Bahrain: Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified 2024

Market Size for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Bahrain

In 2022, the Bahraini market for sunflower-seed or safflower oil, refined, but not chemically modified decreased by X% to $X, falling for the second year in a row after three years of growth. Overall, consumption, however, recorded a relatively flat trend pattern. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Bahrain

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified shrank to $X in 2022 estimated in export price. Overall, production showed a slight decline. The pace of growth appeared the most rapid in 2021 with an increase of X%. Production of peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Exports from Bahrain

In 2022, the amount of sunflower-seed or safflower oil, refined, but not chemically modified exported from Bahrain dropped rapidly to X tons, with a decrease of X% on the year before. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified reduced remarkably to $X in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for exports of sunflower-seed or safflower oil, refined, but not chemically modified from Bahrain, accounting for a X% share of total exports. Moreover, exports of sunflower-seed or safflower oil, refined, but not chemically modified to the United Arab Emirates exceeded the volume sent to the second major destination, Jordan (X tons), more than tenfold. The third position in this ranking was held by Saudi Arabia (X kg), with a X% share.

From 2015 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to X.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (X% per year) and Saudi Arabia (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for sunflower-seed or safflower oil, refined, but not chemically modified exports from Bahrain, comprising X% of total exports. The second position in the ranking was held by Jordan ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2015 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled X.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The average export price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price saw significant growth. The growth pace was the most rapid in 2016 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2015 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.

Imports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Imports into Bahrain

In 2022, purchases abroad of sunflower-seed or safflower oil, refined, but not chemically modified decreased by X% to X tons, falling for the second consecutive year after five years of growth. In general, imports, however, posted pronounced growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified surged to $X in 2022. Overall, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest sunflower-seed or safflower oil, refined, but not chemically modified supplier to Bahrain, with a X% share of total imports. Moreover, imports of sunflower-seed or safflower oil, refined, but not chemically modified from Turkey exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), twofold. The third position in this ranking was held by the United Arab Emirates (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

In value terms, the largest sunflower-seed or safflower oil, refined, but not chemically modified suppliers to Bahrain were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), with a combined X% share of total imports. Oman, Malaysia, Ukraine and France lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Malaysia, with a CAGR of X%, recorded the highest growth rate of 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 import price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($X per ton) and the United Arab Emirates ($X per ton), while the price for Turkey ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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