Middle East: Market for Caviar (Salmon) And Caviar Substitutes 2024

Market Size for Caviar (Salmon) And Caviar Substitutes in the Middle East

The Middle Eastern market for caviar (salmon) and caviar substitutes rose markedly to $X in 2021, increasing by 5.5% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Caviar (Salmon) And Caviar Substitutes in the Middle East

In value terms, caviar (salmon) and caviar substitutes production expanded sharply to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 21% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports in the Middle East

In 2021, the amount of caviar (salmon) and caviar substitutes exported in the Middle East skyrocketed to X tons, with an increase of 369% compared with the previous year. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, caviar (salmon) and caviar substitutes exports surged to $X in 2021. Overall, exports showed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey dominates exports structure, reaching X tons, which was approx. 95% of total exports in 2021. Iran (X tons) held a little share of total exports.

Turkey was also the fastest-growing in terms of the caviar (salmon) and caviar substitutes exports, with a CAGR of +26.7% from 2012 to 2021. At the same time, Iran (+3.8%) displayed positive paces of growth. From 2012 to 2021, the share of Turkey increased by +34 percentage points.

In value terms, Turkey ($X) remains the largest caviar (salmon) and caviar substitutes supplier in the Middle East, comprising 85% of total exports. The second position in the ranking was taken by Iran ($X), with a 3.7% share of total exports.

In Turkey, caviar (salmon) and caviar substitutes exports expanded at an average annual rate of +14.8% over the period from 2012-2021.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, falling by -14.1% against the previous year. Over the period under review, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2015 an increase of 98%. Over the period under review, the export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Iran ($X per ton), while Turkey stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (-5.2%).

Imports of Caviar (Salmon) And Caviar Substitutes

Imports in the Middle East

In 2021, approx. X tons of caviar (salmon) and caviar substitutes were imported in the Middle East; surging by 6.5% on the previous year. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +8.0% 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 -22.3% against 2016 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 41%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, caviar (salmon) and caviar substitutes imports surged to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +11.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 47% against the previous year. The level of import peaked in 2021 and is likely to continue growth in years to come.

Imports by Country

Israel represented the key importing country with an import of about X tons, which reached 62% of total imports. The United Arab Emirates (X tons) held the second position in the ranking, followed by Turkey (X tons). All these countries together took approx. 29% share of total imports. The following importers - Kuwait (X tons) and Qatar (X tons) - each recorded a 5.9% share of total imports.

Imports into Israel increased at an average annual rate of +7.8% from 2012 to 2021. At the same time, Qatar (+38.5%), Kuwait (+33.1%), Turkey (+21.3%) and the United Arab Emirates (+9.5%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +38.5% from 2012-2021. While the share of Turkey (+9.1 p.p.), Kuwait (+2.8 p.p.), Qatar (+2.3 p.p.) and the United Arab Emirates (+1.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) constitutes the largest market for imported caviar (salmon) and caviar substitutes in the Middle East, comprising 59% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 19% share of total imports. It was followed by Turkey, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Israel totaled +14.2%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+8.4% per year) and Turkey (+23.3% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, with an increase of 18% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the United Arab Emirates ($X per ton) and Kuwait ($X per ton), while Turkey ($X per ton) and Israel ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+5.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :