Bahrain"s construction materials market has seen significant shifts in the trade of concrete blocks, influenced by various economic activities. In 2023, the market experienced an impressive increase in concrete block imports, reaching 7,088,172. 413 kg valued at $1,669,582. 303, compared to 1,306,450. 92 kg valued at $380,391. 089 in 2022. This notable rise in import volume and value indicates a heightened demand in the domestic construction industry likely due to expanding infrastructure projects. Examining export trends, the concrete blocks market in Bahrain shows fluctuating figures.
In 2023, exports amounted to 594. 834 kg worth $109. 367, a significant drop from 43,325 kg valued at $13,070. 399 in 2022. This suggests a strategic shift in Bahrain"s focus towards meeting local construction demands rather than foreign markets. The price trends reflect these dynamics, with the unit price of imported concrete blocks increasing, signaling a potential scarcity or higher cost in sourcing these materials internationally. Conversely, domestic exports plummeted to 244. 807 kg at $45.
011 in 2023 from 42,000 kg at $6,514. 548 in 2022, indicating a reallocation of resources to satisfy internal consumption. Re-exports also show an intriguing trend. The volume and value of re-exported concrete blocks surged in 2023 to 350. 027 kg valued at $64. 356 from 1,325 kg valued at $6,555. 851 in 2022, suggesting Bahrain"s role as a regional trade hub is strengthening. These statistics underscore Bahrain’s strategic focus on bolstering its domestic construction sector, potentially driven by government infrastructure initiatives.
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