Price for Butter and Other Fats and Oils Derived from Milk in Bahrain - 2022
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Bahrain (CIF) - 2022
- Price for Butter and Other Fats and Oils Derived from Milk in Bahrain (FOB) - 2022
- Imports of Butter and Other Fats and Oils Derived from Milk in Bahrain
- Exports of Butter and Other Fats and Oils Derived from Milk in Bahrain
Price for Butter and Other Fats and Oils Derived from Milk in Bahrain (CIF) - 2022
In 2022, the average import price for butter and other fats and oils derived from milk amounted to $5,590 per ton, growing by 27% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The import price peaked at $5,887 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($8,326 per ton), while the price for Saudi Arabia ($4,849 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Butter and Other Fats and Oils Derived from Milk in Bahrain (FOB) - 2022
In 2022, the average export price for butter and other fats and oils derived from milk amounted to $5,083 per ton, surging by 33% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 44%. As a result, the export price reached the peak level of $7,695 per ton. From 2017 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 India ($9,161 per ton), while the average price for exports to Saudi Arabia ($4,292 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 Oman (+9.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Butter and Other Fats and Oils Derived from Milk in Bahrain
Imports of butter and other fats and oils derived from milk into Bahrain surged to 24K tons in 2022, jumping by 89% on the previous year. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 93% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of butter and other fats and oils derived from milk surged to $137M in 2022. Overall, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Butter and Other Fats and Oils Derived from Milk in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.1 | 4.1 | 25.1 | 51.5 | 260.4% |
| India | 3.7 | 2.2 | 4.7 | 45.3 | 130.5% |
| Uruguay | N/A | 4.8 | 2.3 | 12.1 | 58.8% |
| New Zealand | 11.5 | 2.0 | 1.0 | 9.9 | -4.9% |
| Argentina | N/A | N/A | N/A | 9.7 | 0% |
| Denmark | 2.0 | 3.5 | 2.4 | 3.1 | 15.7% |
| Saudi Arabia | 1.6 | 2.4 | 14.0 | 1.9 | 5.9% |
| Ireland | 2.4 | 9.7 | 1.4 | 0.2 | -56.3% |
| Others | 2.8 | 3.4 | 6.1 | 2.9 | 1.2% |
| Total | 25.1 | 32.1 | 57.1 | 137 | 76.1% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Bahrain in 2022:
- United States (9.0K tons)
- India (8.9K tons)
- Uruguay (2.2K tons)
- Argentina (1.6K tons)
- New Zealand (1.5K tons)
- Saudi Arabia (0.4K tons)
- Denmark (0.4K tons)
- Ireland (0.1K tons)
Exports of Butter and Other Fats and Oils Derived from Milk in Bahrain
In 2022, after three years of growth, there was significant decline in overseas shipments of butter and other fats and oils derived from milk, when their volume decreased by -66% to 256 tons. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 816%. As a result, the exports reached the peak of 751 tons, and then shrank rapidly in the following year.
In value terms, exports of butter and other fats and oils derived from milk reduced sharply to $1.3M in 2022. Overall, exports, however, showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 630% against the previous year. As a result, the exports reached the peak of $2.9M, and then contracted markedly in the following year.
| Export of Butter and Other Fats and Oils Derived from Milk in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 85.8 | 5.3 | 2,580 | 855 | 115.2% |
| India | N/A | 9.9 | 29.4 | 46.3 | 116.3% |
| Oman | N/A | N/A | 11.4 | 27.9 | 144.7% |
| Free Zones | 70.1 | 86.7 | N/A | N/A | 23.7% |
| United States | 21.5 | 272 | N/A | N/A | 1165.1% |
| Others | 127 | 19.9 | 252 | 370 | 42.8% |
| Total | 304 | 394 | 2,873 | 1,299 | 62.3% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Bahrain in 2022:
- Saudi Arabia (199.2 tons)
- India (5.1 tons)
- Oman (3.2 tons)
161
This report provides an in-depth analysis of the butter and ghee market in Bahrain.
164
This report provides an in-depth analysis of the ghee market in Bahrain.
180
This report provides an in-depth analysis of the butter market in Bahrain.
160
This report provides an in-depth analysis of the dairy produce market in Bahrain.
152
This report provides an in-depth analysis of the market for butter and dairy spreads in Bahrain.
92
This report provides an in-depth analysis of the dairy spread market in Bahrain.
2103
This report provides an in-depth analysis of the global butter and ghee market.
2841
This report provides an in-depth analysis of the global ghee market.
3238
This report provides an in-depth analysis of the global butter market.
942
This report provides an in-depth analysis of the global dairy produce market.
7872
Global butter and ghee consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
2853
Global butter and ghee exports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
6344
Global butter and ghee imports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
6788
In 2015, the countries with the highest levels of butter and ghee production were Turkey (X thousand tons), Iran (X thousand tons), Syria (X thousand tons), together accounting for X% of total output.
1033
The global butter and ghee market fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015.
2790
The market of butter and ghee fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015. Over the last year, the market dropped by X% in value terms.
1758
New Zealand seized control of the butter and ghee market. In 2014, New Zealand exported X thousand tons of butter and ghee totaling X USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total but
1584
New Zealand continued its dominance in the global ghee trade. In 2014, New Zealand exported X thousand tons of ghee totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total ghee
923
This year global butter production is anticipated to keep up with ha last year, amounting to 5.6M tons. The EU is forecast to decrease butter exports due to a slight drop in production amid an increase in demand. Butter exports from New Zealand are not forecast to grow due to increased competition with UHT cream for food service being increasingly in demand.
2015
The global trade in butter amounted to X million USD in 2015, fluctuating wildly over the period under review. A significant drop in 2009 was followed by a recovery over the next two years, until exports decreased again
