Bahrain: Cheese And Curd Market 2024

Cheese And Curd Market Size in Bahrain

The Bahraini cheese and curd market contracted to $X in 2022, waning by -5.9% against the previous year. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +17.5% against 2020 indices. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Cheese And Curd Production in Bahrain

In value terms, cheese and curd production declined modestly to $X in 2022 estimated in export price. In general, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 71% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Cheese And Curd Exports

Exports from Bahrain

In 2022, exports of cheese and curd from Bahrain surged to X tons, with an increase of 43% on the previous year's figure. Overall, exports, however, showed a pronounced contraction. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, cheese and curd exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a perceptible decrease. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for cheese and curd exports from Bahrain, accounting for a 60% share of total exports. Moreover, cheese and curd exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), sixfold. The third position in this ranking was held by Oman (X tons), with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia totaled +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-5.1% per year) and Oman (-0.4% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for cheese and curd exports from Bahrain, comprising 54% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 13% share of total exports. It was followed by Kuwait, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-1.7% per year) and Kuwait (-2.5% per year).

Export Prices by Country

The average cheese and curd export price stood at $X per ton in 2022, remaining constant 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 2014 when the average export price increased by 6.7% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($X per ton) and Kuwait ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) and Oman ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese And Curd Imports

Imports into Bahrain

In 2022, the amount of cheese and curd imported into Bahrain shrank to X tons, waning by -1.9% against 2021 figures. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 31% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, cheese and curd imports expanded significantly to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 22%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons), Denmark (X tons) and the United States (X tons) were the main suppliers of cheese and curd imports to Bahrain, with a combined 51% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +22.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United States ($X) and Ireland ($X) constituted the largest cheese and curd suppliers to Bahrain, together accounting for 49% of total imports. Denmark, New Zealand, Turkey, Australia, France, India, Germany, Poland and Egypt lagged somewhat behind, together accounting for a further 41%.

Among the main suppliers, Poland, with a CAGR of +21.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cheese and curd import price amounted to $X per ton, increasing by 14% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform