorded significant growth. The pace of growth was the most pronounced in 2020 an increase of 355% against the previous year. Over the period under review, the average export prices reached the maximum at $32,542 per ton in 2021, and then reduced sharply in the following year.
As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.
From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +20.8% per year.
Imports of Stainless Steel in Ingots or Other Primary Forms in Bahrain
In 2022, the amount of stainless steel in ingots or other primary forms imported into Bahrain surged to 813 tons, picking up by 761% compared with 2021 figures. In general, imports showed 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 stainless steel in ingots or other primary forms surged to $824K in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel in Ingots or Other Primary Forms in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 8.2 | 1.5 | 1.8 | 591 | 316.2% |
| United Arab Emirates | 125 | 72.4 | 66.8 | 107 | -5.1% |
| Free Zones | N/A | N/A | 52.1 | 66.4 | 27.4% |
| Others | 185 | 131 | 43.5 | 59.9 | -31.3% |
| Total | 318 | 205 | 164 | 824 | 37.4% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Bahrain in 2022:
- Saudi Arabia (648.0 tons)
- Free Zones (65.2 tons)
- United Arab Emirates (31.5 tons)
Exports of Stainless Steel in Ingots or Other Primary Forms in Bahrain
In 2022, exports of stainless steel in ingots or other primary forms from Bahrain skyrocketed to 1.5 tons, with an increase of 19% compared with the year before. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 4,200% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of stainless steel in ingots or other primary forms fell to $39K in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 19,461% against the previous year.
| Export of Stainless Steel in Ingots or Other Primary Forms in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | N/A | 16.1 | 42.1 | 38.8 | 55.2% |
| United Arab Emirates | 0.1 | N/A | N/A | N/A | 0% |
| Others | N/A | 10.7 | N/A | N/A | 0% |
| Total | 0.1 | 26.8 | 42.1 | 38.8 | 629.4% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Bahrain in 2022:
- Saudi Arabia (1.5 tons)
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