GCC: Market for Smoked Fish Other than Salmon and Herring 2024

Market Size for Smoked Fish Other than Salmon and Herring in GCC

In 2021, the GCC market for smoked fish other than salmon and herring decreased by -14.4% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, continues to indicate a strong increase. The level of consumption peaked at $X in 2020, and then declined in the following year.

Production of Smoked Fish Other than Salmon and Herring in GCC

In value terms, production of smoked fish other than salmon and herring reduced to $X in 2021 estimated in export price. Over the period under review, production, however, saw a resilient increase. The growth pace was the most rapid in 2019 with an increase of 86%. Over the period under review, production of attained the peak level at $X in 2020, and then declined in the following year.

Exports of Smoked Fish Other than Salmon and Herring

Exports in GCC

In 2021, overseas shipments of smoked fish other than salmon and herring were finally on the rise to reach X tons after two years of decline. Overall, exports recorded a tangible increase. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of smoked fish other than salmon and herring surged to $X in 2021. In general, exports recorded moderate growth. Over the period under review, the exports of attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates dominates herring structure, recording X tons, which was approx. 96% of total exports in 2021. Saudi Arabia (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the smoked fish other than salmon and herring exports, with a CAGR of +29.3% from 2012 to 2021. Saudi Arabia (-22.8%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+82 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Saudi Arabia (-40.9 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) emerged as the largest smoked fish other than salmon and herring supplier in GCC, comprising 93% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 6.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates totaled +10.5%.

Export Prices by Country

The export price in GCC stood at $X per ton in 2021, declining by -35.1% against the previous year. Overall, the export price recorded a slight slump. The most prominent rate of growth was recorded in 2016 an increase of 402%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+16.0%).

Imports of Smoked Fish Other than Salmon and Herring

Imports in GCC

In 2021, supplies from abroad of smoked fish other than salmon and herring was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2014 when imports increased by 34% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of smoked fish other than salmon and herring expanded modestly to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 17%. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Oman (X tons) and the United Arab Emirates (X tons) represented roughly 74% of total imports in 2021. It was distantly followed by Qatar (X tons) and Kuwait (X tons), together constituting a 25% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +11.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported smoked fish other than salmon and herring in GCC, comprising 60% of total imports. The second position in the ranking was taken by Qatar ($X), with a 20% share of total imports. It was followed by Oman, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates amounted to -4.9%. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (-11.8% per year) and Oman (+5.0% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2021, waning by -3.1% against the previous year. Import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for smoked fish other than salmon and herring decreased by -7.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the import price increased by 88%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform