Bahrain: Market for Instrument Panel And Wall Clocks 2024

Market Size for Instrument Panel And Wall Clocks in Bahrain

In 2020, the Bahraini market for instrument panel and wall clocks decreased by X% to $X for the first time since 2014, thus ending a five-year rising trend. In general, the total consumption indicated a moderate increase from 2012 to 2020: its value increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Instrument panel and wall clock consumption peaked at $X in 2019, and then dropped dramatically in the following year.

Production of Instrument Panel And Wall Clocks in Bahrain

In value terms, instrument panel and wall clock production shrank significantly to $X in 2020 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Instrument panel and wall clock production peaked at $X in 2018; however, from 2019 to 2020, production stood at a somewhat lower figure.

Exports of Instrument Panel And Wall Clocks

Exports from Bahrain

In 2020, overseas shipments of instrument panel and wall clocks were finally on the rise to reach X units after three years of decline. Overall, exports, however, saw a slight slump. The exports peaked at X units in 2016; however, from 2017 to 2020, the exports remained at a lower figure.

In value terms, instrument panel and wall clock exports shrank to $X in 2020. In general, exports, however, continue to indicate a pronounced descent. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2020, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X units) was the main destination for instrument panel and wall clock exports from Bahrain, with a X% share of total exports. Moreover, instrument panel and wall clock exports to Saudi Arabia exceeded the volume sent to the second major destination, Kuwait (X units), fourfold. The United Arab Emirates (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2020, the average annual growth rate of volume to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and the United Arab Emirates (X% per year).

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X) appeared to be the largest markets for instrument panel and wall clock exported from Bahrain worldwide, together comprising X% of total exports.

Kuwait, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for instrument panel and wall clocks stood at $X per unit in 2020, with a decrease of X% against the previous year. Over the period under review, the export price saw a slight decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019, and then dropped dramatically in the following year.

There were significant differences in the average prices for the major overseas markets. In 2020, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Ethiopia (less than $X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced a decline.

Imports of Instrument Panel And Wall Clocks

Imports into Bahrain

After four years of growth, purchases abroad of instrument panel and wall clocks decreased by X% to X units in 2020. Over the period under review, imports saw a noticeable descent. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then dropped dramatically in the following year.

In value terms, instrument panel and wall clock imports declined significantly to $X in 2020. In general, total imports indicated a noticeable increase from 2012 to 2020: its value increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2019, and then plummeted in the following year.

Imports by Country

China (X units), the United Arab Emirates (X units) and India (X units) were the main suppliers of instrument panel and wall clock imports to Bahrain, with a combined X% share of total imports. Hong Kong SAR and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2020, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), China ($X) and Hong Kong SAR ($X) constituted the largest instrument panel and wall clock suppliers to Bahrain, with a combined X% share of total imports. Germany and India lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2020, the average import price for instrument panel and wall clocks amounted to $X per unit, increasing by X% against the previous year. Over the last eight-year period, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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