Shrimp Price in Bahrain - 2022
Contents:
- Shrimp Price in Bahrain (CIF) - 2022
- Shrimp Price in Bahrain (FOB) - 2022
- Shrimp Imports in Bahrain
- Shrimp Exports in Bahrain
Shrimp Price in Bahrain (CIF) - 2022
The average shrimp import price stood at $6,121 per ton in 2022, jumping by 52% against the previous year. In general, the import price showed a relatively flat trend pattern. The import price peaked at $6,664 per ton in 2016; however, from 2017 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 Pakistan ($8,666 per ton), while the price for Saudi Arabia ($2,148 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Shrimp Price in Bahrain (FOB) - 2022
In 2022, the average shrimp export price amounted to $7,940 per ton, which is down by -9.7% against the previous year. In general, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 an increase of 66% against the previous year. The export price peaked at $10,403 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($10,263 per ton), while the average price for exports to the United Arab Emirates ($3,325 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 Saudi Arabia (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.
Shrimp Imports in Bahrain
In 2022, the amount of shrimps imported into Bahrain fell to 2.2K tons, leveling off at 2021 figures. In general, imports saw a abrupt slump.
In value terms, shrimp imports soared to $13M in 2022. Overall, imports continue to indicate a abrupt setback.
| Import of Shrimp in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 12.0 | 10.0 | 3.5 | 6.9 | -16.8% |
| United Arab Emirates | 1.7 | 1.2 | 1.6 | 2.2 | 9.0% |
| Pakistan | 3.9 | 1.6 | 0.4 | 2.1 | -18.6% |
| Saudi Arabia | 3.8 | 2.3 | 1.9 | 1.1 | -33.8% |
| Others | 2.0 | 2.6 | 1.6 | 1.1 | -18.1% |
| Total | 23.3 | 17.6 | 8.9 | 13.4 | -16.8% |
Top Suppliers of Shrimp to Bahrain in 2022:
- India (1072.8 tons)
- Saudi Arabia (499.9 tons)
- United Arab Emirates (272.0 tons)
- Pakistan (242.4 tons)
Shrimp Exports in Bahrain
In 2022, exports of shrimps from Bahrain declined dramatically to 259 tons, which is down by -41.5% against the previous year's figure. Overall, exports continue to indicate a sharp slump. The smallest decline of -34.3% was in 2020.
In value terms, shrimp exports shrank significantly to $2.1M in 2022. Over the period under review, exports continue to indicate a sharp decline. The smallest decline of -32% was in 2020.
| Export of Shrimp in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | N/A | 0.4 | 1.1 | 0.9 | 50.0% |
| Egypt | N/A | N/A | 0.7 | 0.6 | -14.3% |
| Jordan | N/A | 0.1 | 0.3 | 0.4 | 100.0% |
| Kuwait | 0.1 | 0.3 | 0.3 | 0.1 | 0.0% |
| United Arab Emirates | N/A | 0.6 | 1.2 | N/A | 100.0% |
| Saudi Arabia | 23.5 | 14.5 | 0.1 | N/A | -93.5% |
| Others | 0.3 | 0.3 | 0.1 | N/A | -42.3% |
| Total | 23.8 | 16.2 | 3.9 | 2.1 | -55.5% |
Top Export Markets for Shrimp from Bahrain in 2022:
- Iraq (97.5 tons)
- Egypt (84.5 tons)
- Jordan (47.4 tons)
- Kuwait (16.8 tons)
- United Arab Emirates (4.0 tons)
- Saudi Arabia (3.5 tons)
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