Bahrain: Market for Hydraulic Cylinders And Systems 2024

Market Size for Hydraulic Cylinders And Systems in Bahrain

The Bahraini hydraulic cylinder and system market dropped markedly to $X in 2022, which is down by X% against the previous year. In general, consumption, however, continues to indicate a strong increase. Hydraulic cylinder and system consumption peaked at $X in 2021, and then reduced rapidly in the following year.

Production of Hydraulic Cylinders And Systems in Bahrain

In value terms, hydraulic cylinder and system production reduced sharply to $X in 2022 estimated in export price. In general, production, however, continues to indicate resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. Hydraulic cylinder and system production peaked at $X in 2021, and then contracted notably in the following year.

Exports of Hydraulic Cylinders And Systems

Exports from Bahrain

In 2022, the amount of hydraulic cylinders and systems exported from Bahrain shrank markedly to X units, with a decrease of X% on 2021. Overall, exports showed a sharp decrease. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, hydraulic cylinder and system exports shrank dramatically to $X in 2022. In general, exports faced a dramatic descent. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X units) was the main destination for hydraulic cylinder and system exports from Bahrain, with a X% share of total exports. Moreover, hydraulic cylinder and system exports to Saudi Arabia exceeded the volume sent to the second major destination, Switzerland (X units), sevenfold. Germany (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and Germany (X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for hydraulic cylinders and systems exports from Bahrain, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with an X% share.

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

Export Prices by Country

The average hydraulic cylinder and system export price stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit, and then shrank significantly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Switzerland ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydraulic Cylinders And Systems

Imports into Bahrain

In 2022, after three years of decline, there was significant growth in overseas purchases of hydraulic cylinders and systems, when their volume increased by X% to X units. In general, imports, however, saw a sharp setback. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, hydraulic cylinder and system imports contracted modestly to $X in 2022. Over the period under review, imports, however, recorded a drastic downturn. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), India (X units) and Germany (X units) were the main suppliers of hydraulic cylinder and system imports to Bahrain, with a combined X% share of total imports. The UK, Switzerland, the United States, the Netherlands and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hydraulic cylinder and system suppliers to Bahrain were the UK ($X), Germany ($X) and Switzerland ($X), together comprising X% of total imports.

In terms of the main suppliers, the UK, with a CAGR of X%, saw 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 2022, the average hydraulic cylinder and system import price amounted to $X per unit, which is down by X% against the previous year. In general, the import price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then reduced rapidly in the following year.

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 United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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