Price for Tractors; (Other than Tractors of Heading No 8709) in Bahrain - 2022

Contents:

1. Price for Tractors; (Other than Tractors of Heading No 8709) in Bahrain (CIF) - 2022
2. Price for Tractors; (Other than Tractors of Heading No 8709) in Bahrain (FOB) - 2022
3. Imports of Tractors; (Other than Tractors of Heading No 8709) in Bahrain
4. Exports of Tractors; (Other than Tractors of Heading No 8709) in Bahrain

Price for Tractors; (Other than Tractors of Heading No 8709) in Bahrain (CIF) - 2022

The average import price for tractors; (other than tractors of heading no 8709)s stood at $32,174 per unit in 2022, with an increase of 4.2% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 54%. The import price peaked at $58,417 per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 Turkey ($83,560 per unit), while the price for France ($6,915 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tractors; (Other than Tractors of Heading No 8709) in Bahrain (FOB) - 2022

In 2022, the average export price for tractors; (other than tractors of heading no 8709)s amounted to $53,961 per unit, surging by 2.7% against the previous year. Over the period under review, the export price recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 an increase of 119%. The export price peaked in 2022 and is likely to see gradual 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 Egypt ($90,366 per unit), while the average price for exports to Kuwait ($14,245 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+29.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tractors; (Other than Tractors of Heading No 8709) in Bahrain

In 2022, approx. 254 units of tractors; (other than tractors of heading no 8709)s were imported into Bahrain; falling by -14.8% on the year before. Overall, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 118% against the previous year. As a result, imports attained the peak of 298 units, and then shrank in the following year.

In value terms, imports of tractors; (other than tractors of heading no 8709)s reduced to $8.2M in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 36%. As a result, imports reached the peak of $9.2M, and then reduced in the following year.

Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Bahrain in 2022:

1. Germany (139.0 units)
2. France (46.0 units)
3. Japan (17.0 units)
4. Sweden (13.0 units)
5. Thailand (12.0 units)
6. Turkey (6.0 units)
7. China (6.0 units)
8. India (2.0 units)

Exports of Tractors; (Other than Tractors of Heading No 8709) in Bahrain

In 2022, exports of tractors; (other than tractors of heading no 8709)s from Bahrain declined dramatically to 82 units, with a decrease of -15.5% compared with the year before. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +5.9% 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 +30.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 54% against the previous year. As a result, the exports attained the peak of 97 units, and then dropped rapidly in the following year.

In value terms, exports of tractors; (other than tractors of heading no 8709)s reduced to $4.4M in 2022. In general, exports, however, saw strong growth. The pace of growth was the most pronounced in 2021 when exports increased by 105%. As a result, the exports reached the peak of $5.1M, and then declined in the following year.

Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Bahrain in 2022:

1. Saudi Arabia (43.0 units)
2. United Arab Emirates (27.0 units)
3. Kuwait (7.0 units)
4. Oman (2.0 units)
5. Sudan (2.0 units)
6. Egypt (1.0 units)

Source: IndexBox Market Intelligence Platform