Bahrain: Interchangeable Spanner Socket Market 2025

Interchangeable Spanner Socket Market Size in Bahrain

The Bahraini interchangeable spanner socket market skyrocketed to $X in 2022, increasing by 24% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed a perceptible increase. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Interchangeable Spanner Socket Exports

Exports from Bahrain

In 2022, shipments abroad of interchangeable spanner sockets decreased by -87.2% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2014 when exports increased by 311% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, interchangeable spanner socket exports dropped markedly to $X in 2022. Overall, exports, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 572% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X kg) was the main destination for interchangeable spanner socket exports from Bahrain, with a 40% share of total exports. Moreover, interchangeable spanner socket exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X kg), threefold. The third position in this ranking was held by Turkey (X kg), with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-22.2% per year) and Turkey (+70.5% per year).

In value terms, the largest markets for interchangeable spanner socket exported from Bahrain were Turkey ($X), Oman ($X) and Saudi Arabia ($X), together comprising 65% of total exports.

Oman, with a CAGR of +148.3%, recorded the highest growth rate of the value of exports, in terms of 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 interchangeable spanner socket export price amounted to $X per ton, rising by 53% against the previous year. Over the period under review, the export price recorded a strong increase. The pace of growth was the most pronounced in 2019 an increase of 76%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to the United Arab Emirates ($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 the Netherlands (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.

Interchangeable Spanner Socket Imports

Imports into Bahrain

In 2022, supplies from abroad of interchangeable spanner sockets decreased by -21.3% to X tons, falling for the second consecutive year after two years of growth. Overall, total imports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -37.6% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 86%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, interchangeable spanner socket imports plummeted to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 101%. Over the period under review, imports hit record highs at $X in 2021, and then plummeted in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of interchangeable spanner socket to Bahrain, with a 51% share of total imports. Moreover, interchangeable spanner socket imports from China exceeded the figures recorded by the second-largest supplier, Pakistan (X tons), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (-3.2% per year) and Taiwan (Chinese) (+10.9% per year).

In value terms, the largest interchangeable spanner socket suppliers to Bahrain were China ($X), Taiwan (Chinese) ($X) and the United States ($X), with a combined 49% share of total imports. Sweden, the UK, Germany and Pakistan lagged somewhat behind, together comprising a further 31%.

Sweden, with a CAGR of +61.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average interchangeable spanner socket import price stood at $X per ton in 2022, declining by -12.2% against the previous year. Overall, the import price showed a mild setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 78% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 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 ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform