Bahrain: Wire And Cable Market 2024

Wire And Cable Market Size in Bahrain

The Bahraini wire and cable market shrank sharply to $X in 2022, dropping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a perceptible contraction. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Wire And Cable Exports

Exports from Bahrain

In 2022, shipments abroad of insulated wire and cable decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports recorded a sharp reduction. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, wire and cable exports skyrocketed to $X in 2022. Overall, exports faced a deep contraction. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for wire and cable exports from Bahrain, with a X% share of total exports. Moreover, wire and cable exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), sixfold. The third position in this ranking was taken by Nigeria (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Nigeria (X% per year).

In value terms, Nigeria ($X) emerged as the key foreign market for insulated wire and cable exports from Bahrain, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Nigeria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average wire and cable export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price saw a remarkable increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Liberia ($X 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 Nigeria (X%), while the prices for the other major destinations experienced mixed trend patterns.

Wire And Cable Imports

Imports into Bahrain

In 2022, imports of insulated wire and cable into Bahrain contracted notably to X tons, with a decrease of X% against 2021. In general, imports saw a noticeable decrease. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, wire and cable imports reduced to $X in 2022. Over the period under review, imports saw a perceptible decrease. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons) and Oman (X tons) were the main suppliers of wire and cable imports to Bahrain, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest wire and cable suppliers to Bahrain were Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X), together comprising X% of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average wire and cable import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price showed modest growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 China ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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