Bahrain: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in Bahrain

The Bahraini market for vacuum pumps and air or gas compressors soared to $X in 2022, growing by 26% 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 abrupt downturn. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Bahrain

In 2022, shipments abroad of vacuum pumps and air or gas compressors increased by 126% to X units, rising for the fourth year in a row after three years of decline. Over the period under review, exports continue to indicate a strong increase. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of vacuum pumps and air or gas compressors expanded significantly to $X in 2022. In general, exports enjoyed a perceptible increase. The growth pace was the most rapid in 2013 with an increase of 116%. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X units) was the main destination for exports of vacuum pumps and air or gas compressors from Bahrain, with a 91% share of total exports. Moreover, exports of vacuum pumps and air or gas compressors to Saudi Arabia exceeded the volume sent to the second major destination, Singapore (X units), more than tenfold. The third position in this ranking was held by Kuwait (X units), with a 0.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia amounted to +18.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+184.5% per year) and Kuwait (-38.7% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for vacuum pumps and air or gas compressors exports from Bahrain, comprising 84% of total exports. The second position in the ranking was held by Singapore ($X), with a 1.6% share of total exports. It was followed by Kuwait, with a 0.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+80.5% per year) and Kuwait (-32.0% per year).

Export Prices by Country

In 2022, the average export price for vacuum pumps and air or gas compressors amounted to $X per unit, reducing by -49.4% against the previous year. Overall, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 274%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Singapore ($X 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 Thailand (+42.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into Bahrain

In 2022, the amount of vacuum pumps and air or gas compressors imported into Bahrain contracted modestly to X units, which is down by -4.6% on 2021 figures. In general, imports showed a deep setback. The growth pace was the most rapid in 2015 with an increase of 130% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of vacuum pumps and air or gas compressors surged to $X in 2022. Over the period under review, imports saw a deep downturn. The pace of growth appeared the most rapid in 2015 with an increase of 134%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest vacuum pump and air or gas compressor supplier to Bahrain, accounting for a 48% share of total imports. Moreover, imports of vacuum pumps and air or gas compressors from China exceeded the figures recorded by the second-largest supplier, India (X units), fourfold. The United States (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-20.1% per year) and the United States (-7.2% per year).

In value terms, the United States ($X) constituted the largest supplier of vacuum pumps and air or gas compressors to Bahrain, comprising 52% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports. It was followed by Thailand, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.2% per year) and Thailand (-2.8% per year).

Import Prices by Country

The average import price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, picking up by 69% against the previous year. Overall, the import price saw a resilient increase. 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 the United States ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform