Price for Steel, Alloy; Ingots and Other Primary Forms in Bahrain - 2022
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Bahrain (CIF) - 2022
- Price for Steel, Alloy; Ingots and Other Primary Forms in Bahrain (FOB) - 2022
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Bahrain
- Exports of Steel, Alloy; Ingots and Other Primary Forms in Bahrain
Price for Steel, Alloy; Ingots and Other Primary Forms in Bahrain (CIF) - 2022
In 2022, the average import price for steel, alloy; ingots and other primary formses amounted to $3,558 per ton, growing by 37% against the previous year. Over the period under review, the import price saw a buoyant increase. The growth pace was the most rapid in 2021 an increase of 64% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($32,735 per ton), while the price for Saudi Arabia ($3,410 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+34.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Ingots and Other Primary Forms in Bahrain (FOB) - 2022
The average export price for steel, alloy; ingots and other primary formses stood at $1,104 per ton in 2022, jumping by 36% against the previous year. Over the period under review, the export price, however, saw a abrupt contraction. Over the period under review, the average export prices hit record highs at $4,179 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($1,353 per ton), while the average price for exports to Saudi Arabia stood at $1,015 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+6.9%).
Imports of Steel, Alloy; Ingots and Other Primary Forms in Bahrain
In 2022, the amount of steel, alloy; ingots and other primary formses imported into Bahrain surged to 7.2 tons, rising by 38% on 2021. Over the period under review, imports, however, saw a significant decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 481% against the previous year.
In value terms, imports of steel, alloy; ingots and other primary formses soared to $26K in 2022. In general, imports, however, showed a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 851% against the previous year.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 66.7 | 1.4 | 13.1 | 24.5 | -28.4% |
| Others | 4.4 | N/A | 0.5 | 1.3 | -33.4% |
| Total | 71.1 | 1.4 | 13.6 | 25.8 | -28.7% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Bahrain in 2022:
- Saudi Arabia (7.2 tons)
Exports of Steel, Alloy; Ingots and Other Primary Forms in Bahrain
Exports of steel, alloy; ingots and other primary formses from Bahrain surged to 14 tons in 2022, jumping by 942% against the year before. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel, alloy; ingots and other primary formses soared to $16K in 2022. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Steel, Alloy; Ingots and Other Primary Forms in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 0.7 | 0.6 | 0.4 | 10.6 | 147.4% |
| United Arab Emirates | 0.4 | 0.5 | 0.7 | 5.1 | 133.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.1 | 1.1 | 1.1 | 15.7 | 142.6% |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from Bahrain in 2022:
- Saudi Arabia (10.5 tons)
- United Arab Emirates (3.8 tons)
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