Bahrain: Frozen Fish Market 2024

Frozen Fish Market Size in Bahrain

The Bahraini frozen fish market fell to $X in 2022, dropping by X% against the previous year. Overall, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Frozen fish consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Frozen Fish Production in Bahrain

In value terms, frozen fish production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Frozen Fish Exports

Exports from Bahrain

In 2022, shipments abroad of frozen fish decreased by X% to X tons, falling for the third year in a row after two years of growth. Overall, exports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen fish exports declined slightly to $X in 2022. In general, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons), Saudi Arabia (X tons) and Bangladesh (X tons) were the main destinations of frozen fish exports from Bahrain, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Saudi Arabia ($X) and Jordan ($X) appeared to be the largest markets for frozen fish exported from Bahrain worldwide, with a combined X% share of total exports. Oman, Bangladesh, Senegal and Thailand lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Bangladesh, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average frozen fish export price stood at $X per ton in 2022, approximately reflecting the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen fish export price decreased by X% against 2019 indices. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Bangladesh ($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 Jordan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Imports

Imports into Bahrain

In 2022, overseas purchases of frozen fish decreased by X% to X tons, falling for the third year in a row after four years of growth. In general, imports, however, saw a perceptible increase. The pace of growth was the most pronounced in 2018 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, frozen fish imports dropped to $X in 2022. Overall, imports, however, posted a pronounced increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Oman (X tons), Myanmar (X tons) and Vietnam (X tons) were the main suppliers of frozen fish imports to Bahrain, with a combined X% share of total imports.

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

In value terms, Myanmar ($X), Oman ($X) and Vietnam ($X) were the largest frozen fish suppliers to Bahrain, with a combined X% share of total imports.

Oman, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 frozen fish import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, 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 Saudi Arabia ($X per ton), while the price for Oman ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform