Middle East: Frozen Atlantic Halibut Market 2022

Frozen Atlantic Halibut Market Size in the Middle East

The Middle Eastern frozen atlantic halibut market contracted to $X in 2020, declining by -X% against the previous year. Overall, consumption showed a mild decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of consumption peaked at $X in 2013; however, from 2014 to 2020, consumption failed to regain the momentum.

Frozen Atlantic Halibut Production in the Middle East

In value terms, frozen atlantic halibut production expanded sharply to $X in 2020 estimated in export prices. Over the period under review, production, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. The level of production peaked at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Production By Country in the Middle East

Yemen (X tons) constituted the country with the largest volume of frozen atlantic halibut production, accounting for X% of total volume. Moreover, frozen atlantic halibut production in Yemen exceeded the figures recorded by the second-largest producer, Oman (X tons), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume in Yemen totaled +X%.

Frozen Atlantic Halibut Exports

Exports in the Middle East

In 2020, overseas shipments of frozen atlantic halibut increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, continue to indicate a abrupt descent. The growth pace was the most rapid in 2013 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, frozen atlantic halibut exports expanded slightly to $X in 2020. In general, exports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

Exports by Country

Yemen represented the major exporter of frozen atlantic halibut in the Middle East, with the volume of exports amounting to X tons, which was near X% of total exports in 2020. Oman (X tons) took the second position in the ranking, distantly followed by the United Arab Emirates (X tons). All these countries together took approx. X% share of total exports.

Yemen was also the fastest-growing in terms of the frozen atlantic halibut exports, with a CAGR of +X% from 2007 to 2020. At the same time, Oman (+X%) displayed positive paces of growth. By contrast, the United Arab Emirates (-X%) illustrated a downward trend over the same period. Yemen (+X p.p.) and Oman (+X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, Yemen ($X) remains the largest frozen atlantic halibut supplier in the Middle East, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value in Yemen amounted to +X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (-X% per year) and Oman (+X% per year).

Export Prices by Country

The frozen atlantic halibut export price in the Middle East stood at $X per ton in 2020, shrinking by -X% against the previous year. Overall, the export price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. Over the period under review, export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the United Arab Emirates ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the other leaders experienced a decline in the export price figures.

Frozen Atlantic Halibut Imports

Imports in the Middle East

In 2020, purchases abroad of frozen atlantic halibut decreased by -X% to X tons, falling for the third consecutive year after two years of growth. Overall, imports continue to indicate a noticeable decrease. The growth pace was the most rapid in 2013 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at X tons in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

In value terms, frozen atlantic halibut imports dropped dramatically to $X in 2020. Over the period under review, imports recorded a slight reduction. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Israel (X tons) was the major importer of frozen atlantic halibut, achieving X% of total imports. It was distantly followed by Qatar (X tons), constituting a X% share of total imports. Jordan (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to frozen atlantic halibut imports into Israel stood at -X%. At the same time, Qatar (+X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +X% from 2007-2020. By contrast, Jordan (-X%) and the United Arab Emirates (-X%) illustrated a downward trend over the same period. Qatar (+X p.p.) and Israel (+X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) constitutes the largest market for imported frozen atlantic halibut in the Middle East, comprising X% of total imports. The second position in the ranking was occupied by Qatar ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

In Israel, frozen atlantic halibut imports shrank by an average annual rate of -X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (+X% per year) and the United Arab Emirates (+X% per year).

Import Prices by Country

In 2020, the frozen atlantic halibut import price in the Middle East amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price continues to indicate pronounced growth. The most prominent rate of growth was recorded in 2012 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. from 2013 to 2020, the growth in terms of the import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the United Arab Emirates ($X per ton), while Jordan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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