Analysis of the Fisheries and Aquaculture sector in Bahrain - Fishes and Invertebrates with Production, Consumption, Import and Export Data and Trends (2017 - 2022)

The commercial fisheries sector in Bahrain is small and contributes only 0.4% to the GDP. However, it is important from the socio-economic viewpoint as it provides employment and is the main economic activity for many coastal villages. Though minimal in value, the exports were on a rise till 2013 and then there was a huge fall and now the exports are not even over half a million. The market for fisheries and aquaculture in Bahrain was worth USD XX million as of 2015 and is expected to grow at a CAGR of XX% per annum over 2016-2022.

The production of a variety of aquatic species has now become possible with the expansion of research activities and the promotion of the marine culture projects. Due to its prime location, Bahrain is rich in shellfish and finfish. Some of these have already been identified as potentially suitable for aquaculture development by the National Marine Culture Centre within the Directorate of Marine Resources. Enhanced legal and administrative frameworks attracting many foreign investors, an increase in population, affluence, preference for protein rich food, and impetus by the government to increase self-sufficiency in terms of food are factors promoting growth in this sector.

Restraints and Challenges
Limited production and space constraints are the biggest challenges for the aquaculture market. Fish landing statistics in the country indicate a steady scarcity in its supply of fish, due to the combination of habitat destruction by over-exploitation and increased pollution in the coastal areas. Constraints to this sector include a shift to other profitable sectors, a lack of knowledge dissemination, poor management of resources, overfishing in common areas, and a lack of labor incidence from the Philippines, Bangladesh, and India.

Taking into account the advantages offered by the climate, location, coastal area, and market, the Kingdom of Bahrain has a good potential for fish farming. The demand and per capita consumption of fish products continues to increase. This is mainly because of the rising awareness about the health benefits of consuming fish among the upcoming generation. In order to meet this increasing demand, there is a strong requirement of investments in the aquaculture market in Bahrain, which shall also address the consumption need of its growing population. In the long-term, it is estimated that investment in the development of the aquaculture sector will contribute to food security and self-sufficiency of Bahrain, as well as its ability to earn foreign exchange through the export of aquatic products.

Key Deliverables in the Study
o PESTLE analysis (overview): Macro market factors pertinent to this region.
o Market definition: Main as well as associated/ancillary components constituting the market.
o Key findings of the study: Top headlines about market trends & numbers.
o Market dynamics:
? Drivers: Key factors driving growth in the market.
? Restraints: Most relevant threats and restraints hindering the growth of the market.
? Opportunities: Sectors of high return or quick turnaround on investment.
? Market concentration: Porter?s five forces analysis quantified by a comprehensive list of parameters.
o Chain analysis.
o Competition:
? Market share analysis: Top players in the market (by value and volume)
? Company profiles: Pertinent details about leading, high growth, and innovation-motivated stakeholders; with contact, operations, product/service offerings, financials, strategies, and insights.

1. Introduction

1.1 Definition of the Market

1.2 Research Approach and Methodology

1.2.1 Introduction

1.2.2 Research Design

1.2.3 Study Phases

1.3 Scope of the Report

1.4 Regional Analysis

1.4.1 PESTLE Analysis

1.4.2 Analysis of Ease of Doing Business

2. Market Dynamics

2.1 Drivers

2.2 Restraints

2.3 Opportunities

2.4 Market Demand Analysis

2.4.1 Available Products Types (Segmentation)

2.4.2 Identification of Target Subsegments (Demand Estimation)

2.4.3 Socio-Economic Segmentation of Potential Consumers

2.4.4 Spending Patterns

2.5 Porter's Five Forces Analysis

2.5.1 Bargaining Power of Suppliers

2.5.2 Bargaining Power of Buyers

2.5.3 Threat of New Entrants

2.5.4 Threat of Substitute Products

2.5.5 Degree of Competition

2.6 Marketing and Product Placement Overview

2.6.1 Marketing Channels Overview

2.6.2 Strategies for Product Launch

2.6.3 Retail Overview: Types of Fisheries and Aquaculture Products in the Market (per Segmented Category)

3. Market Segmentation (Fisheries and Aquaculture Products)

3.1 By Type

3.1.1 Unprocessed Fresh, Chilled Market Size (USD Million) Domestic Production Overview Domestic Consumption Overview Frozen Market Size (USD Million) Domestic Production Overview Domestic Consumption Overview

3.1.2 Processed Market Size (USD Million) Domestic Production Overview Domestic Consumption Overview

4. International Trade Overview

4.1 Unprocessed

4.1.1 Fresh, Chilled Import Value & Volume Export Value & Volume Current & Future Market Prospects

4.1.2 Frozen Import Value & Volume Export Value & Volume Current & Future Market Prospects

4.2 Processed

4.2.1 Import Value & Volume

4.2.2 Export Value & Volume

4.2.3 Current & Future Market Prospects

5. Market Entry

5.1 Market Entry: The Strategy

5.1.1 Types of Entry Modes, by Market Entry Objectives

5.1.2 Competition Analysis Local Supply Ecosystem Market Share of Major Stakeholders Strategies Adopted, Recent Events

5.1.3 Pricing Strategy

5.1.4 Processing & Packaging Ecosystem

5.1.5 Supply Chain Analysis Trade (Import-Export Analysis) Distribution Network & Retail Analysis

5.1.6 Market Entry: The Administration How to Register a Company Registration Processes Ministries Involved Criteria and Conditions List of Forms & Documents Product Control Guidelines Specified by the Government

6. Sources

7. Disclaimer

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