Price for Steel, Alloy; Angles, Shapes and Sections in Bahrain - 2022

Contents:

  1. Price for Steel, Alloy; Angles, Shapes and Sections in Bahrain (CIF) - 2022
  2. Imports of Steel, Alloy; Angles, Shapes and Sections in Bahrain

Price for Steel, Alloy; Angles, Shapes and Sections in Bahrain (CIF) - 2022

The average import price for steel, alloy; angles, shapes and sectionses stood at $1,532 per ton in 2022, jumping by 105% against the previous year. Over the period under review, the import price continues to indicate a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($1,748 per ton), while the price for Cyprus ($693 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Steel, Alloy; Angles, Shapes and Sections in Bahrain

In 2022, supplies from abroad of steel, alloy; angles, shapes and sectionses decreased by -13.3% to 45 tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a significant contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 4.1% against the previous year. As a result, imports reached the peak of 522 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of steel, alloy; angles, shapes and sectionses rose rapidly to $68K in 2022. In general, imports saw a sharp slump.

Import of Steel, Alloy; Angles, Shapes and Sections in Bahrain (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China31627642.261.0-42.2%
Turkey0.21.0N/A3.1149.3%
United StatesN/A12.818.31.5-65.8%
Free ZonesN/AN/AN/A1.20%
CyprusN/AN/AN/A0.60%
Saudi Arabia13.02.0N/A0.2-75.1%
Others6.34.00.50.6-54.3%
Total33629661.068.3-41.2%

Top Suppliers of Steel, Alloy; Angles, Shapes and Sections to Bahrain in 2022:

  1. China (39.2 tons)
  2. Turkey (1.8 tons)
  3. Free Zones (1.2 tons)
  4. United States (1.1 tons)
  5. Cyprus (0.9 tons)
  6. Saudi Arabia (0.1 tons)

Source: IndexBox Market Intelligence Platform

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