Bahrain: Frozen Cuttlefishes Market 2024

Frozen Cuttlefishes Market Size in Bahrain

In 2022, after ten years of growth, there was significant decline in the Bahraini frozen cuttlefishes market, when its value decreased by X% to $X. Overall, consumption, however, enjoyed significant growth. As a result, consumption attained the peak level of $X, and then contracted remarkably in the following year.

Frozen Cuttlefishes Production in Bahrain

In value terms, frozen cuttlefishes production fell markedly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt descent. The growth pace was the most rapid in 2017 with an increase of X,400% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Frozen Cuttlefishes Exports

Exports from Bahrain

In 2022, the amount of frozen cuttlefishes exported from Bahrain stood at X tons, remaining constant against 2021. Overall, exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, frozen cuttlefishes exports totaled $X in 2022. In general, exports saw a dramatic slump. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for frozen cuttlefishes exports from Bahrain, accounting for a X% share of total exports. Moreover, frozen cuttlefishes exports to Malaysia exceeded the volume sent to the second major destination, Jordan (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Malaysia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (X% per year) and Iraq (X% per year).

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (X% per year) and Iraq (X% per year).

Export Prices by Country

In 2022, the average frozen cuttlefishes export price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Malaysia ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Cuttlefishes Imports

Imports into Bahrain

In 2022, purchases abroad of frozen cuttlefishes increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen cuttlefishes imports surged to $X in 2022. In general, imports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of frozen cuttlefishes to Bahrain, accounting for a X% share of total imports. Moreover, frozen cuttlefishes imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Oman (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Oman (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of frozen cuttlefishes to Bahrain, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Oman (X% per year).

Import Prices by Country

The average frozen cuttlefishes import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price 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, frozen cuttlefishes import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then shrank slightly in the following year.

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 Oman ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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