Bahrain: Oil Crops Market 2025

Oil Crops Market Size in Bahrain

The Bahraini oil crops market skyrocketed to $X in 2022, surging by X% 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, consumption, however, continues to indicate a deep slump. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Oil Crops Exports

Exports from Bahrain

After three years of growth, overseas shipments of oil crops (primary) decreased by X% to X tons in 2022. Over the period under review, exports, however, recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then declined markedly in the following year.

In value terms, oil crops exports shrank remarkably to $X in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at $X in 2021, and then fell notably in the following year.

Exports by Country

Saudi Arabia (X tons) was the main destination for oil crops exports from Bahrain, with a X% share of total exports. Moreover, oil crops exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), sevenfold. Kuwait (X tons) ranked third in terms of total exports with an X% share.

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

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X) constituted the largest markets for oil crops exported from Bahrain worldwide, with a combined X% share of total exports.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average oil crops export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price posted a resilient increase. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

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

Oil Crops Imports

Imports into Bahrain

In 2022, approx. X tons of oil crops (primary) were imported into Bahrain; picking up by X% on 2021. Overall, imports, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, oil crops imports soared to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of oil crops to Bahrain, with a X% share of total imports. Moreover, oil crops imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Sri Lanka (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Sri Lanka (X% per year).

In value terms, China ($X), India ($X) and the United Arab Emirates ($X) appeared to be the largest oil crops suppliers to Bahrain, together comprising X% of total imports. Sudan, Sri Lanka, Russia, Egypt, Argentina and Paraguay lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Russia, with a CAGR of X%, 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

The average oil crops import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, import price indicated tangible 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, oil crops import price decreased by X% against 2020 indices. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Paraguay ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform