Price for Textiles; Worn Clothing and Other Worn Articles in Bahrain - 2022

Contents:

1. Price for Textiles; Worn Clothing and Other Worn Articles in Bahrain (FOB) - 2022
2. Price for Textiles; Worn Clothing and Other Worn Articles in Bahrain (CIF) - 2022
3. Exports of Textiles; Worn Clothing and Other Worn Articles in Bahrain
4. Imports of Textiles; Worn Clothing and Other Worn Articles in Bahrain

Price for Textiles; Worn Clothing and Other Worn Articles in Bahrain (FOB) - 2022

In December 2022, the average export price for textiles; worn clothing and other worn articleses amounted to $802 per ton, rising by 6.5% against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2022 when the average export price increased by 10% m-o-m. Over the period under review, the average export prices hit record highs in December 2022.

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

From December 2021 to December 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +0.0% per month.

Price for Textiles; Worn Clothing and Other Worn Articles in Bahrain (CIF) - 2022

The average import price for textiles; worn clothing and other worn articleses stood at $1,308 per ton in 2022, falling by -39.8% against the previous year. Overall, the import price saw a pronounced setback. The growth pace was the most rapid in 2017 an increase of 50% against the previous year. The import price peaked at $3,353 per ton in 2019; however, from 2020 to 2022, import prices remained at a 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 China ($2,389 per ton), while the price for South Korea ($467 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Textiles; Worn Clothing and Other Worn Articles in Bahrain

After two years of decline, shipments abroad of textiles; worn clothing and other worn articleses increased by 3% to 3K tons in 2022. In general, exports, however, showed a deep setback.

In value terms, exports of textiles; worn clothing and other worn articleses soared to $2.2M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from Bahrain in 2022:

1. United Arab Emirates (2933.4 tons)
2. Pakistan (16.8 tons)

Imports of Textiles; Worn Clothing and Other Worn Articles in Bahrain

In 2022, imports of textiles; worn clothing and other worn articleses into Bahrain surged to 13 tons, picking up by 78% against the previous year's figure. In general, imports, however, continue to indicate a deep slump.

In value terms, imports of textiles; worn clothing and other worn articleses expanded rapidly to $17K in 2022. Over the period under review, imports, however, faced a precipitous setback.

Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to Bahrain in 2022:

1. United States (4.9 tons)
2. Belgium (3.8 tons)
3. Germany (1.9 tons)
4. United Arab Emirates (0.8 tons)
5. South Korea (0.8 tons)
6. Australia (0.6 tons)
7. China (0.1 tons)

Source: IndexBox Market Intelligence Platform