Bahrain: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in Bahrain

The Bahraini wood bending machine market shrank rapidly to $X in 2023, with a decrease of X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then reduced remarkably in the following year.

Wood Bending Machine Production in Bahrain

In value terms, wood bending machine production fell significantly to $X in 2023 estimated in export price. Overall, production, however, posted modest growth. Wood bending machine production peaked at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Wood Bending Machine Exports

Exports from Bahrain

In 2023, approx. X units of bending or assembling machines were exported from Bahrain; shrinking by X% compared with the year before. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2023, the growth of the exports failed to regain momentum.

In value terms, wood bending machine exports contracted significantly to $X in 2023. Over the period under review, exports, however, recorded a mild increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Saudi Arabia (X units) and the United Arab Emirates (X units) were the main destinations of wood bending machine exports from Bahrain.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of X%).

In value terms, the United Arab Emirates ($X) remains the key foreign market for bending or assembling machines exports from Bahrain, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to the United Arab Emirates stood at X%.

Export Prices by Country

In 2023, the average wood bending machine export price amounted to $X per unit, growing by X% against the previous year. In general, the export price saw slight growth. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Saudi Arabia stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced mixed trend patterns.

Wood Bending Machine Imports

Imports into Bahrain

In 2023, purchases abroad of bending or assembling machines decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. In general, imports, however, continue to indicate modest growth. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2023, the growth of imports failed to regain momentum.

In value terms, wood bending machine imports dropped to $X in 2023. Overall, imports saw a slight descent. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, the United Arab Emirates (X units) constituted the largest wood bending machine supplier to Bahrain, with a X% share of total imports. Moreover, wood bending machine imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by India (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

In value terms, the United Arab Emirates ($X), Austria ($X) and Italy ($X) were the largest wood bending machine suppliers to Bahrain, together accounting for X% of total imports.

The United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wood bending machine import price stood at $X per unit in 2023, jumping by X% against the previous year. Overall, the import price, however, showed a noticeable setback. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform