Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bahrain - 2022
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bahrain (CIF) - 2022
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bahrain (FOB) - 2022
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bahrain
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bahrain
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bahrain (CIF) - 2022
In 2022, the average import price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $6,948 per ton, with an increase of 16% against the previous year. Over the last decade, it increased at an average annual rate of +4.6%. The pace of growth was the most pronounced in 2014 when the average import price increased by 28%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($17,102 per ton), while the price for Iran ($1,661 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bahrain (FOB) - 2022
In 2022, the average export price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $2,614 per ton, declining by -21.3% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 146% against the previous year. As a result, the export price reached the peak level of $6,743 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($16,659 per ton), while the average price for exports to Yemen ($1,330 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 the UK (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bahrain
In 2022, supplies from abroad of soups and broths and preparations therefor; homogenised composite food preparationses was finally on the rise to reach 673 tons after two years of decline. Over the period under review, imports, however, showed a abrupt setback.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses surged to $4.7M in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 2,647 | 2,934 | 2,811 | 2,465 | -2.3% |
| Egypt | 716 | 409 | 282 | 666 | -2.4% |
| Turkey | 463 | 766 | 354 | 578 | 7.7% |
| Saudi Arabia | 103 | 170 | 147 | 210 | 26.8% |
| United States | 267 | 236 | 34.9 | 170 | -14.0% |
| Spain | 45.8 | 19.2 | 24.6 | 135 | 43.4% |
| United Kingdom | 67.7 | 157 | 47.0 | 95.6 | 12.2% |
| Thailand | 63.0 | 31.6 | 25.2 | 63.9 | 0.5% |
| Philippines | 44.2 | 48.2 | 33.5 | 63.1 | 12.6% |
| South Korea | 0.8 | 5.1 | 1.3 | 46.8 | 288.2% |
| Iran | 8.9 | 12.5 | 14.8 | 35.1 | 58.0% |
| Others | 98.8 | 95.4 | 62.1 | 148 | 14.4% |
| Total | 4,525 | 4,884 | 3,837 | 4,677 | 1.1% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Bahrain in 2022:
- United Arab Emirates (278.5 tons)
- Egypt (93.3 tons)
- Saudi Arabia (50.5 tons)
- Spain (47.5 tons)
- Turkey (33.8 tons)
- Thailand (33.1 tons)
- United States (22.0 tons)
- Iran (21.1 tons)
- United Kingdom (19.9 tons)
- South Korea (18.8 tons)
- Philippines (13.8 tons)
Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bahrain
In 2022, shipments abroad of soups and broths and preparations therefor; homogenised composite food preparationses decreased by -47.9% to 941 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 48%. As a result, the exports reached the peak of 1.8K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses reduced remarkably to $2.5M in 2022. Overall, exports recorded a dramatic slump. The pace of growth appeared the most rapid in 2020 with an increase of 10% against the previous year. As a result, the exports reached the peak of $6.7M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.8 | 4.4 | 358 | 80.4 | 364.9% |
| United Kingdom | N/A | 0.2 | N/A | 5.9 | 443.1% |
| Saudi Arabia | 42.6 | 53.7 | 74.0 | 2.8 | -59.6% |
| Jordan | N/A | N/A | 2.0 | 0.6 | -70.0% |
| Yemen | N/A | N/A | 1.2 | 0.1 | -91.7% |
| Free Zones | 6,014 | 6,603 | N/A | N/A | 9.8% |
| Others | 1.3 | 8.7 | 5,565 | 2,369 | 1121.4% |
| Total | 6,059 | 6,670 | 5,999 | 2,459 | -26.0% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Bahrain in 2022:
- United Arab Emirates (4.8 tons)
- United Kingdom (0.9 tons)
- Saudi Arabia (0.2 tons)
- Jordan (0.1 tons)
- Yemen (0.1 tons)
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