Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Bahrain - 2022

Contents:

1. Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Bahrain (CIF) - 2022
2. Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Bahrain (FOB) - 2022
3. Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Bahrain
4. Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Bahrain

Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Bahrain (CIF) - 2022

In 2022, the average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $656 per ton, picking up by 14% against the previous year. Overall, the import price, however, showed a slight slump. The pace of growth appeared the most rapid in 2021 when the average import price increased by 18%. Over the period under review, average import prices attained the peak figure at $759 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Saudi Arabia ($682 per ton) and the United Arab Emirates ($674 per ton), while the price for the Netherlands ($557 per ton) and India ($603 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-0.4%), while the prices for the other major suppliers experienced a decline.

Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Bahrain (FOB) - 2022

The average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $709 per ton in 2022, reducing by -55.8% against the previous year. In general, the export price saw a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 196% against the previous year. The export price peaked at $1,942 per ton in 2012; however, from 2013 to 2022, the 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 ($2,184 per ton), while the average price for exports to Somalia ($169 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 Yemen (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Bahrain

In 2022, after two years of decline, there was significant growth in supplies from abroad of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose, when their volume increased by 21% to 65K tons. Over the period under review, imports, however, saw a noticeable setback.

In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose soared to $43M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose to Bahrain in 2022:

1. Saudi Arabia (34.3K tons)
2. India (25.0K tons)
3. United Arab Emirates (2.2K tons)
4. France (1.6K tons)
5. Netherlands (0.6K tons)

Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Bahrain

For the fourth consecutive year, Bahrain recorded growth in shipments abroad of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose, which increased by 308% to 2K tons in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,537%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose skyrocketed to $1.4M in 2022. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 1,981% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Top Export Markets for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose from Bahrain in 2022:

1. Saudi Arabia (1448.9 tons)
2. Somalia (319.0 tons)
3. United Arab Emirates (185.3 tons)
4. Oman (59.2 tons)

Source: IndexBox Market Intelligence Platform