Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Bahrain - 2022
Contents:
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Bahrain (CIF) - 2022
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Bahrain (FOB) - 2022
- Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Bahrain
- Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Bahrain
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Bahrain (CIF) - 2022
In 2022, the average import price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) amounted to $6,037 per ton, increasing by 19% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 New Zealand ($9,161 per ton), while the price for Romania ($4,689 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Bahrain (FOB) - 2022
In 2022, the average export price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) amounted to $7,408 per ton, declining by -16.5% against the previous year. Over the period under review, the export price saw a slight descent. The growth pace was the most rapid in 2013 when the average export price increased by 43%. The export price peaked at $13,198 per ton in 2014; however, from 2015 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 India ($8,500 per ton), while the average price for exports to Singapore ($5,304 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 Vanuatu (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Bahrain
In 2022, purchases abroad of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) was finally on the rise to reach 1.9K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a perceptible decline.
In value terms, imports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) soared to $12M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +6.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 6.7 | 4.4 | 4.5 | 7.5 | 3.8% |
| Spain | 2.1 | 2.9 | 1.9 | 2.0 | -1.6% |
| New Zealand | 0.7 | 0.2 | 0.2 | 0.8 | 4.6% |
| Italy | N/A | N/A | 0.4 | 0.6 | 50.0% |
| Romania | 0.1 | 0.2 | 0.2 | 0.4 | 58.7% |
| Others | N/A | 0.3 | 0.3 | 0.5 | 29.1% |
| Total | 9.7 | 8.1 | 7.5 | 11.7 | 6.4% |
Top Suppliers of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) to Bahrain in 2022:
- Australia (1184.3 tons)
- Spain (391.2 tons)
- Italy (115.8 tons)
- New Zealand (82.1 tons)
- Romania (75.7 tons)
Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Bahrain
In 2022, overseas shipments of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) decreased by -3.6% to 16 tons, falling for the second consecutive year after two years of growth. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 20%. As a result, the exports reached the peak of 19 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) contracted markedly to $117K in 2022. Overall, exports showed a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 4.1% against the previous year. As a result, the exports attained the peak of $152K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 27.7 | 1.0 | 21.6 | 0.9 | -68.1% |
| Norway | N/A | N/A | N/A | 0.8 | 0% |
| Netherlands | N/A | 5.2 | 2.2 | 0.4 | -72.3% |
| Singapore | 0.4 | N/A | 1.1 | 0.2 | -20.6% |
| India | N/A | N/A | N/A | 0.2 | 0% |
| Marshall Islands | 1.2 | 4.3 | 1.3 | 0.1 | -56.3% |
| Free Zones | 78.9 | 73.6 | N/A | N/A | -6.7% |
| Vanuatu | N/A | 23.1 | 20.4 | N/A | -11.7% |
| United States | 3.7 | 8.8 | 0.1 | N/A | -83.6% |
| Malta | 4.1 | 15.4 | 3.4 | N/A | -8.9% |
| Greece | 5.2 | 2.5 | 0.9 | N/A | -58.4% |
| Kuwait | 7.4 | N/A | N/A | N/A | 0% |
| Liberia | 10.1 | 6.2 | 11.7 | N/A | 7.6% |
| Others | 7.0 | 11.6 | 82.5 | 114 | 153.5% |
| Total | 146 | 152 | 145 | 117 | -7.1% |
Top Export Markets for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) from Bahrain in 2022:
- Netherlands (0.1 tons)
- Panama (0.1 tons)
- Norway (0.1 tons)
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