Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bahrain - 2022

Contents:

1. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bahrain (CIF) - 2022
2. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bahrain (FOB) - 2022
3. Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bahrain
4. Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bahrain

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bahrain (CIF) - 2022

In 2022, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $1,158 per ton, dropping by -11.8% against the previous year. Over the period under review, the import price showed a perceptible contraction. The growth pace was the most rapid in 2021 an increase of 24% against the previous year. The import price peaked at $1,501 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 ($1,649 per ton), while the price for Saudi Arabia ($443 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.9%), while the prices for the other major suppliers experienced a decline.

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bahrain (FOB) - 2022

The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $1,393 per ton in 2022, increasing by 1.7% against the previous year. In general, the export price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2015 an increase of 92% against the previous year. The export price peaked at $3,427 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($10,182 per ton), while the average price for exports to Yemen ($210 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 Free Zones (+10.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bahrain

In 2022, supplies from abroad of liquid margarine and edible mixtures of animal or vegetable fats was finally on the rise to reach 3.3K tons after two years of decline. In general, imports, however, recorded a deep slump.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats rose rapidly to $3.8M in 2022. Overall, imports, however, showed a noticeable decline.

Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Bahrain in 2022:

1. Malaysia (1682.1 tons)
2. Spain (795.5 tons)
3. United States (376.1 tons)
4. Italy (88.4 tons)
5. Singapore (74.1 tons)
6. Indonesia (59.6 tons)
7. Austria (56.5 tons)
8. Australia (47.7 tons)
9. Saudi Arabia (6.2 tons)

Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bahrain

In 2022, after three years of growth, there was significant decline in shipments abroad of liquid margarine and edible mixtures of animal or vegetable fats, when their volume decreased by -17.6% to 1.4 tons. Overall, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +16.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.6% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 54%. As a result, the exports reached the peak of 1.7 tons, and then dropped rapidly in the following year.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats declined notably to $2K in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 48% against the previous year. As a result, the exports attained the peak of $2.4K, and then dropped significantly in the following year.

Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Bahrain in 2022:

1. Kuwait (1213.0 kg)
2. Oman (131.0 kg)
3. Yemen (37.0 kg)
4. Armenia (37.0 kg)

Source: IndexBox Market Intelligence Platform