Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Bahrain - 2022
Contents:
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Bahrain (CIF) - 2022
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Bahrain (FOB) - 2022
- Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Bahrain
- Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Bahrain
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Bahrain (CIF) - 2022
In 2022, the average import price for meat of sheep or goats; fresh, chilled or frozen amounted to $6,145 per ton, increasing by 7.3% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 27% against the previous year. As a result, import price attained the peak level of $8,479 per ton. From 2015 to 2022, the average 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 New Zealand ($10,681 per ton), while the price for Somalia ($3,890 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Bahrain (FOB) - 2022
In 2022, the average export price for meat of sheep or goats; fresh, chilled or frozen amounted to $7,646 per ton, dropping by -9.2% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 30%. The export price peaked at $11,579 per ton in 2017; however, from 2018 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 Saudi Arabia ($9,872 per ton), while the average price for exports to Singapore ($5,304 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 (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Bahrain
After two years of decline, supplies from abroad of meat of sheep or goats; fresh, chilled or frozen increased by 20% to 8.9K tons in 2022. Overall, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of meat of sheep or goats; fresh, chilled or frozen surged to $55M in 2022. The total import value increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 0.4 | 15.3 | 17.5 | 23.4 | 288.2% |
| Australia | 27.2 | 8.5 | 6.7 | 9.9 | -28.6% |
| Spain | 3.2 | 6.1 | 4.1 | 5.5 | 19.8% |
| Tanzania | N/A | N/A | 2.8 | 3.9 | 39.3% |
| New Zealand | 3.6 | 3.2 | 3.2 | 3.2 | -3.9% |
| Pakistan | 2.4 | 3.9 | 2.7 | 2.9 | 6.5% |
| Italy | 0.3 | 0.9 | 0.9 | 1.1 | 54.2% |
| Uruguay | 0.5 | 0.7 | N/A | 1.1 | 30.1% |
| Romania | 0.8 | 1.4 | 0.5 | 0.8 | 0.0% |
| Somalia | 0.4 | 0.5 | 0.1 | 0.7 | 20.5% |
| Ethiopia | 2.6 | 0.2 | 0.1 | 0.2 | -57.5% |
| Others | 10.1 | 4.6 | 4.1 | 2.3 | -38.9% |
| Total | 51.3 | 45.5 | 42.8 | 54.9 | 2.3% |
Top Suppliers of Meat of Sheep or Goats; Fresh, Chilled or Frozen to Bahrain in 2022:
- Kenya (3923.3 tons)
- Australia (1450.2 tons)
- Spain (1079.6 tons)
- Tanzania (687.8 tons)
- Pakistan (342.5 tons)
- New Zealand (302.9 tons)
- Italy (236.8 tons)
- Uruguay (188.2 tons)
- Somalia (177.7 tons)
- Romania (164.5 tons)
- Ethiopia (35.4 tons)
Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Bahrain
In 2022, overseas shipments of meat of sheep or goats; fresh, chilled or frozen decreased by -6.4% to 18 tons, falling for the second consecutive year after two years of growth. In general, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of 6.9%. As a result, the exports reached the peak of 34 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of meat of sheep or goats; fresh, chilled or frozen fell rapidly to $140K in 2022. Overall, exports faced a dramatic contraction.
| Export of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 1.7 | 4.5 | 0.7 | 8.7 | 72.3% |
| Panama | 14.8 | 0.9 | 19.7 | 0.9 | -60.7% |
| Norway | N/A | N/A | N/A | 0.8 | 0% |
| Netherlands | N/A | 4.8 | 2.0 | 0.4 | -71.1% |
| Singapore | 0.5 | N/A | 1.0 | 0.2 | -26.3% |
| India | N/A | N/A | N/A | 0.2 | 0% |
| Marshall Islands | 0.6 | 4.2 | 1.2 | 0.1 | -45.0% |
| Free Zones | 51.0 | 98.3 | N/A | N/A | 92.7% |
| United States | 70.2 | 74.1 | 0.1 | N/A | -96.2% |
| Vanuatu | N/A | 21.5 | 18.6 | N/A | -13.5% |
| Oman | 155 | 18.4 | 14.6 | N/A | -69.3% |
| Others | 17.1 | 29.5 | 107 | 129 | 96.1% |
| Total | 311 | 256 | 165 | 140 | -23.4% |
Top Export Markets for Meat of Sheep or Goats; Fresh, Chilled or Frozen from Bahrain in 2022:
- Saudi Arabia (0.9 tons)
- Netherlands (0.1 tons)
- Panama (0.1 tons)
- Norway (0.1 tons)
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