Bahrain: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Bahrain

The Bahraini grinding and sharpening machine market surged to $X in 2022, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a significant increase. Grinding and sharpening machine consumption peaked in 2022 and is likely to see steady growth in the near future.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from Bahrain

In 2022, approx. X units of grinding and sharpening metal finishing machines were exported from Bahrain; with a decrease of X% compared with 2021. In general, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of X units, and then shrank notably in the following year.

In value terms, grinding and sharpening machine exports declined dramatically to $X in 2022. Overall, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units), Saudi Arabia (X units) and Qatar (X units) were the main destinations of grinding and sharpening machine exports from Bahrain, with a combined X% share of total exports. Oman and Sweden lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grinding and sharpening machine exported from Bahrain were Sweden ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together accounting for X% of total exports. Qatar and Oman lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The average grinding and sharpening machine export price stood at $X per unit in 2022, reducing by X% against the previous year. In general, the export price recorded a sharp shrinkage. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Qatar ($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 UK (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into Bahrain

In 2022, imports of grinding and sharpening metal finishing machines into Bahrain skyrocketed to X units, picking up by X% on 2021. In general, imports posted significant growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, grinding and sharpening machine imports soared to $X in 2022. Over the period under review, imports, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest grinding and sharpening machine supplier to Bahrain, accounting for a X% share of total imports. Moreover, grinding and sharpening machine imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), sixfold. India (X units) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of grinding and sharpening metal finishing machines to Bahrain, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

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

Import Prices by Country

In 2022, the average grinding and sharpening machine import price amounted to $X per unit, declining by X% against the previous year. In general, the import price continues to indicate a dramatic downturn. The pace of growth was the most pronounced in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 ($X per unit), while the price for China ($X per unit) 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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