Bahrain: Temporarily Preserved Vegetable Market 2024

Temporarily Preserved Vegetable Market Size in Bahrain

In 2022, after two years of growth, there was significant decline in the Bahraini temporarily preserved vegetable market, when its value decreased by -27.1% to $X. Overall, consumption saw a mild slump. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Temporarily Preserved Vegetable Exports

Exports from Bahrain

In 2022, shipments abroad of vegetables (temporarily preserved) increased by 442% to X tons, rising for the second consecutive year after three years of decline. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, temporarily preserved vegetable exports surged to $X in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 762%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for temporarily preserved vegetable exports from Bahrain, with a 95% share of total exports. Moreover, temporarily preserved vegetable exports to the United States exceeded the volume sent to the second major destination, Saudi Arabia (X kg), more than tenfold.

From 2015 to 2022, the average annual rate of growth in terms of volume to the United States totaled +25.9%.

In value terms, the United States ($X) remains the key foreign market for vegetables (temporarily preserved) exports from Bahrain, comprising 95% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 5.4% share of total exports.

From 2015 to 2022, the average annual growth rate of value to the United States stood at -3.1%.

Export Prices by Country

In 2022, the average temporarily preserved vegetable export price amounted to $X per ton, which is down by -48.2% against the previous year. Overall, the export price, however, showed a significant increase. The pace of growth was the most pronounced in 2016 an increase of 418%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the United States amounted to $X per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+31.3%).

Temporarily Preserved Vegetable Imports

Imports into Bahrain

In 2022, approx. X tons of vegetables (temporarily preserved) were imported into Bahrain; reducing by -31.4% on the year before. Overall, imports recorded a pronounced descent. The pace of growth was the most pronounced in 2014 with an increase of 124%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, temporarily preserved vegetable imports plummeted to $X in 2022. In general, imports, however, enjoyed a mild increase. The growth pace was the most rapid in 2014 with an increase of 165% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Syrian Arab Republic (X tons) constituted the largest temporarily preserved vegetable supplier to Bahrain, accounting for a 44% share of total imports. Moreover, temporarily preserved vegetable imports from Syrian Arab Republic exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), threefold. The third position in this ranking was taken by Egypt (X tons), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Syrian Arab Republic amounted to +46.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+27.8% per year) and Egypt (+8.5% per year).

In value terms, Syrian Arab Republic ($X), Saudi Arabia ($X) and Italy ($X) constituted the largest temporarily preserved vegetable suppliers to Bahrain, with a combined 60% share of total imports.

Syrian Arab Republic, with a CAGR of +49.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average temporarily preserved vegetable import price amounted to $X per ton, picking up by 18% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, temporarily preserved vegetable import price increased by +11.9% against 2018 indices. The growth pace was the most rapid in 2018 when the average import price increased by 110%. The import price peaked in 2022 and is likely to see steady 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 the United States ($X per ton), while the price for Iran ($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 (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform