Bahrain: Prisms And Mirrors Market 2024

Prisms And Mirrors Market Size in Bahrain

In 2022, the Bahraini prisms and mirrors market decreased by -36.1% to $X, falling for the fourth consecutive year after two years of growth. Overall, consumption enjoyed a significant expansion. Prisms and mirrors consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Prisms And Mirrors Production in Bahrain

In value terms, prisms and mirrors production rose modestly to $X in 2022 estimated in export price. Over the period under review, production posted perceptible growth. The pace of growth was the most pronounced in 2016 when the production volume increased by 39% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Prisms And Mirrors Exports

Exports from Bahrain

In 2022, prisms and mirrors exports from Bahrain skyrocketed to X kg, increasing by 5,380% on the previous year's figure. Overall, exports, however, continue to indicate a abrupt decline. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, prisms and mirrors exports skyrocketed to $X in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 3,866% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X kg) was the main destination for prisms and mirrors exports from Bahrain, with a 91% share of total exports. Moreover, prisms and mirrors exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia stood at -3.8%.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for prisms and mirrors exports from Bahrain, comprising 95% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 4.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia stood at +24.3%.

Export Prices by Country

In 2022, the average prisms and mirrors export price amounted to $X per ton, falling by -36.7% against the previous year. Over the period under review, the export price, however, recorded a significant increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 1,444% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+234.2%), while the prices for the other major destinations experienced mixed trend patterns.

Prisms And Mirrors Imports

Imports into Bahrain

In 2022, the amount of prisms and mirrors imported into Bahrain fell to X tons, which is down by -1.7% compared with the previous year. Overall, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 154% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, prisms and mirrors imports contracted to $X in 2022. In general, imports, however, recorded a slight increase. The pace of growth appeared the most rapid in 2015 when imports increased by 146%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X kg) constituted the largest prisms and mirrors supplier to Bahrain, with a 55% share of total imports. Moreover, prisms and mirrors imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X kg), twofold. The third position in this ranking was held by the United States (X kg), with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea totaled -16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.1% per year) and the United States (-0.5% per year).

In value terms, the largest prisms and mirrors suppliers to Bahrain were South Korea ($X), China ($X) and Switzerland ($X), together comprising 52% of total imports. The United States, Germany, India, Singapore and Thailand lagged somewhat behind, together accounting for a further 30%.

India, with a CAGR of +122.2%, recorded the highest rates of growth with regard to 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

The average prisms and mirrors import price stood at $X per ton in 2022, dropping by -13.4% against the previous year. Over the period under review, the import price, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 111% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 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 Switzerland ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+58.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform