Bahrain: Metal Wool Market 2025

Metal Wool Market Size in Bahrain

The Bahraini metal wool market skyrocketed to $X in 2022, jumping by 69% 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). Overall, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Metal wool consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Metal Wool Exports

Exports from Bahrain

In 2022, the amount of iron or steel wool exported from Bahrain skyrocketed to X tons, jumping by 256% on 2021. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 553% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, metal wool exports soared to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 633%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) was the main destination for metal wool exports from Bahrain, with a 97% share of total exports. It was followed by the United Arab Emirates (X kg), with a 0.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia stood at +78.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+16.8% per year) and Oman (-31.8% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for iron or steel wool exports from Bahrain, comprising 98% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 0.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia stood at +81.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+8.8% per year) and Oman (-31.2% per year).

Export Prices by Country

The average metal wool export price stood at $X per ton in 2022, growing by 8.3% against the previous year. Over the period under review, the export price recorded a tangible increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 136% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

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 Saudi Arabia ($X per ton), while the average price for exports to the United Arab Emirates ($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 Free Zones (+44.0%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Wool Imports

Imports into Bahrain

Metal wool imports into Bahrain surged to X tons in 2022, jumping by 86% on the previous year. In general, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal wool imports soared to $X in 2022. Over the period under review, imports saw prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and the United Arab Emirates (X tons) were the main suppliers of metal wool imports to Bahrain, with a combined 74% share of total imports. Spain, Iran, Jordan, India and Indonesia lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iran (with a CAGR of +27.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of iron or steel wool to Bahrain, comprising 40% of total imports. The second position in the ranking was taken by Spain ($X), with a 16% share of total imports. It was followed by Germany, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+7.1% per year) and Germany (+6.5% per year).

Import Prices by Country

In 2022, the average metal wool import price amounted to $X per ton, surging by 7.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2021 an increase of 38% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain 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 Indonesia ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform