Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Bahrain - 2022

Contents:

1. Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Bahrain (FOB) - 2022
2. Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Bahrain (CIF) - 2022
3. Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Bahrain
4. Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Bahrain

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Bahrain (FOB) - 2022

The average export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds stood at $1,284 per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price, however, showed a pronounced shrinkage. The pace of growth was the most pronounced in 2019 an increase of 63%. The export price peaked at $2,063 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($1,357 per ton), while the average price for exports to Malaysia totaled $1,231 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Bahrain (CIF) - 2022

The average import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds stood at $8,524 per ton in 2022, jumping by 68% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds increased by +121.4% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Vietnam ($18,911 per ton), while the price for Argentina ($141 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Bahrain

In 2022, shipments abroad of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds decreased by -55.8% to 3K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 241%.

In value terms, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds dropped dramatically to $3.8M in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 169%.

Top Export Markets for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved from Bahrain in 2022:

1. Malaysia (2497.2 tons)
2. South Korea (469.7 tons)
3. Saudi Arabia (4.4 tons)

Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Bahrain

In 2022, purchases abroad of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds decreased by -51.9% to 184 tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a abrupt setback. The growth pace was the most rapid in 2020 when imports increased by 20%. As a result, imports attained the peak of 410 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds contracted significantly to $1.6M in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 22%.

Top Suppliers of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved to Bahrain in 2022:

1. United Arab Emirates (68.6 tons)
2. Philippines (20.6 tons)
3. Greece (15.0 tons)
4. Saudi Arabia (14.8 tons)
5. Kuwait (10.0 tons)
6. Thailand (9.5 tons)
7. Canada (6.4 tons)
8. Japan (5.5 tons)
9. Spain (4.9 tons)
10. China (4.0 tons)
11. Argentina (4.0 tons)
12. Taiwan (Chinese) (3.8 tons)
13. Vietnam (3.1 tons)

Source: IndexBox Market Intelligence Platform