Bahrain: Market for Frozen Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Frozen Pig Meat Other Than Cuts Or Carcases in Bahrain

The Bahraini market for frozen pig meat other than cuts or carcases surged to $X in 2022, growing by 30% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). 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 +7.1% 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 +62.1% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports from Bahrain

In 2022, the amount of frozen pig meat other than cuts or carcases exported from Bahrain surged to X tons, growing by 52% compared with 2021. Over the period under review, exports, however, saw a abrupt curtailment. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of frozen pig meat other than cuts or carcases soared to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 81% against the previous year. Over the period under review, the exports of hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for exports of frozen pig meat other than cuts or carcases from Bahrain, accounting for a 61% share of total exports. Moreover, exports of frozen pig meat other than cuts or carcases to the United Arab Emirates exceeded the volume sent to the second major destination, Vanuatu (X tons), eightfold. The United States (X tons) ranked third in terms of total exports with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +53.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vanuatu (-14.0% per year) and the United States (-14.5% per year).

In value terms, the United States ($X) remains the key foreign market for frozen pig meat other than cuts or carcases exports from Bahrain, comprising 41% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 14% share of total exports. It was followed by Kuwait, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+36.1% per year) and Kuwait (+49.7% per year).

Export Prices by Country

The average export price for frozen pig meat other than cuts or carcases stood at $X per ton in 2022, falling by -1.9% against the previous year. In general, the export price, however, showed a resilient increase. The growth pace was the most rapid in 2018 when the average export price increased by 45% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 (+56.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports into Bahrain

In 2022, purchases abroad of frozen pig meat other than cuts or carcases increased by 21% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.1% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of frozen pig meat other than cuts or carcases soared to $X in 2022. Overall, total imports 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, imports increased by +62.4% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) was the main frozen pig meat other than cuts or carcases supplier to Bahrain, accounting for a approx. 99% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at +8.6%.

In value terms, the Netherlands ($X) constituted the largest supplier of frozen pig meat other than cuts or carcases to Bahrain.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to +7.1%.

Import Prices by Country

The average import price for frozen pig meat other than cuts or carcases stood at $X per ton in 2022, growing by 10% against the previous year. Overall, the import price, however, showed a slight setback. The growth pace was the most rapid in 2017 an increase of 16% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the Netherlands.

From 2012 to 2022, the rate of growth in terms of prices for Denmark amounted to +0.5% per year.

Source: IndexBox Platform