Bahrain: Network Communications Equipment Market 2024

Network Communications Equipment Market Size in Bahrain

The Bahraini network communications equipment market surged to $X in 2022, jumping by 24% against the previous year. Overall, consumption, however, showed a significant increase. Network communications equipment consumption peaked in 2022 and is expected to retain growth in the near future.

Network Communications Equipment Production in Bahrain

In value terms, network communications equipment production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed resilient growth. The growth pace was the most rapid in 2019 with an increase of 241% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Network Communications Equipment Exports

Exports from Bahrain

In 2022, overseas shipments of network communications equipment decreased by -82.1% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 335% 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, network communications equipment exports reduced markedly to $X in 2022. Overall, exports, however, continue to indicate moderate growth. The most prominent rate of growth was recorded in 2013 when exports increased by 399% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X units) was the main destination for network communications equipment exports from Bahrain, accounting for a 25% share of total exports. Moreover, network communications equipment exports to Saudi Arabia exceeded the volume sent to the second major destination, France (X units), threefold. Denmark (X units) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia totaled -28.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+117.2% per year) and Denmark (0.0% per year).

In value terms, the largest markets for network communications equipment exported from Bahrain were Oman ($X), Saudi Arabia ($X) and Uganda ($X), together comprising 42% of total exports. Algeria, Nigeria, the United Arab Emirates, France, Pakistan, the United States, Iraq, Denmark, Morocco and Kuwait lagged somewhat behind, together comprising a further 36%.

Among the main countries of destination, Nigeria, with a CAGR of +581.7%, saw the highest rates of growth with regard to the value of exports, 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 network communications equipment export price amounted to $X per unit, jumping by 44% against the previous year. Overall, the export price showed a significant expansion. The pace of growth was the most pronounced in 2021 an increase of 257%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per unit), while the average price for exports to Denmark ($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 Nigeria (+134.7%), while the prices for the other major destinations experienced more modest paces of growth.

Network Communications Equipment Imports

Imports into Bahrain

After two years of growth, overseas purchases of network communications equipment decreased by -43.6% to X units in 2022. In general, imports, however, posted a perceptible expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 101%. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, network communications equipment imports plummeted to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 103%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of network communications equipment to Bahrain, with a 68% share of total imports. Moreover, network communications equipment imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X units), sevenfold. South Korea (X units) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +21.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+11.5% per year) and South Korea (+36.9% per year).

In value terms, China ($X) constituted the largest supplier of network communications equipment to Bahrain, comprising 44% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports. It was followed by Indonesia, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+23.9% per year) and Indonesia (+11.9% per year).

Import Prices by Country

In 2022, the average network communications equipment import price amounted to $X per unit, increasing by 12% against the previous year. In general, the import price, however, saw a pronounced reduction. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform