Bahrain: Aluminium Alloy Tube Market 2024

Aluminium Alloy Tube Market Size in Bahrain

The Bahraini aluminium alloy tube market reduced slightly to $X in 2022, waning by -2.1% against the previous year. Overall, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +5.3% against 2020 indices. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Aluminium Alloy Tube Production in Bahrain

In value terms, aluminium alloy tube production reduced to $X in 2022 estimated in export price. Overall, the total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +12.7% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of 31%. Aluminium alloy tube production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Aluminium Alloy Tube Exports

Exports from Bahrain

In 2022, the amount of aluminium alloy tubes and pipes exported from Bahrain shrank to X tons, with a decrease of -11.9% compared with 2021 figures. In general, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 49%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, aluminium alloy tube exports contracted significantly to $X in 2022. Overall, exports, however, recorded a buoyant increase. The growth pace was the most rapid in 2021 when exports increased by 48% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), Saudi Arabia (X tons) and Switzerland (X tons) were the main destinations of aluminium alloy tube exports from Bahrain, together comprising 94% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +35.0%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for aluminium alloy tube exported from Bahrain were Malaysia ($X), Switzerland ($X) and the United Arab Emirates ($X), with a combined 76% share of total exports.

Malaysia, with a CAGR of +27.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average aluminium alloy tube export price amounted to $X per ton, waning by -4.9% against the previous year. In general, the export price continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2021 an increase of 13% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the 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 Oman ($X per ton), while the average price for exports to Saudi Arabia ($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 Oman (+27.0%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Alloy Tube Imports

Imports into Bahrain

In 2022, the amount of aluminium alloy tubes and pipes imported into Bahrain skyrocketed to X tons, picking up by 37% on 2021 figures. Overall, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2016 when imports increased by 2,222%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, aluminium alloy tube imports rose rapidly to $X in 2022. Over the period under review, imports enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 2,166%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest aluminium alloy tube supplier to Bahrain, with a 50% share of total imports. Moreover, aluminium alloy tube imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), twofold. India (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +50.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+21.1% per year) and India (+20.4% per year).

In value terms, the largest aluminium alloy tube suppliers to Bahrain were China ($X), Saudi Arabia ($X) and Italy ($X), with a combined 60% share of total imports.

China, with a CAGR of +52.7%, saw 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

In 2022, the average aluminium alloy tube import price amounted to $X per ton, which is down by -16.9% against the previous year. Over the period under review, the import price recorded a mild shrinkage. The most prominent rate of growth was recorded in 2019 when the average import price increased by 59% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a 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 Italy ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+44.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform