Bahrain: Sour Cherry Market 2024

Sour Cherry Market Size in Bahrain

The Bahraini sour cherry market dropped significantly to $X in 2022, shrinking by -30.2% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Sour cherry consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Sour Cherry Production in Bahrain

In value terms, sour cherry production amounted to $X in 2022 estimated in export price. In general, production saw a sharp curtailment. The most prominent rate of growth was recorded in 2016 with a decrease of 99.9% against the previous year. Sour cherry production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of sour cherries in Bahrain was estimated at less than X kg per ha in 2022, leveling off at the previous year's figure. Overall, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The sour cherry harvested area in Bahrain amounted to less than X ha in 2022, leveling off at the previous year's figure. In general, the harvested area saw a relatively flat trend pattern.

Sour Cherry Exports

Exports from Bahrain

For the fourth consecutive year, Bahrain recorded growth in shipments abroad of sour cherries, which increased by 64% to X tons in 2021. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 618%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, sour cherry exports skyrocketed to $X in 2021. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 405% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) was the main destination for sour cherry exports from Bahrain, accounting for a 99% share of total exports. It was followed by Oman (X kg), with a 0.5% share of total exports.

From 2015 to 2021, the average annual growth rate of volume to Saudi Arabia amounted to +8.3%.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for sour cherries exports from Bahrain, comprising 95% of total exports. The second position in the ranking was taken by Oman ($X), with a 4.7% share of total exports.

From 2015 to 2021, the average annual rate of growth in terms of value to Saudi Arabia totaled +20.7%.

Export Prices by Country

In 2021, the average sour cherry export price amounted to $X per ton, increasing by 27% against the previous year. In general, the export price enjoyed a moderate expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Saudi Arabia totaled $X per ton.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+1,012.9%).

Sour Cherry Imports

Imports into Bahrain

In 2022, after two years of growth, there was significant decline in overseas purchases of sour cherries, when their volume decreased by -17.4% to X tons. Over the period under review, imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2015 when imports increased by 342% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, sour cherry imports fell sharply to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 229% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Syrian Arab Republic (X tons) constituted the largest sour cherry supplier to Bahrain, accounting for a 70% share of total imports. Moreover, sour cherry imports from Syrian Arab Republic exceeded the figures recorded by the second-largest supplier, Spain (X tons), tenfold. Afghanistan (X tons) ranked third in terms of total imports with a 6.9% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from Syrian Arab Republic totaled +38.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+108.5% per year) and Afghanistan (+49.0% per year).

In value terms, Syrian Arab Republic ($X), Turkey ($X) and Argentina ($X) constituted the largest sour cherry suppliers to Bahrain, with a combined 61% share of total imports. Spain, Afghanistan and Jordan lagged somewhat behind, together comprising a further 14%.

Among the main suppliers, Spain, with a CAGR of +73.9%, 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 sour cherry import price stood at $X per ton in 2022, which is down by -16% against the previous year. Over the period under review, the import price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 when the average import price increased by 18%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Jordan ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform