Price for Crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster) in Bahrain - 2022

Contents:

  1. Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Bahrain (CIF) - 2022
  2. Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Bahrain (FOB) - 2022
  3. Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Bahrain
  4. Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Bahrain

Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Bahrain (CIF) - 2022

The average import price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s stood at $13,091 per ton in 2022, shrinking by -13% against the previous year. Over the period under review, the import price, however, posted a resilient expansion. The growth pace was the most rapid in 2018 when the average import price increased by 61%. Over the period under review, average import prices hit record highs at $15,048 per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($14,787 per ton), while the price for the Philippines ($5,432 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Bahrain (FOB) - 2022

The average export price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s stood at $9,059 per ton in 2022, stabilizing at the previous year. Over the period under review, export price indicated a prominent increase from 2020 to 2022: its price increased at an average annual rate of +18.5% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s increased by +40.4% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 42%. As a result, the export price attained the peak level of $9,189 per ton, and then reduced in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Saudi Arabia ($10,065 per ton) and Niger ($9,204 per ton), while the average price for exports to Oman ($8,366 per ton) and Jordan ($8,459 per ton) were amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+29.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Bahrain

After three years of growth, supplies from abroad of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s decreased by -34.7% to 5.6 tons in 2022. In general, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 559%.

In value terms, imports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s fell markedly to $73K in 2022. Overall, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 743% against the previous year.

Import of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Bahrain (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Saudi Arabia2.019.369.351.8195.9%
United Arab Emirates0.10.20.414.0419.2%
United Kingdom0.11.30.63.9239.1%
Vietnam0.10.72.02.4188.4%
PhilippinesN/A1.30.60.2-60.8%
Thailand0.21.63.9N/A341.6%
United States2.319.849.0N/A361.6%
Others0.82.12.30.4-20.6%
Total5.546.212872.8136.5%

Top Suppliers of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) to Bahrain in 2022:

  1. Saudi Arabia (3793.0 kg)
  2. United Arab Emirates (1232.0 kg)
  3. United Kingdom (263.0 kg)
  4. Vietnam (204.0 kg)
  5. Philippines (44.0 kg)

Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Bahrain

In 2022, shipments abroad of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s decreased by -27.7% to 5 tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,350%. As a result, the exports reached the peak of 7 tons, and then declined notably in the following year.

In value terms, exports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s fell dramatically to $46K in 2022. Overall, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 1,965% against the previous year. As a result, the exports attained the peak of $64K, and then dropped sharply in the following year.

Export of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Bahrain (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
NigerN/A20.013.6-32.0%
Saudi ArabiaN/A32.012.8-60.0%
OmanN/A7.211.255.6%
JordanN/A4.88.066.7%
United States3.1N/AN/A0%
OthersN/AN/AN/A0%
Total3.164.045.6283.5%

Top Export Markets for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) from Bahrain in 2022:

  1. Niger (1.5 tons)
  2. Oman (1.3 tons)
  3. Saudi Arabia (1.3 tons)
  4. Jordan (0.9 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster) - Bahrain