Bahrain: Aluminium Bar Market 2024

Aluminium Bar Market Size in Bahrain

The Bahraini aluminium bar market dropped sharply to $X in 2022, declining by X% against the previous year. Over the period under review, consumption showed a slight decline. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Aluminium Bar Production in Bahrain

In value terms, aluminium bar production contracted modestly to $X in 2022 estimated in export price. In general, production recorded a dramatic decrease. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Aluminium Bar Exports

Exports from Bahrain

In 2022, overseas shipments of aluminium bars, rods and profiles increased by X% to X tons, rising for the third consecutive year after six years of decline. Over the period under review, exports, however, faced a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, aluminium bar exports skyrocketed to $X in 2022. Overall, exports, however, showed a sharp decrease. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for aluminium bar exports from Bahrain, with a X% share of total exports. Moreover, aluminium bar exports to Saudi Arabia exceeded the volume sent to the second major destination, Kuwait (X tons), threefold. The third position in this ranking was held by Spain (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and Spain (X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for aluminium bars, rods and profiles exports from Bahrain, comprising X% of total exports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total exports. It was followed by Spain, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the average aluminium bar export price amounted to $X per ton, rising by X% against the previous year. In general, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium bar export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

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

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

Aluminium Bar Imports

Imports into Bahrain

In 2022, imports of aluminium bars, rods and profiles into Bahrain dropped sharply to X tons, reducing by X% compared with the previous year. Over the period under review, imports recorded a deep downturn. The growth pace was the most rapid in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, aluminium bar imports contracted to $X in 2022. In general, imports saw a noticeable contraction. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tons), China (X tons) and the United Arab Emirates (X tons) were the main suppliers of aluminium bar imports to Bahrain, together comprising X% of total imports. Kuwait, Oman and Canada 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 Kuwait (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium bar suppliers to Bahrain were Saudi Arabia ($X), China ($X) and the United Arab Emirates ($X), together comprising X% of total imports.

Among the main suppliers, China, 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 aluminium bar import price amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Canada ($X per ton) and the United Arab Emirates ($X per ton), while the price for Kuwait ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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