Frozen Catfish Price in Bahrain - 2022
Contents:
- Frozen Catfish Price in Bahrain (FOB) - 2022
- Frozen Catfish Price in Bahrain (CIF) - 2022
- Frozen Catfish Exports in Bahrain
- Frozen Catfish Imports in Bahrain
Frozen Catfish Price in Bahrain (FOB) - 2022
In 2021, the average frozen catfish export price amounted to $1,875 per ton, growing by 20% against the previous year. Overall, the export price, however, showed a sharp decrease. Over the period under review, the average export prices hit record highs at $13,986 per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2013 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to +61.0% per year.
Frozen Catfish Price in Bahrain (CIF) - 2022
In 2022, the average frozen catfish import price amounted to $1,905 per ton, surging by 14% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.6%. The pace of growth appeared the most rapid in 2016 an increase of 22% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.
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 India ($2,370 per ton), while the price for Thailand ($1,553 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+187.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Catfish Exports in Bahrain
For the third year in a row, Bahrain recorded growth in overseas shipments of frozen catfish, which increased by 116% to 48 tons in 2021. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 198% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.
In value terms, frozen catfish exports skyrocketed to $90K in 2021. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 225% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.
| Export of Frozen Catfish in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United Arab Emirates | 1.1 | N/A | 90.0 | 804.5% | |
| Saudi Arabia | 9.6 | 34.8 | N/A | 262.5% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 10.7 | 34.8 | 90.0 | 190.0% | |
Top Export Markets for Frozen Catfish from Bahrain in 2022:
- United Arab Emirates (48.0 tons)
Frozen Catfish Imports in Bahrain
In 2022, supplies from abroad of frozen catfish decreased by -38.7% to 57 tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 24% against the previous year. As a result, imports attained the peak of 2K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, frozen catfish imports dropped remarkably to $109K in 2022. Over the period under review, imports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 24%. As a result, imports attained the peak of $3.1M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Frozen Catfish in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 239 | 58.2 | 1.1 | 41.9 | -44.0% |
| India | 366 | 833 | 5.1 | 39.1 | -52.6% |
| Vietnam | 1,032 | 1,151 | 44.0 | 27.6 | -70.1% |
| United States | 299 | N/A | 1.8 | N/A | -92.2% |
| Oman | N/A | 679 | N/A | N/A | 0% |
| Myanmar | 288 | N/A | N/A | N/A | 0% |
| Bangladesh | N/A | 184 | N/A | N/A | 0% |
| Taiwan (Chinese) | 101 | 55.8 | 0.3 | N/A | -94.5% |
| Pakistan | 164 | 27.7 | N/A | N/A | -83.1% |
| Turkey | N/A | 95.1 | N/A | N/A | 0% |
| Others | N/A | N/A | 104 | N/A | 0% |
| Total | 2,489 | 3,084 | 156 | 109 | -64.8% |
Top Suppliers of Frozen Catfish to Bahrain in 2022:
- Thailand (27.0 tons)
- India (16.5 tons)
- Vietnam (13.5 tons)
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