Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Bahrain - 2022

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Bahrain (FOB) - 2022
2. Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Bahrain (CIF) - 2022
3. Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Bahrain
4. Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Bahrain

Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Bahrain (FOB) - 2022

In 2022, the average export price for steel, alloy amounted to $1,460 per ton, increasing by 2.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2020 an increase of 2.9%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +2.2% per year.

Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Bahrain (CIF) - 2022

The average import price for steel, alloy stood at $5,506 per ton in 2022, with an increase of 17% against the previous year. In general, the import price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 70% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($5,576 per ton), while the price for Belgium amounted to $4,406 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Bahrain

For the third year in a row, Bahrain recorded decline in shipments abroad of steel, alloy, which decreased by -8.2% to 150 tons in 2022. Over the period under review, exports recorded a abrupt setback. The smallest decline of -8.2% was in 2021.

In value terms, exports of steel, alloy reduced to $219K in 2022. Overall, exports continue to indicate a abrupt slump. The smallest decline of -5.6% was in 2021.

Top Export Markets for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented from Bahrain in 2022:

1. India (149.8 tons)

Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Bahrain

In 2022, the amount of steel, alloy imported into Bahrain surged to 938 kg, jumping by 45% on the previous year's figure. Overall, imports, however, saw a dramatic curtailment. The growth pace was the most rapid in 2021 when imports increased by 140% against the previous year.

In value terms, imports of steel, alloy soared to $5.2K in 2022. In general, imports, however, recorded a dramatic curtailment. The growth pace was the most rapid in 2021 with an increase of 238% against the previous year.

Top Suppliers of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented to Bahrain in 2022:

1. Belgium (540.0 kg)
2. United Arab Emirates (384.0 kg)

Source: IndexBox Market Intelligence Platform