Bahrain: Aluminium Tube Market 2024

Aluminium Tube Market Size in Bahrain

In 2022, the Bahraini aluminium tube market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, showed a buoyant increase. As a result, consumption attained the peak level of $X, and then declined in the following year.

Aluminium Tube Production in Bahrain

In value terms, aluminium tube production declined to $X in 2022 estimated in export price. Over the period under review, production, however, showed a prominent increase. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Aluminium Tube Exports

Exports from Bahrain

In 2022, overseas shipments of aluminium tubes, pipes and tube or pipe fittings were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, aluminium tube exports soared to $X in 2022. Overall, exports saw a buoyant expansion. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Oman (X tons) was the main destination for aluminium tube exports from Bahrain, accounting for a X% share of total exports. Moreover, aluminium tube exports to Oman exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. India (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, the largest markets for aluminium tube exported from Bahrain were Oman ($X), the United Arab Emirates ($X) and India ($X), with a combined X% share of total exports.

India, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average aluminium tube export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price saw a resilient increase. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Saudi Arabia ($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 India (X%), while the prices for the other major destinations experienced mixed trend patterns.

Aluminium Tube Imports

Imports into Bahrain

In 2022, the amount of aluminium tubes, pipes and tube or pipe fittings imported into Bahrain reduced to X tons, which is down by X% on 2021 figures. Overall, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, aluminium tube imports declined notably to $X in 2022. Over the period under review, imports recorded a noticeable setback. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Italy (X tons) and Turkey (X tons) were the main suppliers of aluminium tube imports to Bahrain, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest aluminium tube suppliers to Bahrain were Italy ($X), China ($X) and Turkey ($X), together comprising X% of total imports.

China, 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

In 2022, the average aluminium tube import price amounted to $X per ton, waning by X% against the previous year. Overall, the import price showed a slight descent. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then fell remarkably in the following year.

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