Bahrain’s aluminium wire export increased yoy in H1 2017; expected to boost further in the full year

<p>&nbsp;</p> <p>Owing to the faster growth of the building and construction sector, electrical applications have grown over the years driving demand for aluminium products like rod, wire, cable and conductor. Bahrain is a growing aluminium hub that houses Aluminium Bahrain (Alba), the oldest and the most profitable aluminium producer in the Middle East and a number of aluminium wire and cable manufacturers that export their products around the world.</p> <p>We are analysing the export data for aluminium wire in the first and second half of 2016 and the first of 2017 to get an idea about how the industry is moving recently.</p> <p style="text-align: center;"><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/chart%20(2).png" alt="News" width="517" height="226" /></p> <p>According to our data, Bahrain exported <strong>248597.57</strong> tonnes of aluminium wires in 2016. For the first half of the year, the amount stood at <strong>114707.8</strong> tonnes and it increased to <strong>133889.69</strong> tonnes in the second half.</p> <p>In the first half of 2017, the Middle East country is estimated to ship around <strong>157153.04</strong> tonnes of aluminium wires to the overseas markets.</p> <p>The value of wire exports by Bahrain in the first half of 2016 stood at US$ 231million, which increased to US$ 273.63 million in the second half of 2016. In the first half of 2017, total aluminium wire export from Bahrain is estimated to be valued at US$282 million.&nbsp;</p> <p>Since the aluminium producers in the Middle East are focusing on value added products and developing a profitable downstream sector, the production and export have seen a substantial rise recently. Given the uptrend that aluminium wire exports are showing already, they are expected to far exceed the estimated figure.</p> <p>{googleAdsense}</p> <p>Bahrain Welding Wire Products Manufacturing Company is one of the main aluminium wire producer in Bahrain, which was acquired by Midal Cables Ltd in 2010 from its Bahraini owner. The company consists of an Aluminium alloy mixing, casting &amp; rolling operation based on high quality &amp; purity Primary Liquid Aluminium from the nearby smelter - ALBA. The company produces Aluminium Rod, Wire and Aluminium Alloy Rod with yearly capacity of 35,000MT.</p> <p>Bahrain exported most of its domestically produced aluminium wires to the Middle East countries including the UAE (13970.28 tonnes), Saudi Arabia (70637.17 tonnes), Oman (3195.92 tonnes), and Iraq (4712.14 tonnes) in 2016.</p> <p>&nbsp;</p>