Bahrain: Miscellaneous Ferro-Alloys Market 2024

Miscellaneous Ferro-Alloys Market Size in Bahrain

The Bahraini miscellaneous ferro-alloys market declined to $X in 2023, falling by X% against the previous year. Overall, the total consumption indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2016 to 2023, the growth of the market failed to regain momentum.

Miscellaneous Ferro-Alloys Production in Bahrain

In value terms, miscellaneous ferro-alloys production contracted to $X in 2023 estimated in export price. Over the period under review, production, however, enjoyed measured growth. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2023, production growth remained at a lower figure.

Miscellaneous Ferro-Alloys Exports

Exports from Bahrain

In 2017, the amount of miscellaneous ferro-alloys exported from Bahrain declined significantly to X kg, which is down by X% against 2016. Overall, exports showed a sharp decrease. The pace of growth appeared the most rapid in 2015 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2016 to 2017, the growth of the exports remained at a somewhat lower figure.

In value terms, miscellaneous ferro-alloys exports shrank rapidly to $X in 2017. In general, exports showed a precipitous shrinkage. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports reached the peak of $X. From 2016 to 2017, the growth of the exports remained at a lower figure.

Exports by Country

Kuwait (X kg) was the main destination for miscellaneous ferro-alloys exports from Bahrain, accounting for a approx. X% share of total exports.

From 2013 to 2017, the average annual rate of growth in terms of volume to Kuwait was relatively modest.

In value terms, Kuwait ($X) emerged as the key foreign market for miscellaneous ferro-alloys exports from Bahrain.

From 2013 to 2017, the average annual rate of growth in terms of value to Kuwait was relatively modest.

Export Prices by Country

The average miscellaneous ferro-alloys export price stood at $X per ton in 2017, jumping by X% against the previous year. In general, the export price posted a significant increase. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2017, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Kuwait.

From 2013 to 2017, the rate of growth in terms of prices for Saudi Arabia amounted to X% per year.

Miscellaneous Ferro-Alloys Imports

Imports into Bahrain

Miscellaneous ferro-alloys imports into Bahrain totaled X tons in 2023, remaining constant against the year before. Over the period under review, imports showed a measured expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, miscellaneous ferro-alloys imports shrank remarkably to $X in 2023. Overall, imports recorded a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports hit record highs at $X in 2022, and then fell dramatically in the following year.

Imports by Country

In 2023, India (X tons) constituted the largest miscellaneous ferro-alloys supplier to Bahrain, with a X% share of total imports. Moreover, miscellaneous ferro-alloys imports from India exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold. The UK (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and the UK (X% per year).

In value terms, China ($X), India ($X) and Brazil ($X) were the largest miscellaneous ferro-alloys suppliers to Bahrain, together comprising X% of total imports. The United Arab Emirates, South Africa, the Czech Republic, the UK and Italy lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the United Arab Emirates, with a CAGR of X%, saw 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 miscellaneous ferro-alloys import price stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the import price, however, showed prominent growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

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