Bahrain: Market for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers 2024

Market Size for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers in Bahrain

In 2022, the Bahraini market for iron or steel gas domestic cooking appliances and plate warmers decreased by -27.6% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Exports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Exports from Bahrain

In 2022, approx. X units of iron or steel gas domestic cooking appliances and plate warmers were exported from Bahrain; waning by -24.9% against the year before. Overall, exports showed a slight contraction. The growth pace was the most rapid in 2014 when exports increased by 3,590% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, exports of iron or steel gas domestic cooking appliances and plate warmers totaled $X in 2022. Over the period under review, exports, however, continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 2,977%. Over the period under review, the exports of reached the maximum at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X units) was the main destination for exports of iron or steel gas domestic cooking appliances and plate warmers from Bahrain, with a 74% share of total exports. Moreover, exports of iron or steel gas domestic cooking appliances and plate warmers to Saudi Arabia exceeded the volume sent to the second major destination, Yemen (X units), fivefold. Turkey (X units) ranked third in terms of total exports with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia totaled -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+67.5% per year) and Turkey (+18.8% per year).

In value terms, Turkey ($X), Saudi Arabia ($X) and Yemen ($X) constituted the largest markets for iron or steel gas domestic cooking appliances and plate warmers exported from Bahrain worldwide, together comprising 97% of total exports.

Yemen, with a CAGR of +72.8%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for iron or steel gas domestic cooking appliances and plate warmers stood at $X per unit in 2022, jumping by 34% against the previous year. Over the period under review, the export price posted a perceptible expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 95% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Qatar ($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 (+6.6%), while the prices for the other major destinations experienced a decline.

Imports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Imports into Bahrain

In 2022, supplies from abroad of iron or steel gas domestic cooking appliances and plate warmers decreased by -18.5% to X units, falling for the second year in a row after three years of growth. In general, total imports indicated modest growth 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 -38.8% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by 69%. Over the period under review, imports of attained the peak figure at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of iron or steel gas domestic cooking appliances and plate warmers shrank dramatically to $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 66% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest iron or steel gas domestic cooking appliances and plate warmers supplier to Bahrain, with a 57% share of total imports. Moreover, imports of iron or steel gas domestic cooking appliances and plate warmers from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was taken by Turkey (X units), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.4% per year) and Turkey (+11.3% per year).

In value terms, Italy ($X), Turkey ($X) and China ($X) were the largest iron or steel gas domestic cooking appliances and plate warmers suppliers to Bahrain, together comprising 93% of total imports.

Turkey, with a CAGR of +13.0%, saw the highest rates of growth with regard to the value of imports, in terms of 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 import price for iron or steel gas domestic cooking appliances and plate warmers stood at $X per unit in 2022, declining by -15.5% against the previous year. Over the period under review, the import price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by 51%. The import price peaked at $X per unit in 2021, and then dropped dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform