Price for Tools, Hand; Other than Household Tools in Bahrain - 2022
Contents:
- Price for Tools, Hand; Other than Household Tools in Bahrain (CIF) - 2022
- Price for Tools, Hand; Other than Household Tools in Bahrain (FOB) - 2022
- Imports of Tools, Hand; Other than Household Tools in Bahrain
- Exports of Tools, Hand; Other than Household Tools in Bahrain
Price for Tools, Hand; Other than Household Tools in Bahrain (CIF) - 2022
The average import price for tools, hand; other than household toolses stood at $4,975 per ton in 2022, which is down by -14.4% against the previous year. Over the period under review, the import price showed a mild decrease. The most prominent rate of growth was recorded in 2014 an increase of 62%. The import price peaked at $9,392 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
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 United States ($52,847 per ton), while the price for China ($2,498 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 States (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools, Hand; Other than Household Tools in Bahrain (FOB) - 2022
In 2022, the average export price for tools, hand; other than household toolses amounted to $16,724 per ton, picking up by 19% against the previous year. Over the period under review, the export price posted a significant increase. The pace of growth appeared the most rapid in 2014 an increase of 204% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($56,398 per ton), while the average price for exports to Sudan ($2,206 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 the United Arab Emirates (+22.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools, Hand; Other than Household Tools in Bahrain
In 2022, the amount of tools, hand; other than household toolses imported into Bahrain rose markedly to 313 tons, with an increase of 6.7% against 2021 figures. The total import volume increased at an average annual rate of +9.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 42%. As a result, imports reached the peak of 335 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of tools, hand; other than household toolses shrank to $1.6M in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 21% against the previous year. As a result, imports attained the peak of $1.9M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Tools, Hand; Other than Household Tools in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 321 | 584 | 484 | 619 | 24.5% |
| Germany | 82.9 | 131 | 110 | 145 | 20.5% |
| Taiwan (Chinese) | 32.3 | 58.3 | 68.8 | 97.7 | 44.6% |
| India | 63.6 | 20.1 | 53.2 | 41.0 | -13.6% |
| Italy | 93.6 | 54.6 | 35.9 | 40.0 | -24.7% |
| Japan | 87.8 | 39.5 | 50.1 | 23.0 | -36.0% |
| United Arab Emirates | 241 | 277 | 285 | 16.7 | -58.9% |
| Others | 651 | 742 | 617 | 574 | -4.1% |
| Total | 1,573 | 1,905 | 1,704 | 1,557 | -0.3% |
Top Suppliers of Tools, Hand; Other than Household Tools to Bahrain in 2022:
- China (248.0 tons)
- Taiwan (Chinese) (22.9 tons)
- India (6.8 tons)
- United Arab Emirates (6.3 tons)
- Germany (4.2 tons)
- Japan (2.0 tons)
- Italy (1.8 tons)
Exports of Tools, Hand; Other than Household Tools in Bahrain
For the third consecutive year, Bahrain recorded decline in overseas shipments of tools, hand; other than household toolses, which decreased by -3.9% to 33 tons in 2022. Over the period under review, exports showed a deep downturn.
In value terms, exports of tools, hand; other than household toolses expanded notably to $549K in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +6.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the near future.
| Export of Tools, Hand; Other than Household Tools in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 4.4 | N/A | 0.5 | 301 | 309.0% |
| United Kingdom | 3.8 | 21.7 | 40.1 | 120 | 216.1% |
| Saudi Arabia | 186 | 208 | 415 | 41.8 | -39.2% |
| Sudan | N/A | N/A | N/A | 32.3 | 0% |
| Kuwait | 0.3 | 0.6 | 0.1 | 5.9 | 169.9% |
| Singapore | 244 | N/A | N/A | N/A | 0% |
| Canada | N/A | 53.9 | 3.2 | N/A | -94.1% |
| Others | 15.2 | 35.0 | 20.0 | 48.8 | 47.5% |
| Total | 453 | 319 | 479 | 549 | 6.6% |
Top Export Markets for Tools, Hand; Other than Household Tools from Bahrain in 2022:
- Sudan (14.7 tons)
- United Arab Emirates (10.7 tons)
- Saudi Arabia (2.3 tons)
- United Kingdom (2.1 tons)
- Kuwait (0.9 tons)
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