Bahrain: Metal Permanent Magnet Market 2025

Metal Permanent Magnet Market Size in Bahrain

The Bahraini metal permanent magnet market reduced to $X in 2022, with a decrease of -7.9% against the previous year. In general, consumption, however, continues to indicate a buoyant increase. Over the period under review, the market hit record highs at $X in 2021, and then shrank in the following year.

Metal Permanent Magnet Production in Bahrain

In value terms, metal permanent magnet production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 95% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Metal Permanent Magnet Exports

Exports from Bahrain

In 2022, overseas shipments of metal permanent magnets were finally on the rise to reach X tons after two years of decline. Overall, exports posted resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 5,422% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, metal permanent magnet exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a pronounced contraction. The growth pace was the most rapid in 2015 with an increase of 5,578% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for metal permanent magnet exports from Bahrain, accounting for a approx. 98% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia totaled +6.4%.

In value terms, Saudi Arabia ($X) also remains the key foreign market for metal permanent magnets exports from Bahrain.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to -5.9%.

Export Prices by Country

The average metal permanent magnet export price stood at $X per ton in 2022, which is down by -92.2% against the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 when the average export price increased by 854%. As a result, the export price attained the peak level of $X per ton, and then shrank sharply in the following year.

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 -11.6% per year.

Metal Permanent Magnet Imports

Imports into Bahrain

In 2022, metal permanent magnet imports into Bahrain dropped notably to X tons, waning by -53.9% against the previous year's figure. In general, imports recorded a deep setback. The growth pace was the most rapid in 2017 when imports increased by 107%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, metal permanent magnet imports contracted markedly to $X in 2022. Overall, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 81% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest metal permanent magnet supplier to Bahrain, with a 82% share of total imports. Moreover, metal permanent magnet imports from China exceeded the figures recorded by the second-largest supplier, India (X kg), more than tenfold. The third position in this ranking was held by the United States (X kg), with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+15.9% per year) and the United States (+60.4% per year).

In value terms, China ($X) constituted the largest supplier of metal permanent magnets to Bahrain, comprising 52% of total imports. The second position in the ranking was held by the United States ($X), with a 24% share of total imports. It was followed by India, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+105.9% per year) and India (-7.0% per year).

Import Prices by Country

The average metal permanent magnet import price stood at $X per ton in 2022, growing by 3.7% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal permanent magnet import price decreased by -26.5% against 2020 indices. The growth pace was the most rapid in 2013 an increase of 52%. The import price peaked at $X per ton in 2016; however, from 2017 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 ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+28.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform