Bahrain: Special Vehicle Body Market 2024

Special Vehicle Body Market Size in Bahrain

In 2022, the Bahraini special vehicle body market was finally on the rise to reach $X after two years of decline. In general, consumption, however, faced a abrupt downturn. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Special Vehicle Body Production in Bahrain

In value terms, special vehicle body production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Special Vehicle Body Exports

Exports from Bahrain

In 2022, after two years of growth, there was significant decline in shipments abroad of bodies for special purpose motor vehicles, when their volume decreased by X% to X units. Overall, exports faced a sharp descent. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, special vehicle body exports declined remarkably to $X in 2022. Over the period under review, exports continue to indicate a dramatic downturn. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units), Saudi Arabia (X units) and Yemen (X units) were the main destinations of special vehicle body exports from Bahrain. Moreover, special vehicle body exports in the United Arab Emirates exceeded the figures recorded by the second-largest exporter, Saudi Arabia, twofold.

From 2012 to 2022, the biggest increases were recorded for Yemen (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Yemen ($X) constituted the largest markets for special vehicle body exported from Bahrain worldwide.

Among the main countries of destination, Yemen, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average special vehicle body export price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price showed a deep reduction. The pace of growth appeared the most rapid in 2017 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average 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 ($X per unit), while the average price for exports to Yemen ($X per unit) 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 (X%), while the prices for the other major destinations experienced a decline.

Special Vehicle Body Imports

Imports into Bahrain

In 2022, special vehicle body imports into Bahrain soared to X units, growing by X% compared with 2021. Over the period under review, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, special vehicle body imports skyrocketed to $X in 2022. Overall, imports, however, saw a deep reduction. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest special vehicle body supplier to Bahrain, with a X% share of total imports. Moreover, special vehicle body imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X units), fourfold. The third position in this ranking was taken by the United Arab Emirates (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

In value terms, China ($X), the UK ($X) and the United Arab Emirates ($X) were the largest special vehicle body suppliers to Bahrain, with a combined X% share of total imports. Saudi Arabia, France, Germany and Japan lagged somewhat behind, together accounting for a further X%.

France, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average special vehicle body import price amounted to $X per unit, growing by X% against the previous year. In general, the import price enjoyed a remarkable increase. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood 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 the UK ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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