Milled Rice Price in Bahrain - 2022
Contents:
- Milled Rice Price in Bahrain (CIF) - 2022
- Milled Rice Price in Bahrain (FOB) - 2022
- Milled Rice Imports in Bahrain
- Milled Rice Exports in Bahrain
Milled Rice Price in Bahrain (CIF) - 2022
The average milled rice import price stood at $972 per ton in 2022, surging by 14% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 33% against the previous year. As a result, import price attained the peak level of $1,070 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($1,003 per ton) and Thailand ($938 per ton), while the price for Vietnam ($789 per ton) and Pakistan ($822 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Milled Rice Price in Bahrain (FOB) - 2022
The average milled rice export price stood at $453 per ton in 2022, dropping by -44.1% against the previous year. Overall, the export price recorded a abrupt decline. The pace of growth appeared the most rapid in 2013 an increase of 39% against the previous year. The export price peaked at $1,411 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($1,375 per ton), while the average price for exports to the United Arab Emirates ($415 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+6.7%), while the prices for the other major destinations experienced mixed trend patterns.
Milled Rice Imports in Bahrain
Milled rice imports into Bahrain rose rapidly to 67K tons in 2022, growing by 6.1% on 2021 figures. Over the period under review, imports, however, saw a noticeable shrinkage.
In value terms, milled rice imports surged to $65M in 2022. In general, imports, however, recorded a perceptible contraction.
| Import of Milled Rice in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 47.5 | 48.9 | 41.7 | 51.4 | 2.7% |
| Pakistan | 17.4 | 11.6 | 7.8 | 8.8 | -20.3% |
| Vietnam | 1.5 | 1.9 | 1.6 | 2.2 | 13.6% |
| Thailand | 1.7 | 1.9 | 0.6 | 1.1 | -13.5% |
| Others | 2.5 | 3.2 | 2.3 | 1.7 | -12.1% |
| Total | 70.7 | 67.4 | 54.1 | 65.3 | -2.6% |
Top Suppliers of Milled Rice to Bahrain in 2022:
- India (51.3K tons)
- Pakistan (10.7K tons)
- Vietnam (2.8K tons)
- Thailand (1.2K tons)
Milled Rice Exports in Bahrain
In 2022, milled rice exports from Bahrain surged to 3.7K tons, increasing by 144% against the previous year's figure. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 197%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, milled rice exports skyrocketed to $1.7M in 2022. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 139%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Milled Rice in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 1,408 | 0% |
| Jordan | N/A | N/A | 166 | 80.9 | -51.3% |
| Saudi Arabia | 634 | 416 | 659 | 76.9 | -50.5% |
| India | 30.6 | N/A | 219 | 44.1 | 13.0% |
| Others | 113 | 98.0 | 183 | 66.1 | -16.4% |
| Total | 777 | 514 | 1,227 | 1,676 | 29.2% |
Top Export Markets for Milled Rice from Bahrain in 2022:
- United Arab Emirates (3390.5 tons)
- Jordan (138.8 tons)
- India (67.1 tons)
- Saudi Arabia (55.9 tons)
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