Middle East: Market for Frozen Fish And Seafood 2024

Market Size for Frozen Fish And Seafood in the Middle East

The Middle Eastern frozen fish and seafood market reached $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Production of Frozen Fish And Seafood in the Middle East

In value terms, frozen fish and seafood production reduced dramatically to $X in 2022 estimated in export price. Overall, production, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Frozen Fish And Seafood

Exports in the Middle East

In 2022, after two years of growth, there was decline in overseas shipments of frozen fish and seafood, when their volume decreased by X% to X tons. In general, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then fell slightly in the following year.

In value terms, frozen fish and seafood exports rose notably to $X in 2022. Overall, exports, however, recorded prominent growth. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Oman represented the largest exporter of frozen fish and seafood in the Middle East, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. Turkey (X tons) took the second position in the ranking, followed by Iran (X tons) and Yemen (X tons). All these countries together took near X% share of total exports. The following exporters - Saudi Arabia (X tons), the United Arab Emirates (X tons) and Bahrain (X tons) - together made up X% of total exports.

Exports from Oman increased at an average annual rate of X% from 2012 to 2022. At the same time, Iran (X%), Saudi Arabia (X%), Turkey (X%), Bahrain (X%) and Yemen (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Oman, Iran, Turkey and Saudi Arabia increased by X, X, X and X percentage points, respectively.

In value terms, Turkey ($X) remains the largest frozen fish and seafood supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Oman ($X), with a X% share of total exports. It was followed by Yemen, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to X%. In the other countries, the average annual rates were as follows: Oman (X% per year) and Yemen (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2017; however, from 2018 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 Turkey ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Imports of Frozen Fish And Seafood

Imports in the Middle East

In 2022, approx. X tons of frozen fish and seafood were imported in the Middle East; approximately equating the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen fish and seafood imports amounted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, the United Arab Emirates (X tons), Turkey (X tons), Saudi Arabia (X tons) and Israel (X tons) was the major importer of frozen fish and seafood in the Middle East, generating X% of total import. Kuwait (X tons), Iran (X tons), Oman (X tons), Qatar (X tons), Jordan (X tons) and Bahrain (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Qatar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Israel ($X) and Turkey ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Saudi Arabia, Kuwait, Qatar, Jordan, Oman, Bahrain and Iran lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Qatar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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