Bahrain: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in Bahrain

The Bahraini wooden kitchen furniture market rose to $X in 2022, picking up by 4.5% against the previous year. Over the period under review, consumption posted a prominent increase. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Wooden Kitchen Furniture Production in Bahrain

In value terms, wooden kitchen furniture production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a resilient increase. The pace of growth was the most pronounced in 2015 when the production volume increased by 83% against the previous year. Wooden kitchen furniture production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Wooden Kitchen Furniture Exports

Exports from Bahrain

In 2022, the amount of wooden furniture for kitchens exported from Bahrain dropped to X units, reducing by -14.8% against the previous year's figure. Over the period under review, exports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2018 when exports increased by 281%. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden kitchen furniture exports dropped significantly to $X in 2022. In general, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 204%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X units) was the main destination for wooden kitchen furniture exports from Bahrain, with a 67% share of total exports. Moreover, wooden kitchen furniture exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X units), fourfold. Kuwait (X units) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia totaled +23.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+44.6% per year) and Kuwait (+26.4% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for wooden furniture for kitchens exports from Bahrain, comprising 61% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 19% share of total exports. It was followed by Kuwait, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia stood at +19.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+46.3% per year) and Kuwait (+24.3% per year).

Export Prices by Country

In 2022, the average wooden kitchen furniture export price amounted to $X per unit, with a decrease of -9.4% against the previous year. Over the period under review, the export price saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2016 when the average export price increased by 56%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to Saudi Arabia ($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 the United Arab Emirates (+1.2%), while the prices for the other major destinations experienced a decline.

Wooden Kitchen Furniture Imports

Imports into Bahrain

Wooden kitchen furniture imports into Bahrain shrank dramatically to X units in 2022, reducing by -19.6% against the previous year's figure. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.0% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 102%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden kitchen furniture imports fell remarkably to $X in 2022. Overall, imports saw a mild setback. The most prominent rate of growth was recorded in 2014 when imports increased by 87% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and Germany (X units) were the main suppliers of wooden kitchen furniture imports to Bahrain, together comprising 58% of total imports. The United Arab Emirates, Malaysia, Lithuania, Turkey and Thailand lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +28.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden kitchen furniture suppliers to Bahrain were Germany ($X), Italy ($X) and China ($X), together comprising 68% of total imports. The United Arab Emirates, Malaysia, Turkey, Lithuania and Thailand lagged somewhat behind, together comprising a further 21%.

Among the main suppliers, Lithuania, with a CAGR of +12.1%, saw 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 wooden kitchen furniture import price stood at $X per unit in 2022, waning by -7.9% against the previous year. Over the period under review, the import price recorded a perceptible decrease. The pace of growth appeared the most rapid in 2021 an increase of 15%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+12.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform