Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Bahrain - 2022
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Bahrain (CIF) - 2022
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Bahrain (FOB) - 2022
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Bahrain
- Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Bahrain
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Bahrain (CIF) - 2022
In December 2022, the average import price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $5,235 per ton, reducing by -3.9% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 an increase of 17% against the previous month. As a result, import price attained the peak level of $6,138 per ton. From August 2022 to December 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Oman ($6,129 per ton), while the price for New Zealand ($2,987 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Oman (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Bahrain (FOB) - 2022
In 2022, the average export price for powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $4,057 per ton, with a decrease of -9.8% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 44%. Over the period under review, the average export prices hit record highs at $6,800 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($3,790 per ton), while the average price for exports to Saudi Arabia amounted to $2,711 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+26.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Bahrain
After two years of decline, supplies from abroad of powdered unsweetened milk and cream of fat weight content over 1.5% increased by 276% to 4.7K tons in 2022. Overall, imports enjoyed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% skyrocketed to $25M in 2022. Over the period under review, imports recorded a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 322 | 1,360 | 909 | 7,858 | 190.1% |
| Oman | 2,512 | 2,173 | 406 | 1,723 | -11.8% |
| Netherlands | 393 | 212 | 240 | 648 | 18.1% |
| New Zealand | 403 | 360 | 55.8 | 522 | 9.0% |
| Singapore | 117 | 367 | 146 | 379 | 48.0% |
| Australia | 196 | 166 | 66.1 | 183 | -2.3% |
| Poland | 107 | 42.0 | 17.5 | 85.5 | -7.2% |
| Others | 12,751 | 6,811 | 2,793 | 13,762 | 2.6% |
| Total | 16,800 | 11,491 | 4,633 | 25,161 | 14.4% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Bahrain in 2022:
- Saudi Arabia (1315.9 tons)
- Oman (313.1 tons)
- Netherlands (152.6 tons)
- Australia (131.8 tons)
- New Zealand (113.8 tons)
- Singapore (84.4 tons)
- Poland (27.1 tons)
Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Bahrain
In 2022, approx. 422 tons of powdered unsweetened milk and cream of fat weight content over 1.5% were exported from Bahrain; rising by 15% against 2021 figures. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 391% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% amounted to $1.7M in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 537%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Export of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 65.4 | 526 | 319 | 421 | 86.0% |
| Saudi Arabia | 11.1 | 168 | 187 | 179 | 152.6% |
| United States | 5.6 | 62.7 | N/A | N/A | 1019.6% |
| Others | 167 | 827 | 1,142 | 1,114 | 88.2% |
| Total | 249 | 1,584 | 1,648 | 1,713 | 90.2% |
Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from Bahrain in 2022:
- Iraq (111.0 tons)
- Saudi Arabia (65.9 tons)
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