Bahrain: Beef Market 2024

Beef Market Size in Bahrain

In 2022, the Bahraini beef market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Beef Production in Bahrain

In value terms, beef production rose slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

The average yield of beef (cattle meat) in Bahrain amounted to X kg per head in 2022, therefore, remained relatively stable against 2021. Over the period under review, the yield saw a relatively flat trend pattern. The beef yield peaked in 2022 and is likely to see steady growth in years to come.

In 2022, number of animals slaughtered for beef production in Bahrain shrank slightly to X heads, which is down by X% against 2021 figures. Over the period under review, the number of producing animals showed a perceptible decrease. The most prominent rate of growth was recorded in 2019 when the number of producing animals increased by X% against the previous year. Over the period under review, this number reached the peak level at X heads in 2014; however, from 2015 to 2022, producing animals remained at a lower figure.

Beef Exports

Exports from Bahrain

In 2022, the amount of beef (cattle meat) exported from Bahrain contracted dramatically to X tons, waning by X% compared with the previous year's figure. Overall, exports saw a deep contraction. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, beef exports fell notably to $X in 2022. In general, exports saw a pronounced downturn. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons), Iraq (X tons) and Kuwait (X tons) were the main destinations of beef exports from Bahrain, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kuwait (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for beef exported from Bahrain were India ($X), Kuwait ($X) and Iraq ($X), together comprising X% of total exports.

Kuwait, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average beef export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2019 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 Free Zones ($X per ton), while the average price for exports to Iraq ($X 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 Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Beef Imports

Imports into Bahrain

Beef imports into Bahrain expanded sharply to X tons in 2022, growing by X% compared with 2021. In general, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, beef imports surged to $X in 2022. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

India (X tons), Pakistan (X tons) and Brazil (X tons) were the main suppliers of beef imports to Bahrain, together comprising X% of total imports. The United States, New Zealand, South Africa, Australia and Saudi Arabia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Pakistan ($X) and the United States ($X) appeared to be the largest beef suppliers to Bahrain, with a combined X% share of total imports. Brazil, New Zealand, Australia, South Africa and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

South Africa, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average beef import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 Australia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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