Bahrain: Manostat Market 2024

Manostat Market Size in Bahrain

The Bahraini manostat market soared to $X in 2022, picking up by 24% against the previous year. Over the period under review, consumption, however, showed a pronounced shrinkage. Manostat consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Manostat Production in Bahrain

In value terms, manostat production reached $X in 2022 estimated in export price. In general, production, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2019 when the production volume increased by 119% against the previous year. Manostat production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Manostat Exports

Exports from Bahrain

In 2022, the amount of manostats exported from Bahrain fell notably to X units, with a decrease of -56.6% on the year before. In general, exports faced a sharp contraction. The growth pace was the most rapid in 2019 with an increase of 901%. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, manostat exports contracted dramatically to $X in 2022. Over the period under review, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 997% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Ethiopia (X units), Saudi Arabia (X units) and the United Arab Emirates (X units) were the main destinations of manostat exports from Bahrain, together comprising 96% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ethiopia (with a CAGR of +12.5%), while the other leaders experienced mixed trend patterns.

In value terms, Ethiopia ($X) remains the key foreign market for manostats exports from Bahrain, comprising 70% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 11% share of total exports. It was followed by Saudi Arabia, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value to Ethiopia stood at +26.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+10.5% per year) and Saudi Arabia (-32.9% per year).

Export Prices by Country

In 2022, the average manostat export price amounted to $X per unit, dropping by -11.1% against the previous year. Over the period under review, the export price, however, recorded a buoyant expansion. The growth pace was the most rapid in 2017 when the average export price increased by 167% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Saudi Arabia ($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 (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Manostat Imports

Imports into Bahrain

In 2022, purchases abroad of manostats increased by 32% to X units, rising for the second year in a row after two years of decline. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 171%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, manostat imports skyrocketed to $X in 2022. Overall, imports posted a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of 90% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the UK (X units) constituted the largest supplier of manostat to Bahrain, with a 49% share of total imports. Moreover, manostat imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. Italy (X units) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK stood at +53.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+53.7% per year) and Italy (+79.9% per year).

In value terms, the largest manostat suppliers to Bahrain were Germany ($X), Italy ($X) and Mexico ($X), with a combined 65% share of total imports.

Among the main suppliers, Italy, with a CAGR of +95.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average manostat import price stood at $X per unit in 2022, surging by 8.6% against the previous year. Overall, the import price, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2020 an increase of 13%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, 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 Mexico ($X per unit), while the price for the UK ($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 (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform