Iran: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in Iran

The Iranian dried or smoked fish market expanded notably to $X in 2021, growing by 8.2% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Dried Or Smoked Fish in Iran

In value terms, dried or smoked fish production totaled $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 27% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Dried Or Smoked Fish

Exports from Iran

In 2021, approx. X tons of dried or smoked fish were exported from Iran; picking up by 60% compared with the previous year. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 548%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, dried or smoked fish exports soared to $X in 2021. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 317%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Kuwait (X tons) was the main destination for dried or smoked fish exports from Iran, accounting for a 60% share of total exports. Moreover, dried or smoked fish exports to Kuwait exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. India (X tons) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kuwait stood at +148.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+9.3% per year) and India (+2.1% per year).

In value terms, Kuwait ($X) emerged as the key foreign market for dried or smoked fish exports from Iran, comprising 52% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 20% share of total exports. It was followed by Hong Kong SAR, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value to Kuwait totaled +129.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+5.1% per year) and Hong Kong SAR (+29.8% per year).

Export Prices by Country

In 2021, the average dried or smoked fish export price amounted to $X per ton, reducing by -20.2% against the previous year. In general, the export price showed a noticeable shrinkage. The growth pace was the most rapid in 2019 when the average export price increased by 121%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+13.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Dried Or Smoked Fish

Imports into Iran

In 2021, approx. X kg of dried or smoked fish were imported into Iran; shrinking by -16.7% against the year before. Overall, imports recorded a sharp downturn. The growth pace was the most rapid in 2013 with an increase of 80% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, dried or smoked fish imports dropped dramatically to $X in 2021. Over the period under review, imports faced a dramatic shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 150% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Malaysia (X kg) was the main supplier of dried or smoked fish to Iran, with a 98% share of total imports. It was followed by the United Arab Emirates (X kg), with a 1.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia amounted to -12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-58.1% per year) and Oman (-60.8% per year).

In value terms, Malaysia ($X) constituted the largest supplier of dried or smoked fish to Iran, comprising 99% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 0.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Malaysia amounted to -14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-59.4% per year) and Oman (-54.4% per year).

Import Prices by Country

In 2021, the average dried or smoked fish import price amounted to $X per ton, dropping by -2% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dried or smoked fish import price decreased by -6.8% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 39% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Oman ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+18.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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