MENA: Preserved Salmon Market 2024

Preserved Salmon Market Size in MENA

In 2021, the MENA's preserved salmon market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. The total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -25.5% against 2017 indices. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Preserved Salmon Production in MENA

In value terms, preserved salmon production amounted to $X in 2021 estimated in export price. The total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -23.8% against 2017 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 24% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Preserved Salmon Exports

Exports in MENA

Preserved salmon exports surged to X tons in 2021, with an increase of 33% on the previous year's figure. Over the period under review, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2018 when exports increased by 105% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, preserved salmon exports skyrocketed to $X in 2021. In general, exports saw a prominent increase. The pace of growth appeared the most rapid in 2018 when exports increased by 125% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Iran was the major exporting country with an export of about X tons, which reached 47% of total exports. It was distantly followed by the United Arab Emirates (X tons) and Israel (X tons), together making up a 40% share of total exports. The following exporters - Turkey (X tons), Morocco (X tons) and Lebanon (X tons) - each reached a 9.6% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Turkey (with a CAGR of +41.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) emerged as the largest preserved salmon supplier in MENA, comprising 43% of total exports. The second position in the ranking was held by Iran ($X), with a 21% share of total exports. It was followed by Israel, with an 18% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates stood at +31.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (+19.8% per year) and Israel (+16.1% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, rising by 20% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 28% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lebanon ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+12.6%), while the other leaders experienced more modest paces of growth.

Preserved Salmon Imports

Imports in MENA

In 2021, purchases abroad of salmon (prepared or preserved) was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports enjoyed buoyant growth. The growth pace was the most rapid in 2014 when imports increased by 35%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, preserved salmon imports soared to $X in 2021. Total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -12.0% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 44%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Yemen represented the key importer of salmon (prepared or preserved) in MENA, with the volume of imports accounting for X tons, which was near 45% of total imports in 2021. It was distantly followed by Libya (X tons) and Israel (X tons), together generating a 40% share of total imports. The following importers - the United Arab Emirates (X tons), Egypt (X tons), Kuwait (X tons) and Qatar (X tons) - together made up 10% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Egypt (with a CAGR of +43.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Libya ($X) and Yemen ($X) were the countries with the highest levels of imports in 2021, with a combined 64% share of total imports. Qatar, Kuwait, Egypt and the United Arab Emirates lagged somewhat behind, together accounting for a further 26%.

In terms of the main importing countries, Egypt, with a CAGR of +47.5%, saw 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

The import price in MENA stood at $X per ton in 2021, growing by 4.1% against the previous year. Over the period under review, the import price, however, recorded a drastic downturn. The growth pace was the most rapid in 2016 when the import price increased by 21% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+9.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform