Bahrain: Road Wheel Market 2025

Road Wheel Market Size in Bahrain

The Bahraini road wheel market dropped to $X in 2022, which is down by -4.7% against the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Road Wheel Production in Bahrain

In value terms, road wheel production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 35% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Road Wheel Exports

Exports from Bahrain

In 2022, shipments abroad of road wheels decreased by -2.4% to X tons, falling for the fourth consecutive year after two years of growth. Overall, exports continue to indicate a sharp contraction. The growth pace was the most rapid in 2017 when exports increased by 722%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, road wheel exports soared to $X in 2022. In general, exports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 861%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons) and Tanzania (X tons) were the main destinations of road wheel exports from Bahrain, together accounting for 76% of total exports.

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 +12.8%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Tanzania ($X) and Singapore ($X) were the largest markets for road wheel exported from Bahrain worldwide, with a combined 73% share of total exports. The United Arab Emirates, the United States, Hong Kong SAR and Kuwait lagged somewhat behind, together accounting for a further 22%.

The United Arab Emirates, with a CAGR of +7.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average road wheel export price stood at $X per ton in 2022, picking up by 74% against the previous year. Over the period under review, the export price continues to indicate strong growth. The most prominent rate of growth was recorded in 2014 an increase of 166%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+30.1%), while the prices for the other major destinations experienced more modest paces of growth.

Road Wheel Imports

Imports into Bahrain

For the third year in a row, Bahrain recorded decline in purchases abroad of road wheels, which decreased by -14.3% to X tons in 2022. In general, imports faced a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 28%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, road wheel imports reduced to $X in 2022. Overall, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2017 when imports increased by 56% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of road wheel to Bahrain, accounting for a 47% share of total imports. Moreover, road wheel imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. Germany (X tons) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+4.5% per year) and Germany (+5.4% per year).

In value terms, Japan ($X), China ($X) and the United States ($X) were the largest road wheel suppliers to Bahrain, with a combined 60% share of total imports. Germany, South Korea, Taiwan (Chinese), Sri Lanka and the United Arab Emirates lagged somewhat behind, together comprising a further 18%.

Sri Lanka, with a CAGR of +56.0%, saw the highest growth rate of 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

The average road wheel import price stood at $X per ton in 2022, increasing by 7.8% against the previous year. In general, the import price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 21%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform