Fresh Chicken Cut Price in Bahrain - 2022
Contents:
- Fresh Chicken Cut Price in Bahrain (CIF) - 2022
- Fresh Chicken Cut Price in Bahrain (FOB) - 2022
- Fresh Chicken Cut Imports in Bahrain
- Fresh Chicken Cut Exports in Bahrain
Fresh Chicken Cut Price in Bahrain (CIF) - 2022
The average fresh chicken cut import price stood at $4,860 per ton in December 2022, leveling off at the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in April 2022 an increase of 5% m-o-m. Over the period under review, average import prices hit record highs in December 2022.
As there is only one major supplying country, the average price level is determined by prices for Saudi Arabia.
From December 2021 to December 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +0.7% per month.
Fresh Chicken Cut Price in Bahrain (FOB) - 2022
In 2022, the average fresh chicken cut export price amounted to $2,970 per ton, therefore, remained relatively stable against the previous year. Overall, export price indicated a tangible increase from 2014 to 2022: its price increased at an average annual rate of +2.5% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 an increase of 69%. As a result, the export price reached the peak level of $4,125 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($12,000 per ton), while the average price for exports to Free Zones stood at $6,222 per ton.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (+25.7%).
Fresh Chicken Cut Imports in Bahrain
After three years of growth, supplies from abroad of fresh or chilled cuts of chicken decreased by -9.1% to 2K tons in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 7.8% against the previous year.
In value terms, fresh chicken cut imports contracted to $9.4M in 2022. Over the period under review, imports recorded a slight contraction. The pace of growth appeared the most rapid in 2021 with an increase of 2.1% against the previous year. As a result, imports attained the peak of $10M, and then shrank in the following year.
| Import of Fresh Chicken Cut in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 9.2 | 9.0 | 9.1 | 9.4 | 0.7% |
| China | 0.2 | 0.2 | 0.2 | N/A | 0.0% |
| Jordan | 0.2 | 0.3 | 0.4 | N/A | 41.4% |
| Others | 0.3 | 0.3 | 0.2 | N/A | -18.4% |
| Total | 9.9 | 9.8 | 10.0 | 9.4 | -1.7% |
Top Suppliers of Fresh Chicken Cut to Bahrain in 2022:
- Saudi Arabia (1.9K tons)
Fresh Chicken Cut Exports in Bahrain
In 2022, overseas shipments of fresh or chilled cuts of chicken decreased by -11.8% to 67 kg, falling for the second year in a row after two years of growth. In general, exports recorded a slight shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 21% against the previous year. As a result, the exports attained the peak of 86 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, fresh chicken cut exports shrank to $199 in 2022. Over the period under review, exports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 11% against the previous year. As a result, the exports attained the peak of $255. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Fresh Chicken Cut in Bahrain (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 169 | 171 | N/A | 72.0 | -24.8% |
| Free Zones | 60.0 | 84.0 | N/A | 56.0 | -2.3% |
| Others | N/A | N/A | 225 | 71.0 | -68.4% |
| Total | 229 | 255 | 225 | 199 | -4.6% |
Top Export Markets for Fresh Chicken Cut from Bahrain in 2022:
- Free Zones (9.0 kg)
- United Arab Emirates (6.0 kg)
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