Price for Wood; Posts and Beams in Bahrain - 2022

Contents:

1. Price for Wood; Posts and Beams in Bahrain (CIF) - 2022
2. Price for Wood; Posts and Beams in Bahrain (FOB) - 2022
3. Imports of Wood; Posts and Beams in Bahrain
4. Exports of Wood; Posts and Beams in Bahrain

Price for Wood; Posts and Beams in Bahrain (CIF) - 2022

The average wood; posts and beams import price stood at $885 per ton in 2022, with an increase of 3% against the previous year. Overall, the import price, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 31% against the previous year. As a result, import price reached the peak level of $1,656 per ton. From 2018 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 Italy ($4,141 per ton), while the price for Saudi Arabia ($94 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+79.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Wood; Posts and Beams in Bahrain (FOB) - 2022

The average wood; posts and beams export price stood at $1,255 per ton in 2022, rising by 11% against the previous year. Over the period under review, the export price, however, recorded a slight slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 364%. The export price peaked at $2,387 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($3,372 per ton), while the average price for exports to Qatar ($268 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+13.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wood; Posts and Beams in Bahrain

In 2022, overseas purchases of wood; posts and beamses decreased by -14.5% to 6.2 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 71% against the previous year. As a result, imports reached the peak of 7.2 tons, and then fell in the following year.

In value terms, wood; posts and beams imports contracted to $5.5K in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 31% against the previous year. As a result, imports reached the peak of $6.2K, and then shrank in the following year.

Top Suppliers of Wood; Posts and Beams to Bahrain in 2022:

1. Belgium (1.6 tons)
2. Saudi Arabia (1.3 tons)
3. United Arab Emirates (1.1 tons)
4. China (1.1 tons)
5. Italy (1.0 tons)

Exports of Wood; Posts and Beams in Bahrain

After two years of decline, shipments abroad of wood; posts and beamses increased by 128% to 5.5 tons in 2022. In general, exports, however, continue to indicate a sharp descent.

In value terms, wood; posts and beams exports skyrocketed to $7K in 2022. Overall, exports, however, continue to indicate a dramatic shrinkage.

Top Export Markets for Wood; Posts and Beams from Bahrain in 2022:

1. Qatar (3.0 tons)
2. United Arab Emirates (2.0 tons)
3. Saudi Arabia (0.5 tons)

Source: IndexBox Market Intelligence Platform