Live Fish Price in Bahrain - 2022

Contents:

1. Live Fish Price in Bahrain (CIF) - 2022
2. Live Fish Price in Bahrain (FOB) - 2022
3. Live Fish Imports in Bahrain
4. Live Fish Exports in Bahrain

Live Fish Price in Bahrain (CIF) - 2022

The average live fish import price stood at $11,032 per ton in 2022, with an increase of 21% against the previous year. Overall, the import price, however, continues to indicate a mild curtailment. The import price peaked at $14,046 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($55,477 per ton), while the price for Sri Lanka ($7,442 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Live Fish Price in Bahrain (FOB) - 2022

In 2022, the average live fish export price amounted to $3,315 per ton, dropping by -24.8% against the previous year. Over the period under review, the export price, however, showed a strong increase. The pace of growth appeared the most rapid in 2018 an increase of 943% against the previous year. Over the period under review, the average export prices reached the peak figure at $6,487 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($4,382 per ton), while the average price for exports to Thailand amounted to $1,128 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+257.7%), while the prices for the other major destinations experienced more modest paces of growth.

Live Fish Imports in Bahrain

After three years of growth, overseas purchases of live fish decreased by -25% to 42 tons in 2022. Over the period under review, imports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year. As a result, imports reached the peak of 56 tons, and then declined significantly in the following year.

In value terms, live fish imports declined to $464K in 2022. In general, imports saw a pronounced curtailment. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. As a result, imports reached the peak of $511K, and then contracted in the following year.

Top Suppliers of Live Fish to Bahrain in 2022:

1. Thailand (21.5 tons)
2. Sri Lanka (7.7 tons)
3. Indonesia (6.6 tons)
4. India (1.6 tons)
5. Japan (1.1 tons)
6. Kenya (0.8 tons)

Live Fish Exports in Bahrain

Live fish exports from Bahrain soared to 56 tons in 2022, growing by 46% on 2021 figures. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 1,111%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, live fish exports stood at $187K in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 1,951% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Top Export Markets for Live Fish from Bahrain in 2022:

1. Saudi Arabia (31.4 tons)
2. Thailand (25.0 tons)

Source: IndexBox Market Intelligence Platform