MENA: Frozen Poultry Liver Market 2024

Frozen Poultry Liver Market Size in MENA

The MENA's frozen poultry liver market expanded sharply to $X in 2022, growing by 7.9% against the previous year. The market value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019; afterwards, it flattened through to 2022.

Frozen Poultry Liver Production in MENA

In value terms, frozen poultry liver production shrank slightly to $X in 2022 estimated in export price. The total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -9.0% against 2019 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by 16%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Frozen Poultry Liver Exports

Exports in MENA

In 2022, shipments abroad of frozen poultry livers and offal increased by 16% to X tons for the first time since 2018, thus ending a three-year declining trend. Total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +11.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 81%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, frozen poultry liver exports skyrocketed to $X in 2022. Over the period under review, exports posted a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of 75%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

Turkey prevails in exports structure, accounting for X tons, which was near 77% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons) and Iran (X tons), together creating a 19% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to frozen poultry liver exports from Turkey stood at +12.6%. At the same time, Iran (+40.1%) and the United Arab Emirates (+12.5%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in MENA, with a CAGR of +40.1% from 2012-2022. From 2012 to 2022, the share of Turkey and Iran increased by +9 and +8.2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest frozen poultry liver supplier in MENA, comprising 74% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 12% share of total exports.

In Turkey, frozen poultry liver exports expanded at an average annual rate of +15.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+9.6% per year) and Iran (+45.7% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, picking up by 17% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+4.0%), while the other leaders experienced mixed trends in the export price figures.

Frozen Poultry Liver Imports

Imports in MENA

In 2022, purchases abroad of frozen poultry livers and offal increased by 9.8% to X tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 43% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen poultry liver imports surged to $X in 2022. The total import value increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 40%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United Arab Emirates (X tons), Saudi Arabia (X tons) and Iraq (X tons) was the major importer of frozen poultry livers and offal in MENA, constituting 66% of total import. Qatar (X tons) held a 6.1% share (based on physical terms) of total imports, which put it in second place, followed by Libya (4.9%), Turkey (4.7%) and Jordan (4.6%).

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +90.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Iraq ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 67% of total imports. Qatar, Libya, Jordan and Turkey lagged somewhat behind, together comprising a further 20%.

In terms of the main importing countries, Turkey, with a CAGR of +75.5%, recorded the highest growth rate of 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 2022, increasing by 11% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 23%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Saudi Arabia ($X per ton) and Qatar ($X per ton), while Turkey ($X per ton) and Iraq ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform