Bahrain: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Bahrain

The Bahraini market for turbo, rotary and reciporating displacement compressors surged to $X in 2022, rising by 46% 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, however, recorded a mild decrease. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Bahrain

After three years of growth, overseas shipments of turbo, rotary and reciporating displacement compressors decreased by -52.7% to X units in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 2,233% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of turbo, rotary and reciporating displacement compressors contracted significantly to $X in 2022. In general, exports, however, showed moderate growth. The pace of growth was the most pronounced in 2013 with an increase of 2,306%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

China (X units), the United Arab Emirates (X units) and Saudi Arabia (X units) were the main destinations of exports of turbo, rotary and reciporating displacement compressors from Bahrain, together accounting for 70% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +827.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for turbo, rotary and reciporating displacement compressor exported from Bahrain were the United Arab Emirates ($X), Saudi Arabia ($X) and China ($X), together accounting for 85% of total exports.

In terms of the main countries of destination, China, with a CAGR of +578.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, declining by -49.7% against the previous year. In general, the export price, however, saw a tangible expansion. The growth pace was the most rapid in 2015 an increase of 158% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Germany ($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 India (+26.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Bahrain

In 2022, the amount of turbo, rotary and reciporating displacement compressors imported into Bahrain skyrocketed to X units, jumping by 23% compared with 2021 figures. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 672%. Over the period under review, imports of reached the peak figure at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of turbo, rotary and reciporating displacement compressors soared to $X in 2022. In general, imports, however, recorded a noticeable curtailment. The pace of growth was the most pronounced in 2017 with an increase of 500% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), China (X units) and Italy (X units) were the main suppliers of imports of turbo, rotary and reciporating displacement compressors to Bahrain, with a combined 84% share of total imports. Germany, Japan, India and the United Arab Emirates lagged somewhat behind, together comprising a further 9.7%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +25.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of turbo, rotary and reciporating displacement compressors to Bahrain, comprising 78% of total imports. The second position in the ranking was held by Italy ($X), with a 7.5% share of total imports. It was followed by Germany, with a 3.3% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+32.4% per year) and Germany (+5.2% per year).

Import Prices by Country

In 2022, the average import price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, surging by 91% against the previous year. Overall, the import price, however, continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2021 an increase of 203%. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform