Bahrain: Rock Cutter Market 2024

Rock Cutter Market Size in Bahrain

In 2022, the Bahraini rock cutter market increased by 19% to $X, rising for the third consecutive year after three years of decline. In general, consumption showed a strong expansion. Rock cutter consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Rock Cutter Exports

Exports from Bahrain

In 2022, shipments abroad of coal or rock cutters and tunnelling machinery decreased by -40.9% to X units, falling for the second year in a row after two years of growth. Overall, exports saw a noticeable reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 2,800% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, rock cutter exports fell remarkably to $X in 2022. In general, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 2,184% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped sharply in the following year.

Exports by Country

Oman (X units) was the main destination for rock cutter exports from Bahrain, accounting for a 46% share of total exports. Moreover, rock cutter exports to Oman exceeded the volume sent to the second major destination, Saudi Arabia (X units), sixfold. The third position in this ranking was taken by the United Arab Emirates (X units), with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Oman stood at +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-25.1% per year) and the United Arab Emirates (0.0% per year).

In value terms, Oman ($X) emerged as the key foreign market for coal or rock cutters and tunnelling machinery exports from Bahrain, comprising 5.3% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 0.4% 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 Oman totaled +28.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-36.5% per year) and Kuwait (-23.9% per year).

Export Prices by Country

In 2022, the average rock cutter export price amounted to $X per unit, waning by -4.6% against the previous year. In general, the export price, however, showed a prominent increase. The most prominent rate of growth was recorded in 2013 an increase of 186% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then shrank slightly 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 Oman ($X per unit), while the average price for exports to the United Arab Emirates ($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 Italy (+28.9%), while the prices for the other major destinations experienced more modest paces of growth.

Rock Cutter Imports

Imports into Bahrain

In 2022, overseas purchases of coal or rock cutters and tunnelling machinery increased by 9.9% to X units, rising for the third consecutive year after three years of decline. Overall, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 3,000%. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, rock cutter imports expanded slightly to $X in 2022. In general, imports recorded a mild expansion. The most prominent rate of growth was recorded in 2020 with an increase of 3,668% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia (X units), the United Arab Emirates (X units) and Italy (X units) were the main suppliers of rock cutter imports to Bahrain, with a combined 78% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +34.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) constituted the largest supplier of coal or rock cutters and tunnelling machinery to Bahrain, comprising 59% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 16% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Saudi Arabia totaled +31.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-8.0% per year) and Italy (+45.7% per year).

Import Prices by Country

The average rock cutter import price stood at $X per unit in 2022, shrinking by -4.5% against the previous year. In general, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 an increase of 30% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Saudi Arabia ($X per unit), while the price for South Korea ($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 UK (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform