Bahrain: Copper Wire Market 2024

Copper Wire Market Size in Bahrain

The Bahraini copper wire market expanded rapidly to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Copper Wire Production in Bahrain

In value terms, copper wire production rose markedly to $X in 2022 estimated in export price. Over the period under review, production enjoyed noticeable growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Copper wire production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Copper Wire Exports

Exports from Bahrain

In 2022, after six years of growth, there was significant decline in shipments abroad of copper wire, when their volume decreased by X% to X tons. Over the period under review, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at X tons in 2021, and then contracted dramatically in the following year.

In value terms, copper wire exports dropped markedly to $X in 2022. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for copper wire exports from Bahrain, accounting for a X% share of total exports. It was followed by the United Arab Emirates (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

In value terms, India ($X) remains the key foreign market for copper wire exports from Bahrain, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2022, the average copper wire export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price recorded a deep slump. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 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 the United Arab Emirates ($X per ton), while the average price for exports to India ($X 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 (X%), while the prices for the other major destinations experienced a decline.

Copper Wire Imports

Imports into Bahrain

In 2022, purchases abroad of copper wire increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, saw a noticeable curtailment. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, copper wire imports reduced to $X in 2022. Overall, imports, however, showed a mild reduction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Kuwait (X tons), the United Arab Emirates (X tons) and India (X kg) were the main suppliers of copper wire imports to Bahrain, with a combined X% share of total imports.

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

In value terms, the United Arab Emirates ($X), Kuwait ($X) and India ($X) were the largest copper wire suppliers to Bahrain, together accounting for X% of total imports.

The United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average copper wire import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then declined markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Kuwait ($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

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