Bahrain: Market for Machines For Preparing, Weaving And Knitting Textiles 2024

Market Size for Machines For Preparing, Weaving And Knitting Textiles in Bahrain

The Bahraini market for machines for preparing, weaving and knitting textiles soared to $X in 2023, picking up by X% against the previous year. In general, consumption, however, recorded a noticeable descent. As a result, consumption attained the peak level of $X. From 2017 to 2023, the growth of the market remained at a lower figure.

Production of Machines For Preparing, Weaving And Knitting Textiles in Bahrain

In value terms, textile weaving and knitting machinery production reduced slightly to $X in 2023 estimated in export price. Over the period under review, production, however, saw significant growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Bahrain

In 2023, exports of machines for preparing, weaving and knitting textiles from Bahrain dropped to X units, waning by X% against the year before. In general, exports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, textile weaving and knitting machinery exports amounted to $X in 2023. Overall, exports, however, posted a strong increase. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Pakistan (X units), Saudi Arabia (X units) and Turkey (X units) were the main destinations of textile weaving and knitting machinery exports from Bahrain, together comprising X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Pakistan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the key foreign market for machines for preparing, weaving and knitting textiles exports from Bahrain, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (X% per year) and India (X% per year).

Export Prices by Country

The average export price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2023, rising by X% against the previous year. In general, the export price posted a temperate increase. The growth pace was the most rapid in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2021; however, from 2022 to 2023, 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 Turkey ($X per unit), while the average price for exports to Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports into Bahrain

Textile weaving and knitting machinery imports into Bahrain skyrocketed to X units in 2023, jumping by X% compared with the previous year's figure. Overall, imports, however, continue to indicate a abrupt contraction. Imports peaked at X units in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

In value terms, textile weaving and knitting machinery imports soared to $X in 2023. In general, imports, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, China (X units) constituted the largest supplier of textile weaving and knitting machinery to Bahrain, accounting for a X% share of total imports. Moreover, textile weaving and knitting machinery imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. Egypt (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Egypt (X% per year).

In value terms, the largest textile weaving and knitting machinery suppliers to Bahrain were Japan ($X), Belgium ($X) and China ($X), with a combined X% share of total imports. Turkey, Italy, Taiwan (Chinese), Germany, Vietnam, Switzerland, the UK, Egypt and India lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Egypt, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average import price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2023, with a decrease of X% against the previous year. Overall, the import price, however, continues to indicate perceptible growth. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Egypt ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform