Bahrain: Non-Electric Pulley Tackle Market 2024

Non-Electric Pulley Tackle Market Size in Bahrain

The Bahraini non-electric pulley tackle market reduced notably to $X in 2022, dropping by -36.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a noticeable setback. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Non-Electric Pulley Tackle Exports

Exports from Bahrain

In 2022, the amount of pulley tackle and hoists, non-powered by electric motor exported from Bahrain dropped rapidly to X units, reducing by -84.8% on 2021. In general, exports, however, showed modest growth. The pace of growth appeared the most rapid in 2017 with an increase of 5,098%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-electric pulley tackle exports dropped dramatically to $X in 2022. Overall, exports, however, posted noticeable growth. The growth pace was the most rapid in 2017 with an increase of 1,581%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Turkey (X units) was the main destination for non-electric pulley tackle exports from Bahrain, accounting for a 59% share of total exports. Moreover, non-electric pulley tackle exports to Turkey exceeded the volume sent to the second major destination, the UK (X units), fivefold. Saudi Arabia (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 Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+14.4% per year) and Saudi Arabia (-19.9% per year).

In value terms, the UK ($X) emerged as the key foreign market for pulley tackle and hoists, non-powered by electric motor exports from Bahrain, comprising 51% of total exports. The second position in the ranking was held by Turkey ($X), with a 14% share of total exports. It was followed by Saudi Arabia, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to +33.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and Saudi Arabia (-10.3% per year).

Export Prices by Country

In 2022, the average non-electric pulley tackle export price amounted to $X per unit, which is down by -19.3% against the previous year. Overall, the export price, however, showed a temperate increase. The pace of growth appeared the most rapid in 2015 an increase of 258%. The export price peaked at $X per unit in 2016; however, from 2017 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 the UK ($X per unit), while the average price for exports to Turkey ($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 Italy (+79.5%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Pulley Tackle Imports

Imports into Bahrain

In 2022, the amount of pulley tackle and hoists, non-powered by electric motor imported into Bahrain contracted notably to X units, which is down by -38.9% compared with 2021. Overall, imports continue to indicate a noticeable slump. The pace of growth was the most pronounced in 2021 when imports increased by 329% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, non-electric pulley tackle imports reduced markedly to $X in 2022. Over the period under review, imports recorded a perceptible decline. The pace of growth was the most pronounced in 2016 when imports increased by 297%. Over the period under review, imports hit record highs at $X in 2021, and then shrank remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-electric pulley tackle to Bahrain, accounting for a 71% share of total imports. Moreover, non-electric pulley tackle imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), sixfold. Japan (X units) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+30.0% per year) and Japan (-21.1% per year).

In value terms, the largest non-electric pulley tackle suppliers to Bahrain were the United States ($X), China ($X) and the UK ($X), with a combined 71% share of total imports. Germany, Japan, Italy and the Netherlands lagged somewhat behind, together comprising a further 25%.

Germany, with a CAGR of +79.9%, saw the highest rates of growth with regard to the value of imports, in terms of 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-electric pulley tackle import price amounted to $X per unit, shrinking by -25.3% against the previous year. Overall, the import price showed a slight descent. The most prominent rate of growth was recorded in 2020 an increase of 102% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a lower figure.

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 Germany (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform