Bahrain: Jewelry Market 2024

Jewelry Market Size in Bahrain

The Bahraini jewelry market surged to $X in 2022, rising by X% against the previous year. Over the period under review, consumption continues to indicate a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Jewelry Production in Bahrain

In value terms, jewelry production totaled $X in 2022 estimated in export price. Overall, production, however, recorded a precipitous curtailment. The pace of growth appeared the most rapid in 2020 with a decrease of X% against the previous year. Jewelry production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Jewelry Exports

Exports from Bahrain

Jewelry exports from Bahrain soared to X tons in 2022, increasing by X% on 2021. Overall, exports enjoyed a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, jewelry exports surged to $X in 2022. In general, exports enjoyed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) was the main destination for jewelry exports from Bahrain, accounting for a X% share of total exports. Moreover, jewelry exports to the United Arab Emirates exceeded the volume sent to the second major destination, Kuwait (X kg), fourfold. The United States (X kg) ranked third in terms of total exports with a X% share.

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

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

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

Export Prices by Country

In 2022, the average jewelry export price amounted to $X per kg, declining by X% against the previous year. Over the period under review, the export price, however, showed a measured expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked at $X per kg in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per kg), while the average price for exports to Kuwait ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (X%), while the prices for the other major destinations experienced more modest paces of growth.

Jewelry Imports

Imports into Bahrain

After three years of growth, supplies from abroad of jewelry decreased by X% to X tons in 2022. In general, imports saw a pronounced decrease. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, jewelry imports rose slightly to $X in 2022. Over the period under review, imports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main jewelry supplier to Bahrain, with a X% share of total imports. Moreover, jewelry imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the United Arab Emirates ($X) constituted the largest supplier of jewelry to Bahrain, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average jewelry import price amounted to $X per kg, rising by X% against the previous year. In general, the import price recorded prominent growth. The most prominent rate of growth was recorded in 2016 an increase of X%. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per kg), while the price for China ($X per kg) was amongst the lowest.

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

Source: IndexBox Platform

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