Bahrain: Threaded Copper Articles Market 2024

Threaded Copper Articles Market Size in Bahrain

The Bahraini threaded copper articles market was estimated at $X in 2022, growing by 8.3% against the previous year. Overall, consumption recorded a slight curtailment. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Threaded Copper Articles Production in Bahrain

In value terms, threaded copper articles production rose markedly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2013 with an increase of 58% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Threaded Copper Articles Exports

Exports from Bahrain

In 2022, overseas shipments of threaded articles of copper increased by 227% to X kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2018 when exports increased by 809% against the previous year. The exports peaked at X kg in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, threaded copper articles exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 1,274% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for threaded copper articles exports from Bahrain, accounting for a 73% share of total exports. Moreover, threaded copper articles exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+14.9% per year) and Canada (0.0% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for threaded articles of copper exports from Bahrain, comprising 82% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates stood at +25.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+16.5% per year) and Canada (0.0% per year).

Export Prices by Country

In 2022, the average threaded copper articles export price amounted to $X per ton, with an increase of 15% against the previous year. Overall, the export price recorded resilient growth. The most prominent rate of growth was recorded in 2020 an increase of 98% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Canada ($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 the United Arab Emirates (+11.3%).

Threaded Copper Articles Imports

Imports into Bahrain

For the third year in a row, Bahrain recorded decline in overseas purchases of threaded articles of copper, which decreased by -18.4% to X tons in 2022. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 2,634% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, threaded copper articles imports skyrocketed to $X in 2022. Overall, imports, however, recorded a pronounced expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 1,847%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

India (X kg), China (X kg) and Italy (X kg) were the main suppliers of threaded copper articles imports to Bahrain, with a combined 70% share of total imports. Germany, New Zealand, Taiwan (Chinese), the UK and the United Arab Emirates lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +48.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest threaded copper articles suppliers to Bahrain were New Zealand ($X), China ($X) and India ($X), together comprising 79% of total imports. Germany, the UK, Italy, Taiwan (Chinese) and the United Arab Emirates lagged somewhat behind, together accounting for a further 20%.

Among the main suppliers, Germany, with a CAGR of +41.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average threaded copper articles import price stood at $X per ton in 2022, rising by 54% against the previous year. In general, the import price saw resilient growth. The growth pace was the most rapid in 2018 an increase of 61%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+113.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform