Bahrain: Hide Repairing Machinery Market 2024

Hide Repairing Machinery Market Size in Bahrain

In 2022, after two years of decline, there was significant growth in the Bahraini hide repairing machinery market, when its value increased by 185% to $X. In general, consumption showed a relatively flat trend pattern. Hide repairing machinery consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Hide Repairing Machinery Production in Bahrain

In value terms, hide repairing machinery production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when the production volume increased by 29% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Hide Repairing Machinery Exports

Exports from Bahrain

In 2022, approx. X units of machinery for making or repairing articles of hides, skins or leather were exported from Bahrain; which is down by -27.3% on 2021 figures. Overall, exports, however, showed buoyant growth. The pace of growth was the most pronounced in 2021 when exports increased by 175% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, hide repairing machinery exports dropped markedly to $X in 2022. In general, exports, however, continue to indicate a noticeable expansion. The pace of growth was the most pronounced in 2021 when exports increased by 155%. As a result, the exports reached the peak of $X, and then contracted sharply in the following year.

Exports by Country

Saudi Arabia (X units) was the main destination for hide repairing machinery exports from Bahrain, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia stood at +14.9%.

In value terms, Saudi Arabia ($X) also remains the key foreign market for machinery for making or repairing articles of hides, skins or leather exports from Bahrain.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia amounted to +10.7%.

Export Prices by Country

The average hide repairing machinery export price stood at $X per unit in 2022, waning by -4.3% against the previous year. Overall, the export price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2018 an increase of 83% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a 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 Saudi Arabia amounted to -4.4% per year.

Hide Repairing Machinery Imports

Imports into Bahrain

In 2022, after two years of decline, there was significant growth in supplies from abroad of machinery for making or repairing articles of hides, skins or leather, when their volume increased by 71% to X units. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 400% against the previous year. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, hide repairing machinery imports soared to $X in 2022. In general, imports showed a measured expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 452%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest hide repairing machinery supplier to Bahrain, with a 67% share of total imports. Moreover, hide repairing machinery imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +23.1%.

In value terms, Germany ($X) constituted the largest supplier of machinery for making or repairing articles of hides, skins or leather to Bahrain, comprising 72% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Italy, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.7% per year) and Italy (+1.9% per year).

Import Prices by Country

In 2022, the average hide repairing machinery import price amounted to $X per unit, jumping by 16% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 an increase of 85%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for the United Arab Emirates ($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 (+19.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform