Bahrain: Refined Coconut Oil Market 2024

Refined Coconut Oil Market Size in Bahrain

In 2022, the Bahraini refined coconut oil market increased by X% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in years to come.

Refined Coconut Oil Production in Bahrain

In value terms, refined coconut oil production reached $X in 2022 estimated in export price. Overall, production, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Refined coconut oil production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Refined Coconut Oil Exports

Exports from Bahrain

In 2022, shipments abroad of refined coconut (copra) oil decreased by X% to X kg, falling for the third year in a row after two years of growth. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, refined coconut oil exports fell rapidly to $X in 2022. Over the period under review, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X kg) was the main destination for refined coconut oil exports from Bahrain, with a X% share of total exports. Moreover, refined coconut oil exports to Saudi Arabia exceeded the volume sent to the second major destination, Oman (X kg), sevenfold.

From 2013 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Niger (X% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for refined coconut (copra) oil exports from Bahrain, comprising X% of total exports. The second position in the ranking was taken by Oman ($X), with a X% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Niger (X% per year).

Export Prices by Country

In 2022, the average refined coconut oil export price amounted to $X per ton, waning by X% against the previous year. In general, the export price continues to indicate a slight slump. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Niger ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

Refined Coconut Oil Imports

Imports into Bahrain

In 2022, after two years of decline, there was significant growth in supplies from abroad of refined coconut (copra) oil, when their volume increased by X% to X tons. Overall, imports saw a prominent expansion. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2019; afterwards, it flattened through to 2022.

In value terms, refined coconut oil imports expanded markedly to $X in 2022. In general, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

Malaysia (X tons), India (X tons) and the United Arab Emirates (X tons) were the main suppliers of refined coconut oil imports to Bahrain, with a combined X% share of total imports. Indonesia, Sri Lanka, the Philippines and the United States 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 Sri Lanka (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest refined coconut oil suppliers to Bahrain were Malaysia ($X), India ($X) and the United Arab Emirates ($X), with a combined X% share of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average refined coconut oil import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X%. The import price peaked at $X per ton in 2017; however, from 2018 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 the United Arab Emirates ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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