Iran: Preserved Sardines Market 2024

Preserved Sardines Market Size in Iran

The Iranian preserved sardines market fell slightly to $X in 2022, declining by -4.6% against the previous year. Overall, consumption saw a perceptible slump. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Preserved Sardines Production in Iran

In value terms, preserved sardines production reduced to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable reduction. The growth pace was the most rapid in 2014 with an increase of 18% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Preserved Sardines Exports

Exports from Iran

In 2022, approx. X kg of sardines (prepared or preserved) were exported from Iran; picking up by 6.2% compared with the previous year's figure. In general, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 77% against the previous year. Over the period under review, the exports hit record highs at X kg in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, preserved sardines exports dropped slightly to $X in 2022. Overall, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 when exports increased by 99%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Georgia (X kg) was the main destination for preserved sardines exports from Iran, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Georgia amounted to -7.1%.

In value terms, Georgia ($X) emerged as the key foreign market for sardines (prepared or preserved) exports from Iran.

From 2012 to 2022, the average annual rate of growth in terms of value to Georgia stood at -5.6%.

Export Prices by Country

The average preserved sardines export price stood at $X per ton in 2022, dropping by -6.2% against the previous year. Overall, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preserved sardines export price increased by +84.5% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 97% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Georgia.

From 2012 to 2022, the rate of growth in terms of prices for Georgia amounted to +1.6% per year.

Preserved Sardines Imports

Imports into Iran

In 2022, purchases abroad of sardines (prepared or preserved) was finally on the rise to reach X tons after two years of decline. In general, imports recorded a prominent increase. The growth pace was the most rapid in 2013 when imports increased by 596%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, preserved sardines imports reached $X in 2022. Over the period under review, imports posted a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 589%. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest preserved sardines supplier to Iran, with a 75% share of total imports. Moreover, preserved sardines imports from Indonesia exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Kuwait (X tons) ranked third in terms of total imports with a 1.5% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia totaled +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.2% per year) and Kuwait (+9.0% per year).

In value terms, Indonesia ($X) constituted the largest supplier of sardines (prepared or preserved) to Iran, comprising 74% of total imports. The second position in the ranking was taken by China ($X), with a 23% share of total imports. It was followed by Kuwait, with a 1.7% share.

From 2012 to 2022, the average annual growth rate of value from Indonesia totaled +33.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.6% per year) and Kuwait (+24.1% per year).

Import Prices by Country

In 2022, the average preserved sardines import price amounted to $X per ton, reducing by -2.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2014 an increase of 52% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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