Bahrain: Market for Crispbread, Rusks and Toasted Bread 2024

Market Size for Crispbread, Rusks and Toasted Bread in Bahrain

The Bahraini market for crispbread, rusks and toasted bread was estimated at $X in 2022, standing approx. at the previous year. Over the period under review, the total consumption indicated a strong 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 +10.4% against 2020 indices. Crispbread, rusk and toasted bread consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Production of Crispbread, Rusks and Toasted Bread in Bahrain

In value terms, crispbread, rusk and toasted bread production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 63%. Crispbread, rusk and toasted bread production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Crispbread, Rusks and Toasted Bread

Exports from Bahrain

In 2022, approx. X tons of crispbread, rusks and toasted bread were exported from Bahrain; rising by 93% on the year before. Over the period under review, exports showed resilient growth. The pace of growth appeared the most rapid in 2015 when exports increased by 128% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, crispbread, rusk and toasted bread exports soared to $X in 2022. Overall, exports showed resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 211%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Oman (X tons) was the main destination for crispbread, rusk and toasted bread exports from Bahrain, accounting for a 88% share of total exports. Moreover, crispbread, rusk and toasted bread exports to Oman exceeded the volume sent to the second major destination, Saudi Arabia (X tons), tenfold. The United Arab Emirates (X kg) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Oman totaled +63.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-4.4% per year) and the United Arab Emirates (+19.4% per year).

In value terms, Oman ($X) emerged as the key foreign market for crispbread, rusks and toasted bread exports from Bahrain, comprising 81% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 10% share of total exports. It was followed by the United Arab Emirates, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value to Oman amounted to +51.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-9.5% per year) and the United Arab Emirates (+10.4% per year).

Export Prices by Country

In 2022, the average export price for crispbread, rusks and toasted bread amounted to $X per ton, which is down by -33.8% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2020 when the average export price increased by 38%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Iraq ($X 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 (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crispbread, Rusks and Toasted Bread

Imports into Bahrain

In 2022, approx. X tons of crispbread, rusks and toasted bread were imported into Bahrain; increasing by 14% compared with the previous year's figure. Overall, imports, however, continue to indicate a slight setback. The most prominent rate of growth was recorded in 2017 with an increase of 25% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, crispbread, rusk and toasted bread imports skyrocketed to $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 44%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

India (X tons), Saudi Arabia (X tons) and Spain (X tons) were the main suppliers of crispbread, rusk and toasted bread imports to Bahrain, with a combined 49% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +120.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), India ($X) and Thailand ($X) appeared to be the largest crispbread, rusk and toasted bread suppliers to Bahrain, with a combined 48% share of total imports. Spain, Turkey, the United States, the United Arab Emirates and Bangladesh lagged somewhat behind, together accounting for a further 25%.

Spain, with a CAGR of +81.3%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for crispbread, rusks and toasted bread stood at $X per ton in 2022, picking up by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2016 an increase of 43%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average 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 the United Arab Emirates ($X per ton), while the price for Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform