Bahrain: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in Bahrain

The Bahraini prepared baking powder market surged to $X in 2022, rising by 36% against the previous year. Overall, consumption continues to indicate a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Prepared Baking Powder Production in Bahrain

In value terms, prepared baking powder production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. Prepared baking powder production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Prepared Baking Powder Exports

Exports from Bahrain

In 2022, prepared baking powder exports from Bahrain shrank modestly to X tons, standing approx. at 2021. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 8,066%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, prepared baking powder exports expanded markedly to $X in 2022. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 16,363%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for prepared baking powder exports from Bahrain, with a 69% share of total exports. Moreover, prepared baking powder exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at +119.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+98.3% per year) and Oman (+43.8% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for prepared baking powders exports from Bahrain, comprising 76% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates stood at +149.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+131.2% per year) and Oman (+63.1% per year).

Export Prices by Country

In 2022, the average prepared baking powder export price amounted to $X per ton, surging by 6.9% against the previous year. Overall, the export price recorded a resilient increase. The pace of growth appeared the most rapid in 2019 an increase of 104%. 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 export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Saudi Arabia ($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 Saudi Arabia (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Baking Powder Imports

Imports into Bahrain

In 2022, purchases abroad of prepared baking powders was finally on the rise to reach X tons after three years of decline. Over the period under review, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 240%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, prepared baking powder imports soared to $X in 2022. Overall, imports showed a prominent increase. The growth pace was the most rapid in 2013 when imports increased by 133% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Malta (X tons) constituted the largest supplier of prepared baking powder to Bahrain, accounting for a 46% share of total imports. Moreover, prepared baking powder imports from Malta exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), twofold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume from Malta amounted to +16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+21.5% per year) and the United Arab Emirates (+27.3% per year).

In value terms, Malta ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) were the largest prepared baking powder suppliers to Bahrain, with a combined 86% share of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +27.8%, saw 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 prepared baking powder import price stood at $X per ton in 2022, growing by 11% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prepared baking powder import price increased by +106.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 60%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 ($X per ton), while the price for China ($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 (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform