Seals; Mechanical Price in Bahrain - 2022

Contents:

1. Seals; Mechanical Price in Bahrain (CIF) - 2022
2. Seals; Mechanical Price in Bahrain (FOB) - 2022
3. Seals; Mechanical Imports in Bahrain
4. Seals; Mechanical Exports in Bahrain

Seals; Mechanical Price in Bahrain (CIF) - 2022

In 2022, the average seals; mechanical import price amounted to $68 per unit, growing by 17% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, seals; mechanical import price decreased by -29.0% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 30%. Over the period under review, average import prices reached the peak figure at $96 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Czech Republic ($392 per unit), while the price for Taiwan (Chinese) ($11 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Price in Bahrain (FOB) - 2022

The average seals; mechanical export price stood at $20 per unit in 2022, dropping by -45.2% against the previous year. In general, the export price, however, showed a modest expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 157% against the previous year. As a result, the export price reached the peak level of $74 per unit. From 2016 to 2022, the average export prices remained at a lower figure.

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 Saudi Arabia ($20 per unit), while the average price for exports to the United Arab Emirates totaled $11 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+13.9%), while the prices for the other major destinations experienced mixed trend patterns.

Seals; Mechanical Imports in Bahrain

In 2022, the amount of seals; mechanicals imported into Bahrain reduced notably to 43K units, declining by -29.5% compared with the year before. Over the period under review, imports saw a abrupt contraction. The growth pace was the most rapid in 2021 when imports increased by 19% against the previous year. As a result, imports reached the peak of 61K units, and then contracted rapidly in the following year.

In value terms, seals; mechanical imports declined rapidly to $2.9M in 2022. Overall, imports continue to indicate a drastic downturn. The smallest decline of -5% was in 2021. Over the period under review, imports attained the peak figure at $5.1M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Seals; Mechanical to Bahrain in 2022:

1. Saudi Arabia (13.6K units)
2. China (5.3K units)
3. United States (3.7K units)
4. Sweden (2.6K units)
5. France (2.2K units)
6. Germany (2.2K units)
7. United Kingdom (1.9K units)
8. Czech Republic (1.6K units)
9. Japan (1.5K units)
10. Italy (1.4K units)
11. Taiwan (Chinese) (1.1K units)
12. India (1.0K units)
13. Mexico (0.9K units)

Seals; Mechanical Exports in Bahrain

In 2022, the amount of seals; mechanicals exported from Bahrain surged to 45K units, growing by 364% on the previous year's figure. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, seals; mechanical exports skyrocketed to $894K in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 286% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Seals; Mechanical from Bahrain in 2022:

1. Saudi Arabia (43.6K units)
2. United Arab Emirates (0.8K units)

Source: IndexBox Market Intelligence Platform