Middle East: Market for Dried Or Salted Fish 2024

Market Size for Dried Or Salted Fish in the Middle East

The Middle Eastern dried or salted fish market rose sharply to $X in 2021, growing by 7% against the previous year. In general, consumption, however, saw a pronounced setback. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Dried Or Salted Fish in the Middle East

In value terms, dried or salted fish production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2017 with an increase of 12%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Dried Or Salted Fish

Exports in the Middle East

Dried or salted fish exports shrank remarkably to X tons in 2021, with a decrease of -52.1% against 2020 figures. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 95% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, dried or salted fish exports dropped sharply to $X in 2021. In general, exports showed a sharp contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 51% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Oman represented the main exporter of dried or salted fish in the Middle East, with the volume of exports resulting at X tons, which was approx. 50% of total exports in 2021. The United Arab Emirates (X tons) took the second position in the ranking, distantly followed by Yemen (X tons) and Iran (X tons). All these countries together held approx. 46% share of total exports. Saudi Arabia (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Saudi Arabia (with a CAGR of +5.0%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest dried or salted fish supplying countries in the Middle East were the United Arab Emirates ($X), Oman ($X) and Yemen ($X), with a combined 93% share of total exports.

In terms of the main exporting countries, Oman, with a CAGR of -10.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, with a decrease of -29.3% against the previous year. Over the period under review, the export price continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2016 when the export price increased by 110% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Yemen (+2.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Dried Or Salted Fish

Imports in the Middle East

In 2021, imports of dried or salted fish in the Middle East expanded notably to X tons, increasing by 7.5% on 2020 figures. Over the period under review, imports, however, showed a noticeable contraction. The growth pace was the most rapid in 2014 with an increase of 47% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, dried or salted fish imports expanded remarkably to $X in 2021. Overall, imports, however, continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 24% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Israel (X tons) and the United Arab Emirates (X tons) represented the largest importers of dried or salted fish in 2021, amounting to near 33% and 27% of total imports, respectively. It was distantly followed by Kuwait (X tons) and Jordan (X tons), together comprising a 19% share of total imports. The following importers - Syrian Arab Republic (X tons), Qatar (X tons), Palestine (X tons), Bahrain (X tons), Turkey (X tons) and Yemen (X tons) - together made up 17% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Syrian Arab Republic (with a CAGR of +71.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) constitutes the largest market for imported dried or salted fish in the Middle East, comprising 46% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 17% share of total imports. It was followed by Kuwait, with a 13% share.

In Israel, dried or salted fish imports expanded at an average annual rate of +3.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (-11.0% per year) and Kuwait (+0.5% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, picking up by 4.8% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the import price increased by 35% against the previous year. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Israel ($X per ton), while Palestine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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