Bahrain: Market for Non-Numerically Controlled Sharpening Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Sharpening Machines For Working Metal in Bahrain

In 2022, after four years of decline, there was significant growth in the Bahraini non-numerically controlled sharpening machine market, when its value increased by 316% to $X. Overall, consumption showed a dramatic decline. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Non-Numerically Controlled Sharpening Machines For Working Metal in Bahrain

In value terms, non-numerically controlled sharpening machine production dropped to $X in 2022 estimated in export price. In general, production, however, showed strong growth. The growth pace was the most rapid in 2018 when the production volume increased by 170% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from Bahrain

In 2022, the amount of non-numerically controlled sharpening machines for working metal exported from Bahrain surged to X units, jumping by 75% compared with 2021. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,233% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, non-numerically controlled sharpening machine exports surged to $X in 2022. Over the period under review, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 1,088%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for non-numerically controlled sharpening machine exports from Bahrain, accounting for a 24% share of total exports. Moreover, non-numerically controlled sharpening machine exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X units), fourfold. The third position in this ranking was held by Oman (X units), with a 4.3% share.

From 2015 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to +16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-7.7% per year) and Oman (-40.0% per year).

In value terms, Sweden ($X) emerged as the key foreign market for non-numerically controlled sharpening machines for working metal exports from Bahrain, comprising 57% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 12% share of total exports. It was followed by Saudi Arabia, with an 8.7% share.

From 2015 to 2022, the average annual rate of growth in terms of value to Sweden was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+23.7% per year) and Saudi Arabia (-36.7% per year).

Export Prices by Country

The average non-numerically controlled sharpening machine export price stood at $X per unit in 2022, increasing by 318% against the previous year. Overall, the export price, however, faced a sharp curtailment. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Oman ($X per unit) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+155.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into Bahrain

Non-numerically controlled sharpening machine imports into Bahrain soared to X units in 2022, picking up by 37% compared with the year before. Over the period under review, imports showed a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 186% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, non-numerically controlled sharpening machine imports rose notably to $X in 2022. Overall, imports posted a perceptible increase. The pace of growth appeared the most rapid in 2014 with an increase of 489% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-numerically controlled sharpening machine to Bahrain, with a 50% share of total imports. Moreover, non-numerically controlled sharpening machine imports from China exceeded the figures recorded by the second-largest supplier, India (X units), twofold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +45.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+34.2% per year) and Taiwan (Chinese) (+14.9% per year).

In value terms, India ($X), Turkey ($X) and China ($X) appeared to be the largest non-numerically controlled sharpening machine suppliers to Bahrain, together comprising 77% of total imports.

India, with a CAGR of +79.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average non-numerically controlled sharpening machine import price amounted to $X per unit, declining by -21.5% against the previous year. In general, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by 220%. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+33.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform