Middle East: Fish Parts Market 2024

Fish Parts Market Size in the Middle East

The Middle Eastern fish parts market was estimated at $X in 2022, with an increase of 3.8% against the previous year. Over the period under review, consumption showed strong growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Fish Parts Production in the Middle East

In value terms, fish parts production reached $X in 2022 estimated in export price. In general, production continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 30% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Fish Parts Exports

Exports in the Middle East

In 2022, approx. X tons of fish heads, tails and maws were exported in the Middle East; falling by -1.8% compared with 2021. Overall, exports saw a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 27% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, fish parts exports expanded rapidly to $X in 2022. In general, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 83% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Yemen represented the major exporting country with an export of around X tons, which recorded 52% of total exports. The United Arab Emirates (X tons) held the second position in the ranking, distantly followed by Oman (X tons). All these countries together took approx. 38% share of total exports. Turkey (X tons), Jordan (X tons) and Iran (X tons) followed a long way behind the leaders.

Exports from Yemen decreased at an average annual rate of -4.0% from 2012 to 2022. At the same time, Jordan (+10.0%), Oman (+6.1%) and Turkey (+5.9%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +10.0% from 2012-2022. Iran experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-12.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Oman, Yemen, Turkey and Jordan increased by +11, +9.5, +3 and +2.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Yemen ($X) remains the largest fish parts supplier in the Middle East, comprising 65% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 18% share of total exports. It was followed by Oman, with a 12% share.

In Yemen, fish parts exports decreased by an average annual rate of -3.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-15.9% per year) and Oman (+11.9% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, growing by 11% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 55%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, 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 Yemen ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+5.5%), while the other leaders experienced more modest paces of growth.

Fish Parts Imports

Imports in the Middle East

In 2022, supplies from abroad of fish heads, tails and maws increased by 158% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt shrinkage. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, fish parts imports soared to $X in 2022. Over the period under review, imports, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 184% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates dominates imports structure, finishing at X tons, which was near 78% of total imports in 2022. It was distantly followed by Oman (X tons) and Bahrain (X tons), together comprising a 17% share of total imports. Iraq (X tons) took a little share of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of -19.9% from 2012 to 2022. At the same time, Bahrain (+52.7%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +52.7% from 2012-2022. By contrast, Oman (-2.6%) and Iraq (-3.5%) illustrated a downward trend over the same period. Bahrain (+8.2 p.p.), Oman (+7.6 p.p.) and Iraq (+3.1 p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by -9.7% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported fish heads, tails and maws in the Middle East, comprising 83% of total imports. The second position in the ranking was held by Oman ($X), with a 5.6% share of total imports. It was followed by Iraq, with a 4.6% share.

In the United Arab Emirates, fish parts imports decreased by an average annual rate of -16.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Oman (-11.8% per year) and Iraq (-0.3% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, remaining stable against the previous year. In general, the import price, however, showed a noticeable increase. The most prominent rate of growth was recorded in 2019 an increase of 138% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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