Bahrain"s construction sector has shown a dynamic shift in the trade of building materials, specifically rebar and beams, which are critical components for infrastructure projects. Analyzing recent trade data reveals significant trends in import and export activities that highlight the market"s evolving landscape. According to the latest data, Bahrain"s import volume for building blocks and bricks of cement and concrete skyrocketed in 2023, reaching over 7 million kg with a total value surpassing $1. 66 million. This marks a notable increase from 2022, where imports stood at approximately 1. 3 million kg valued at $380,391. The sharp rise in import quantities suggests a sustained demand for construction materials, likely driven by ongoing infrastructure developments. Conversely, the export figures for the same category reflect a fluctuating but generally increasing trend.
In 2023, exports reached nearly 595 kg with a value of $109,367, contrasting the 43,325 kg exported in 2022 valued at $13,070. This increase in export value, despite a reduction in volume compared to prior years, indicates a shift towards higher-priced or value-added products. Price trends also reveal significant insights. From 2020 to 2023, the price per kg of imported materials increased from roughly $0. 08 in 2020 to $0. 24 in 2023, reflecting global price increases in raw materials and shipping costs. This escalation underscores the importance for local construction companies to strategically source materials to manage costs effectively. For businesses looking to engage with Bahrain"s construction materials market, identifying reliable suppliers is crucial.
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