Bahrain: Hvac Equipment Market 2024

Hvac Equipment Market Size in Bahrain

The Bahraini HVAC equipment market reduced remarkably to $X in 2022, waning by X% against the previous year. In general, consumption enjoyed significant growth. Consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Hvac Equipment Production in Bahrain

In value terms, HVAC equipment production skyrocketed to $X in 2022 estimated in export price. In general, production continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Hvac Equipment Exports

Exports from Bahrain

In 2022, the amount of HVAC equipment exported from Bahrain surged to X units, jumping by X% against 2021. Overall, exports showed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, HVAC equipment exports amounted to $X in 2022. Over the period under review, exports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Pakistan (X units) was the main destination for HVAC equipment exports from Bahrain, accounting for a X% share of total exports. Moreover, HVAC equipment exports to Pakistan exceeded the volume sent to the second major destination, India (X units), fourfold. Saudi Arabia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Pakistan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Saudi Arabia (X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for HVAC equipment exports from Bahrain, comprising X% of total exports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average HVAC equipment export price amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price saw a precipitous setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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

Hvac Equipment Imports

Imports into Bahrain

In 2022, imports of HVAC equipment into Bahrain dropped sharply to X units, with a decrease of X% compared with the previous year. In general, imports, however, saw a perceptible expansion. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, HVAC equipment imports dropped dramatically to $X in 2022. Overall, imports, however, showed a pronounced expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), India (X units) and Japan (X units) were the main suppliers of HVAC equipment imports to Bahrain, together comprising X% of total imports.

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

In value terms, China ($X) constituted the largest supplier of HVAC equipment to Bahrain, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with an X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and South Korea (X% per year).

Import Prices by Country

The average HVAC equipment import price stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform