Middle East: Market for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs 2025

Market Size for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in the Middle East

In 2021, after two years of growth, there was decline in the Middle Eastern meat and fish extracts market, when its value decreased by -3% to $X. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in the Middle East

In value terms, meat and fish extracts production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by 20%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Exports in the Middle East

In 2021, the amount of extracts and juices of meat, fish, crustaceans and molluscs exported in the Middle East fell to X tons, with a decrease of -5.4% on 2020. Overall, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 180% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, meat and fish extracts exports surged to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 114%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Turkey dominates exports structure, resulting at X tons, which was approx. 79% of total exports in 2021. Jordan (X tons) took a 9.2% share (based on physical terms) of total exports, which put it in second place, followed by Israel (6.1%). Saudi Arabia (X tons) and Bahrain (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to meat and fish extracts exports from Turkey stood at +8.8%. At the same time, Jordan (+126.0%), Saudi Arabia (+12.3%) and Bahrain (+8.9%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +126.0% from 2012-2021. By contrast, Israel (-9.5%) illustrated a downward trend over the same period. Turkey (+11 p.p.) and Jordan (+9.2 p.p.) significantly strengthened its position in terms of the total exports, while Israel saw its share reduced by -21.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest meat and fish extracts supplying countries in the Middle East were Israel ($X), Turkey ($X) and Jordan ($X), with a combined 77% share of total exports.

Jordan, with a CAGR of +130.4%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, picking up by 24% against the previous year. Overall, the export price, however, continues to indicate a abrupt shrinkage. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+2.0%), while the other leaders experienced more modest paces of growth.

Imports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Imports in the Middle East

In 2021, purchases abroad of extracts and juices of meat, fish, crustaceans and molluscs increased by 8.3% to X tons, rising for the fourth year in a row after two years of decline. In general, imports, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 36%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, meat and fish extracts imports surged to $X in 2021. Over the period under review, imports saw buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 103%. The level of import peaked in 2021 and is likely to continue growth in the near future.

Imports by Country

The United Arab Emirates represented the largest importer of extracts and juices of meat, fish, crustaceans and molluscs in the Middle East, with the volume of imports accounting for X tons, which was near 43% of total imports in 2021. Qatar (X tons) took the second position in the ranking, followed by Kuwait (X tons), Jordan (X tons), Iraq (X tons), Saudi Arabia (X tons) and Bahrain (X tons). All these countries together held near 51% share of total imports. Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to meat and fish extracts imports into the United Arab Emirates stood at +24.1%. At the same time, Iraq (+30.6%), Saudi Arabia (+13.7%) and Bahrain (+3.0%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +30.6% from 2012-2021. By contrast, Kuwait (-5.4%), Qatar (-7.3%), Turkey (-10.0%) and Jordan (-15.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates, Iraq, Saudi Arabia and Bahrain increased by +39, +5, +3.8 and +2.2 percentage points, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported extracts and juices of meat, fish, crustaceans and molluscs in the Middle East, comprising 68% of total imports. The second position in the ranking was taken by Qatar ($X), with a 7.5% share of total imports. It was followed by Bahrain, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates amounted to +31.4%. In the other countries, the average annual rates were as follows: Qatar (-7.4% per year) and Bahrain (+19.8% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, with an increase of 22% against the previous year. Overall, the import price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2019 when the import price increased by 97% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+20.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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