Bahrain: Ball Market 2024

Ball Market Size in Bahrain

After three years of growth, the Bahraini ball market decreased by -13.9% to $X in 2022. In general, consumption posted a moderate expansion. Over the period under review, the market attained the peak level at $X in 2021, and then reduced in the following year.

Ball Production in Bahrain

In value terms, ball production soared to $X in 2022 estimated in export price. Over the period under review, production saw resilient growth. The growth pace was the most rapid in 2019 when the production volume increased by 167% against the previous year. Ball production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Ball Exports

Exports from Bahrain

In 2022, after two years of growth, there was significant decline in overseas shipments of balls, when their volume decreased by -98.7% to X units. Over the period under review, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 532% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, ball exports shrank remarkably to $X in 2022. In general, exports continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2013 with an increase of 398% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

Oman (X units) was the main destination for ball exports from Bahrain, accounting for a 89% share of total exports. Moreover, ball exports to Oman exceeded the volume sent to the second major destination, Saudi Arabia (X units), ninefold.

From 2012 to 2022, the average annual growth rate of volume to Oman amounted to -56.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-26.6% per year) and the United Arab Emirates (-38.2% per year).

In value terms, Saudi Arabia ($X), Oman ($X) and the United Arab Emirates ($X) constituted the largest markets for ball exported from Bahrain worldwide, with a combined 99% share of total exports.

Saudi Arabia, with a CAGR of +0.6%, 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 a decline.

Export Prices by Country

In 2022, the average ball export price amounted to $X per unit, waning by -52.3% against the previous year. In general, the export price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 123% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then declined sharply in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Oman ($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 Saudi Arabia (+37.1%), while the prices for the other major destinations experienced a decline.

Ball Imports

Imports into Bahrain

In 2022, the amount of balls imported into Bahrain shrank to X units, with a decrease of -4.4% against 2021. In general, imports, however, saw a temperate increase. The most prominent rate of growth was recorded in 2013 with an increase of 122% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, ball imports contracted to $X in 2022. Overall, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by 108% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of ball to Bahrain, with a 71% share of total imports. Moreover, ball imports from China exceeded the figures recorded by the second-largest supplier, Pakistan (X units), sevenfold. India (X units) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+7.4% per year) and India (+42.0% per year).

In value terms, China ($X) constituted the largest supplier of balls to Bahrain, comprising 47% of total imports. The second position in the ranking was held by Pakistan ($X), with an 18% share of total imports. It was followed by Thailand, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+14.1% per year) and Thailand (+40.7% per year).

Import Prices by Country

In 2022, the average ball import price amounted to $X per unit, flattening at the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ball import price increased by +77.8% against 2017 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 41%. The import price peaked in 2022 and is likely to see steady growth in the near future.

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 Thailand ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform