Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Bahrain - 2022

Contents:

1. Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Bahrain (CIF) - 2022
2. Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Bahrain (FOB) - 2022
3. Imports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Bahrain
4. Exports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Bahrain

Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Bahrain (CIF) - 2022

In 2022, the average import price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves amounted to $40,026 per ton, increasing by 14% against the previous year. Overall, the import price, however, showed a slight decrease. The pace of growth was the most pronounced in 2013 an increase of 49%. As a result, import price attained the peak level of $68,878 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 Thailand ($181,935 per ton), while the price for Pakistan ($5,813 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+27.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Bahrain (FOB) - 2022

The average export price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves stood at $7,019,200 per ton in 2022, growing by 311% against the previous year. Overall, the export price saw significant growth. The pace of growth appeared the most rapid in 2020 an increase of 3,013% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($30,150,000 per ton), while the average price for exports to the United Arab Emirates ($144,000 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+70.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Bahrain

In 2022, after three years of growth, there was significant decline in overseas purchases of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves, when their volume decreased by -10.1% to 28 tons. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 71% against the previous year. As a result, imports attained the peak of 31 tons, and then declined in the following year.

In value terms, imports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves reached $1.1M in 2022. In general, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 98%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.

Top Suppliers of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of to Bahrain in 2022:

1. France (11.9 tons)
2. China (11.2 tons)
3. Italy (1.9 tons)
4. Thailand (1.1 tons)
5. Pakistan (0.5 tons)
6. India (0.5 tons)

Exports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Bahrain

In 2022, the amount of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves exported from Bahrain reduced remarkably to 5 kg, waning by -44.4% against the previous year. Overall, exports faced a sharp descent.

In value terms, exports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves skyrocketed to $35K in 2022. Over the period under review, exports, however, showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of from Bahrain in 2022:

1. United Arab Emirates (1.0 kg)
2. Saudi Arabia (1.0 kg)
3. France (1.0 kg)
4. Italy (1.0 kg)
5. Kuwait (1.0 kg)

Source: IndexBox Market Intelligence Platform