Price for Flours and Meals; of Soya Beans in Bahrain - 2022

Price for Flours and Meals; of Soya Beans in Bahrain (CIF) - 2022

The average import price for flours and meals; of soya beanses stood at $1,754 per ton in 2022, picking up by 66% against the previous year. In general, the import price continues to indicate a noticeable increase. The pace of growth was the most pronounced in 2015 an increase of 105%. Over the period under review, average import prices hit record highs at $2,226 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($5,683 per ton), while the price for Japan ($1,002 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flours and Meals; of Soya Beans in Bahrain (FOB) - 2022

In 2022, the average export price for flours and meals; of soya beanses amounted to $4,977 per ton, shrinking by -80.5% against the previous year. In general, the export price, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 an increase of 751%. As a result, the export price attained the peak level of $25,481 per ton, and then contracted rapidly in the following year.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2017 to 2022, the rate of growth in terms of prices for Oman amounted to +106.6% per year.

Imports of Flours and Meals; of Soya Beans in Bahrain

In 2022, approx. 22 tons of flours and meals; of soya beanses were imported into Bahrain; increasing by 33% compared with 2021 figures. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 97%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of flours and meals; of soya beanses skyrocketed to $39K in 2022. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Flours and Meals; of Soya Beans in Bahrain (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	1.4	6.7	3.4	17.5	132.1%
China	0.2	0.4	0.6	8.3	246.2%
Indonesia	N/A	N/A	N/A	5.1	0%
Taiwan (Chinese)	0.5	0.3	0.4	4.0	100.0%
United States	0.4	0.2	0.6	1.8	65.1%
Japan	0.5	N/A	0.3	1.3	37.5%
United Arab Emirates	3.9	6.8	3.6	1.2	-32.5%
Argentina	4.2	5.5	5.9	N/A	18.5%
Australia	1.5	1.0	1.4	N/A	-3.4%
Others	0.5	0.8	1.5	0.1	-41.5%
Total	13.3	21.6	17.7	39.3	43.5%

Top Suppliers of Flours and Meals; of Soya Beans to Bahrain in 2022:

India (12.1 tons)
China (5.3 tons)
Indonesia (1.6 tons)
Japan (1.3 tons)
United Arab Emirates (0.8 tons)
Taiwan (Chinese) (0.7 tons)
United States (0.4 tons)

Exports of Flours and Meals; of Soya Beans in Bahrain

In 2022, the amount of flours and meals; of soya beanses exported from Bahrain surged to 222 kg, increasing by 311% on the previous year's figure. Over the period under review, exports, however, recorded a dramatic curtailment.

In value terms, exports of flours and meals; of soya beanses plummeted to $1.1K in 2022. Overall, exports, however, saw a dramatic descent. The growth pace was the most rapid in 2020 when exports increased by 25% against the previous year. As a result, the exports reached the peak of $3K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.