Bahrain: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in Bahrain

In 2022, the Bahraini pressure-reducing iron valve market decreased by X% to $X, falling for the fourth year in a row after four years of growth. Overall, consumption recorded a noticeable descent. Pressure-reducing iron valve consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Pressure-Reducing Iron Valve Production in Bahrain

In value terms, pressure-reducing iron valve production soared to $X in 2022 estimated in export price. In general, production posted a significant increase. The growth pace was the most rapid in 2016 when the production volume increased by X%. Pressure-reducing iron valve production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Pressure-Reducing Iron Valve Exports

Exports from Bahrain

In 2022, approx. X units of pressure-reducing, control, check and safety valves were exported from Bahrain; jumping by X% against the previous year's figure. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, pressure-reducing iron valve exports rose modestly to $X in 2022. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X units) was the main destination for pressure-reducing iron valve exports from Bahrain, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia stood at X%.

In value terms, Saudi Arabia ($X) also remains the key foreign market for pressure-reducing, control, check and safety valves exports from Bahrain.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia amounted to X%.

Export Prices by Country

The average pressure-reducing iron valve export price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, 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 Saudi Arabia.

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to X% per year.

Pressure-Reducing Iron Valve Imports

Imports into Bahrain

In 2022, purchases abroad of pressure-reducing, control, check and safety valves increased by X% to X units, rising for the second consecutive year after three years of decline. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, pressure-reducing iron valve imports soared to $X in 2022. Over the period under review, imports showed a buoyant expansion. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X units), the UK (X units) and India (X units) were the main suppliers of pressure-reducing iron valve imports to Bahrain, with a combined X% share of total imports. Finland, Malaysia, the Netherlands, Singapore, Denmark, Italy, the United States, Romania, Germany and the Czech Republic lagged somewhat behind, together accounting for a further X%.

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

In value terms, India ($X), the UK ($X) and Finland ($X) appeared to be the largest pressure-reducing iron valve suppliers to Bahrain, together accounting for X% of total imports. The Czech Republic, Singapore, the United States, Romania, China, Germany, Malaysia, Italy, Denmark and the Netherlands lagged somewhat behind, together comprising a further X%.

Romania, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pressure-reducing iron valve import price stood at $X per unit in 2022, growing by X% against the previous year. In general, the import price saw a prominent expansion. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 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 the Czech Republic ($X per unit), while the price for China ($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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