GCC: Frozen Poultry Liver Market 2024

Frozen Poultry Liver Exports

Exports in GCC

In 2022, shipments abroad of frozen poultry livers and offal increased by 28% to X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2016 when exports increased by 101%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen poultry liver exports skyrocketed to $X in 2022. In general, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 63%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates was the major exporter of frozen poultry livers and offal in GCC, with the volume of exports accounting for X tons, which was approx. 79% of total exports in 2022. Kuwait (X tons) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by Saudi Arabia (8.9%).

Exports from the United Arab Emirates increased at an average annual rate of +12.5% from 2012 to 2022. At the same time, Saudi Arabia (+14.0%) and Kuwait (+11.5%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of +14.0% from 2012-2022. From 2012 to 2022, the share of the United Arab Emirates increased by +2.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest frozen poultry liver supplier in GCC, comprising 76% of total exports. The second position in the ranking was held by Kuwait ($X), with a 12% share of total exports.

In the United Arab Emirates, frozen poultry liver exports increased at an average annual rate of +9.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kuwait (+10.0% per year) and Saudi Arabia (+14.3% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, approximately mirroring the previous year. In general, the export price, however, continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2018 an increase of 23% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates ($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 (+0.3%), while the other leaders experienced a decline in the export price figures.

Frozen Poultry Liver Imports

Imports in GCC

In 2022, frozen poultry liver imports in GCC stood at X tons, surging by 2.6% against the previous year's figure. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 13% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen poultry liver imports stood at $X in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 23% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

The United Arab Emirates (X tons) and Saudi Arabia (X tons) prevails in imports structure, together making up 75% of total imports. Qatar (X tons) held a 9.8% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (7.1%) and Oman (5.1%). Bahrain (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Qatar (with a CAGR of +6.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen poultry liver importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X), together accounting for 85% of total imports.

In terms of the main importing countries, Qatar, with a CAGR of +8.0%, 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

In 2022, the import price in GCC amounted to $X per ton, picking up by 10% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 15% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Saudi Arabia ($X per ton) and Bahrain ($X per ton), while Oman ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform