Bahrain: Non-Electric Roasting Furnace Market 2024

Non-Electric Roasting Furnace Market Size in Bahrain

In 2022, the Bahraini non-electric roasting furnace market increased by 22% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption continues to indicate buoyant growth. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Non-Electric Roasting Furnace Production in Bahrain

In value terms, non-electric roasting furnace production surged to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 88% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Non-Electric Roasting Furnace Exports

Exports from Bahrain

In 2022, exports of non-electric furnaces and ovens for the roasting or melting from Bahrain soared to X units, increasing by 166% against the previous year. Overall, exports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 16,500%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, non-electric roasting furnace exports skyrocketed to $X in 2022. Over the period under review, exports, however, faced a significant decrease. The pace of growth was the most pronounced in 2017 with an increase of 3,992%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) and Saudi Arabia (X units) were the main destinations of non-electric roasting furnace exports from Bahrain.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +257.2%).

In value terms, the United Arab Emirates ($X) remains the key foreign market for non-electric furnaces and ovens for the roasting or melting exports from Bahrain, comprising 74% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +133.4%.

Export Prices by Country

In 2022, the average non-electric roasting furnace export price amounted to $X per unit, with a decrease of -36.4% against the previous year. In general, the export price faced a sharp decrease. The most prominent rate of growth was recorded in 2018 an increase of 70%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the 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 the United Arab Emirates ($X per unit), while the average price for exports to Saudi Arabia totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-21.3%), while the prices for the other major destinations experienced a decline.

Non-Electric Roasting Furnace Imports

Imports into Bahrain

In 2022, overseas purchases of non-electric furnaces and ovens for the roasting or melting increased by 157% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports enjoyed significant growth. The pace of growth was the most pronounced in 2018 when imports increased by 2,072% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, non-electric roasting furnace imports fell markedly to $X in 2022. In general, imports, however, saw a slight downturn. The growth pace was the most rapid in 2017 with an increase of 2,146%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X units) was the main supplier of non-electric roasting furnace to Bahrain, with a 91% share of total imports. Moreover, non-electric roasting furnace imports from Turkey exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled +220.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+81.4% per year) and Germany (-30.6% per year).

In value terms, India ($X) constituted the largest supplier of non-electric furnaces and ovens for the roasting or melting to Bahrain, comprising 84% of total imports. The second position in the ranking was held by Turkey ($X), with a 6.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled +61.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+105.3% per year) and Germany (-23.0% per year).

Import Prices by Country

In 2022, the average non-electric roasting furnace import price amounted to $X per unit, which is down by -89.5% against the previous year. Overall, the import price showed a sharp slump. The pace of growth was the most pronounced in 2020 when the average import price increased by 1,229% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 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 Germany ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+1,045.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform