Bahrain: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in Bahrain

The Bahraini stainless steel angle market reduced remarkably to $X in 2022, shrinking by X% against the previous year. In general, consumption faced a dramatic decrease. Stainless steel angle consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Stainless Steel Angle Production in Bahrain

In value terms, stainless steel angle production skyrocketed to $X in 2022 estimated in export price. Overall, production showed significant growth. The growth pace was the most rapid in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Stainless Steel Angle Exports

Exports from Bahrain

In 2022, exports of angles, shapes and sections of stainless steel or other alloy steel from Bahrain skyrocketed to X tons, growing by X% compared with 2021. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, stainless steel angle exports soared to $X in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

South Korea (X tons) was the main destination for stainless steel angle exports from Bahrain, with a X% share of total exports. Moreover, stainless steel angle exports to South Korea exceeded the volume sent to the second major destination, Sri Lanka (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to South Korea amounted to X%.

In value terms, South Korea ($X) remains the key foreign market for angles, shapes and sections of stainless steel or other alloy steel exports from Bahrain, comprising X% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to South Korea stood at X%.

Export Prices by Country

The average stainless steel angle export price stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the export price, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to South Korea amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (X%).

Stainless Steel Angle Imports

Imports into Bahrain

For the third consecutive year, Bahrain recorded decline in overseas purchases of angles, shapes and sections of stainless steel or other alloy steel, which decreased by X% to X tons in 2022. Overall, imports saw a drastic downturn. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, stainless steel angle imports totaled $X in 2022. Over the period under review, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest stainless steel angle supplier to Bahrain, with a X% share of total imports. Moreover, stainless steel angle imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, China (X tons), tenfold. Turkey (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Saudi Arabia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Turkey (X% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of angles, shapes and sections of stainless steel or other alloy steel to Bahrain, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Saudi Arabia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Turkey (X% per year).

Import Prices by Country

The average stainless steel angle import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price posted a modest increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 India ($X per ton), while the price for Cyprus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :