Frozen Yellowfin Tuna Price in Bahrain - 2022

Contents:

1. Frozen Yellowfin Tuna Price in Bahrain (CIF) - 2022
2. Frozen Yellowfin Tuna Price in Bahrain (FOB) - 2022
3. Frozen Yellowfin Tuna Imports in Bahrain
4. Frozen Yellowfin Tuna Exports in Bahrain

Frozen Yellowfin Tuna Price in Bahrain (CIF) - 2022

The average frozen yellowfin tuna import price stood at $18,667 per ton in 2022, reducing by -7.3% against the previous year. Over the period under review, the import price, however, continues to indicate a measured expansion. The most prominent rate of growth was recorded in 2014 an increase of 34%. The import price peaked at $27,102 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($19,317 per ton), while the price for Thailand amounted to $5,119 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.7%), while the prices for the other major suppliers experienced a decline.

Frozen Yellowfin Tuna Price in Bahrain (FOB) - 2022

In 2022, the average frozen yellowfin tuna export price amounted to $9,785 per ton, jumping by 90% against the previous year. Overall, the export price showed a moderate increase. The pace of growth was the most pronounced in 2019 an increase of 121%. Over the period under review, the average export prices attained the maximum at $21,275 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($13,949 per ton), while the average price for exports to Oman ($8,108 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+171.0%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Yellowfin Tuna Imports in Bahrain

For the third consecutive year, Bahrain recorded decline in overseas purchases of frozen yellowfin tuna, which decreased by -15.7% to 3.7 tons in 2022. In general, imports faced a precipitous contraction. The smallest decline of -7.1% was in 2021.

In value terms, frozen yellowfin tuna imports fell rapidly to $68K in 2022. Over the period under review, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 15% against the previous year.

Top Suppliers of Frozen Yellowfin Tuna to Bahrain in 2022:

1. United Arab Emirates (3.5 tons)
2. Thailand (0.2 tons)

Frozen Yellowfin Tuna Exports in Bahrain

In 2022, frozen yellowfin tuna exports from Bahrain shrank markedly to 3 tons, falling by -34.8% compared with the previous year. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 11,370%. As a result, the exports reached the peak of 4.6 tons, and then declined sharply in the following year.

In value terms, frozen yellowfin tuna exports skyrocketed to $29K in 2022. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 2,678%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

Top Export Markets for Frozen Yellowfin Tuna from Bahrain in 2022:

1. Saudi Arabia (1261.0 kg)
2. Jordan (922.0 kg)
3. Oman (464.0 kg)
4. Niger (294.0 kg)

Source: IndexBox Market Intelligence Platform