Bahrain: Refined Rapeseed Oil Market 2024

Refined Rapeseed Oil Market Size in Bahrain

The Bahraini refined rapeseed oil market rose modestly to $X in 2022, increasing by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Refined Rapeseed Oil Production in Bahrain

In value terms, refined rapeseed oil production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild slump. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Refined rapeseed oil production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Refined Rapeseed Oil Exports

Exports from Bahrain

In 2022, after two years of growth, there was significant decline in overseas shipments of refined rape, colza or mustard oil, when their volume decreased by X% to X kg. Overall, exports recorded a noticeable setback. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then contracted significantly in the following year.

In value terms, refined rapeseed oil exports fell sharply to $X in 2022. In general, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

Oman (X kg), Jordan (X kg) and Saudi Arabia (X kg) were the main destinations of refined rapeseed oil exports from Bahrain, with a combined X% share of total exports.

From 2014 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Jordan (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the largest markets for refined rapeseed oil exported from Bahrain were Jordan ($X), Oman ($X) and Niger ($X), together accounting for X% of total exports.

Jordan, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average refined rapeseed oil export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price recorded significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Niger ($X per ton) and Jordan ($X per ton), while the average price for exports to Oman ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Rapeseed Oil Imports

Imports into Bahrain

After two years of decline, supplies from abroad of refined rape, colza or mustard oil increased by X% to X tons in 2022. Over the period under review, imports showed a resilient increase. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, refined rapeseed oil imports surged to $X in 2022. In general, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Bangladesh (X tons) constituted the largest supplier of refined rapeseed oil to Bahrain, accounting for a X% share of total imports. Moreover, refined rapeseed oil imports from Bangladesh exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), threefold. Malaysia (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bangladesh stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Malaysia (X% per year).

In value terms, the largest refined rapeseed oil suppliers to Bahrain were Bangladesh ($X), Saudi Arabia ($X) and Malaysia ($X), together accounting for X% of total imports. France, Russia, India, the United States, the United Arab Emirates and Canada lagged somewhat behind, together comprising a further X%.

The United States, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 refined rapeseed oil import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the price for Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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