Bahrain - Crude Sunflower-Seed And Safflower Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Crude Sunflower-Seed and Safflower Oil in Bahrain - 2022
Contents:
- Price for Crude Sunflower-Seed and Safflower Oil in Bahrain (CIF) - 2022
- Price for Crude Sunflower-Seed and Safflower Oil in Bahrain (FOB) - 2022
- Imports of Crude Sunflower-Seed and Safflower Oil in Bahrain
- Exports of Crude Sunflower-Seed and Safflower Oil in Bahrain
Price for Crude Sunflower-Seed and Safflower Oil in Bahrain (CIF) - 2022
The average import price for crude sunflower-seed and safflower oil stood at $1,887 per ton in 2022, rising by 20% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 43% against the previous year. The import price peaked at $1,919 per ton in 2013; afterwards, it flattened through to 2022.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ukraine ($1,987 per ton), while the price for Turkey stood at $1,811 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Crude Sunflower-Seed and Safflower Oil in Bahrain (FOB) - 2022
In 2022, the average export price for crude sunflower-seed and safflower oil amounted to $5,750 per ton, remaining relatively unchanged against the previous year. Overall, the export price posted tangible growth. The growth pace was the most rapid in 2015 a decrease of -93.4% against the previous year. The export price peaked at $28,018 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Oman.
From 2012 to 2022, the rate of growth in terms of prices for Kuwait amounted to +36.4% per year.
Imports of Crude Sunflower-Seed and Safflower Oil in Bahrain
In 2022, supplies from abroad of crude sunflower-seed and safflower oil decreased by -20.3% to 167 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 76% against the previous year. As a result, imports reached the peak of 1.2K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, crude sunflower-seed and safflower oil imports shrank slightly to $315K in 2022. Overall, imports saw a precipitous decline. The pace of growth was the most pronounced in 2020 with an increase of 79%. As a result, imports attained the peak of $1.3M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Crude Sunflower-Seed and Safflower Oil in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 203 | 217 | 17.3 | 251 | 7.3% |
| Ukraine | 101 | 174 | 42.7 | 51.9 | -19.9% |
| France | 17.2 | 51.1 | 15.8 | 1.0 | -61.3% |
| United Arab Emirates | 12.9 | 15.9 | 0.7 | N/A | -76.7% |
| Oman | 8.6 | 20.5 | 6.4 | N/A | -13.7% |
| Singapore | 357 | 776 | 240 | N/A | -18.0% |
| Others | 11.9 | 17.1 | 6.7 | 11.5 | -1.1% |
| Total | 711 | 1,272 | 329 | 315 | -23.8% |
Top Suppliers of Crude Sunflower-Seed and Safflower Oil to Bahrain in 2022:
- Turkey (138.5 tons)
- Ukraine (26.1 tons)
- France (0.4 tons)
Exports of Crude Sunflower-Seed and Safflower Oil in Bahrain
In 2022, the amount of crude sunflower-seed and safflower oil exported from Bahrain stood at 12 kg, therefore, remained relatively stable against the previous year's figure. Over the period under review, exports faced a sharp reduction. The smallest decline of 99.9% was in 2021.
In value terms, crude sunflower-seed and safflower oil exports totaled $69 in 2022. In general, exports showed a dramatic setback. The smallest decline of 99.9% was in 2021.
| Export of Crude Sunflower-Seed and Safflower Oil in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Oman | N/A | N/A | 0.1 | 0% | |
| Kuwait | 27.5 | N/A | N/A | 0% | |
| United States | 42.5 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 70.0 | N/A | 0.1 | -96.2% | |
Top Export Markets for Crude Sunflower-Seed and Safflower Oil from Bahrain in 2022:
- Oman (12.0 kg)
This report provides an in-depth analysis of the market for crude sunflower-seed and safflower oil in Bahrain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 268 - Oil of Sunflower Seed
- FCL 281 - Oil of Safflower Seed
Country coverage:
- Bahrain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bahrain
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Over the past year, the prices for sunflower oil have doubled, against robust demand and depleting sunflower seed stocks. The dry weather conditions negatively affected the sunflower crop yield in 2020, but the market is now seeing a sturdy recovery. The production of sunflower oil is forecast to increase in 2021 driven by strong demand that promotes investments in the expansion of harvested areas.
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