Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Bahrain - 2022

Contents:

1. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Bahrain (CIF) - 2022
2. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Bahrain (FOB) - 2022
3. Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Bahrain
4. Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Bahrain

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Bahrain (CIF) - 2022

The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $6,905 per ton in 2022, with a decrease of -2% against the previous year. Over the period under review, the import price continues to indicate a mild decline. The pace of growth appeared the most rapid in 2016 when the average import price increased by 42% against the previous year. Over the period under review, average import prices hit record highs at $8,622 per ton in 2017; however, from 2018 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 Vietnam ($17,726 per ton), while the price for the Philippines ($3,342 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Bahrain (FOB) - 2022

The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $33,354 per ton in 2022, jumping by 29% against the previous year. Overall, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2016 an increase of 89%. As a result, the export price attained the peak level of $50,625 per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Niger ($49,600 per ton), while the average price for exports to Saudi Arabia ($25,828 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 (+11.8%).

Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Bahrain

After three years of growth, purchases abroad of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses decreased by -5.1% to 94 tons in 2022. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 629%.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses contracted to $648K in 2022. Overall, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 663%.

Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers to Bahrain in 2022:

1. United Arab Emirates (58.8 tons)
2. Philippines (19.4 tons)
3. Kuwait (9.9 tons)
4. Vietnam (2.3 tons)

Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Bahrain

In 2022, after three years of growth, there was significant decline in overseas shipments of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses, when their volume decreased by -7.3% to 178 kg. The total export volume increased at an average annual rate of +7.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. As a result, the exports attained the peak of 192 kg, and then reduced in the following year.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses skyrocketed to $5.9K in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.8% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers from Bahrain in 2022:

1. Saudi Arabia (87.0 kg)
2. Niger (50.0 kg)
3. Jordan (23.0 kg)
4. Oman (18.0 kg)

Source: IndexBox Market Intelligence Platform