Price for Cereal Groats and Meal; of Wheat in Bahrain - 2022

Contents:

1. Price for Cereal Groats and Meal; of Wheat in Bahrain (CIF) - 2022
2. Price for Cereal Groats and Meal; of Wheat in Bahrain (FOB) - 2022
3. Imports of Cereal Groats and Meal; of Wheat in Bahrain
4. Exports of Cereal Groats and Meal; of Wheat in Bahrain

Price for Cereal Groats and Meal; of Wheat in Bahrain (CIF) - 2022

In 2022, the average import price for cereal groats and meal; of wheats amounted to $755 per ton, with an increase of 30% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices attained the maximum at $922 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Italy ($1,868 per ton), while the price for Saudi Arabia ($163 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+14.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cereal Groats and Meal; of Wheat in Bahrain (FOB) - 2022

In 2022, the average export price for cereal groats and meal; of wheats amounted to $804 per ton, jumping by 33% against the previous year. Over the period under review, the export price, however, continues to indicate a mild setback. The export price peaked at $1,053 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Oman ($1,500 per ton), while the average price for exports to Qatar ($500 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 Iraq (+55.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cereal Groats and Meal; of Wheat in Bahrain

In 2022, the amount of cereal groats and meal; of wheats imported into Bahrain fell markedly to 277 tons, shrinking by -38.7% compared with the year before. Overall, imports recorded a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 12% against the previous year. As a result, imports reached the peak of 452 tons, and then reduced markedly in the following year.

In value terms, imports of cereal groats and meal; of wheats fell sharply to $209K in 2022. In general, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2021 with an increase of 2.9%. As a result, imports reached the peak of $263K, and then fell remarkably in the following year.

Top Suppliers of Cereal Groats and Meal; of Wheat to Bahrain in 2022:

1. Turkey (121.9 tons)
2. United Arab Emirates (85.8 tons)
3. India (26.0 tons)
4. Italy (16.0 tons)
5. Saudi Arabia (11.6 tons)

Exports of Cereal Groats and Meal; of Wheat in Bahrain

In 2022, exports of cereal groats and meal; of wheats from Bahrain reduced markedly to 158 kg, with a decrease of -19.8% compared with the year before. In general, exports faced a abrupt curtailment. The smallest decline of -16.4% was in 2020.

In value terms, exports of cereal groats and meal; of wheats expanded significantly to $127 in 2022. The total export value increased at an average annual rate of +6.2% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cereal Groats and Meal; of Wheat from Bahrain in 2022:

1. Saudi Arabia (55.0 kg)
2. United Arab Emirates (55.0 kg)
3. Kuwait (34.0 kg)
4. Qatar (8.0 kg)
5. Oman (4.0 kg)

Source: IndexBox Market Intelligence Platform