Bahrain: Market for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters 2024

Market Size for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Bahrain

In 2022, the Bahraini electric oven and cooker market decreased by -23.8% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption, however, showed a tangible increase. Electric oven and cooker consumption peaked at $X in 2021, and then declined notably in the following year.

Exports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Exports from Bahrain

After two years of growth, shipments abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by -47.4% to X units in 2022. Over the period under review, exports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2020 when exports increased by 645%. The exports peaked at X units in 2021, and then dropped significantly in the following year.

In value terms, electric oven and cooker exports declined remarkably to $X in 2022. In general, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 785%. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced sharply in the following year.

Exports by Country

Saudi Arabia (X units) was the main destination for electric oven and cooker exports from Bahrain, with a approx. 98% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia amounted to +24.2%.

In value terms, Saudi Arabia ($X) also remains the key foreign market for electric ovens, cookers, cooking plates, boiling rings, grillers and roasters exports from Bahrain.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia stood at +21.0%.

Export Prices by Country

In 2022, the average electric oven and cooker export price amounted to $X per unit, surging by 3.2% against the previous year. In general, the export price enjoyed a temperate expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 111%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +1.0% per year.

Imports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Imports into Bahrain

In 2022, purchases abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by -37.2% to X units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports, however, enjoyed a slight increase. The most prominent rate of growth was recorded in 2020 with an increase of 87%. Over the period under review, imports attained the peak figure at X units in 2021, and then fell remarkably in the following year.

In value terms, electric oven and cooker imports declined rapidly to $X in 2022. In general, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 50%. Over the period under review, imports reached the peak figure at $X in 2021, and then declined remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electric oven and cooker to Bahrain, accounting for a 84% share of total imports. Moreover, electric oven and cooker imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), more than tenfold. Italy (X units) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+7.1% per year) and Italy (-11.9% per year).

In value terms, China ($X) constituted the largest supplier of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters to Bahrain, comprising 61% of total imports. The second position in the ranking was held by Turkey ($X), with a 13% share of total imports. It was followed by Italy, with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+7.2% per year) and Italy (+1.7% per year).

Import Prices by Country

The average electric oven and cooker import price stood at $X per unit in 2022, surging by 30% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric oven and cooker import price increased by +33.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 38%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform