Middle East: Frozen Fish Meat Market 2020

Frozen Fish Meat Market Size in Middle East

The revenue of the frozen fish meat market in Middle East amounted to $X in 2017, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The frozen fish meat consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015, with an increase of X% year-to-year. In that year, the frozen fish meat market attained their peak level of $X. From 2016 to 2017, growth of the frozen fish meat market stood at a somewhat lower level.

Frozen Fish Meat Exports in Middle East

The exports amounted to X tons in 2017, waning by -X% against the previous year. The frozen fish meat exports continue to indicate an abrupt deduction. The growth pace was the most rapid in 2008, when it surged by X% year-to-year. In that year, the frozen fish meat exports attained their peak volume of X tons. From 2009 to 2017, growth of the frozen fish meat exports failed to regain its momentum.

In value terms, frozen fish meat exports totaled $X in 2017. The frozen fish meat exports continue to indicate a drastic reduction. The level of exports peaked of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Frozen Fish Meat Exports by Country in Middle East

The exports of the three major exporters of frozen fish meat without bones (excluding fillets), namely the United Arab Emirates, Turkey and Saudi Arabia, represented more than half of total export. It was distantly followed by Oman (X tons), Yemen (X tons) and Bahrain (X tons), together comprising X% share of total exports. Iran (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Bahrain (+X% per year), while the other leaders experienced a decline in the exports figures.

In value terms, the largest frozen fish meat markets worldwide were Turkey ($X), the United Arab Emirates ($X) and Bahrain ($X), with a combined X% share of total exports.

In terms of the main exporting countries , Bahrain (+X% per year) experienced the highest growth rate of exports, over the last decade, while the other leaders experienced mixed trends in the exports figures.

Frozen Fish Meat Export Prices by Country in Middle East

In 2017, the frozen fish meat export price in Middle East amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2017, when it surged by X% against the previous year. The level of export price peaked of $X per ton in 2012; however, from 2013 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Bahrain ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Bahrain (+X% per year), while the other leaders experienced more modest paces of growth.

Frozen Fish Meat Imports in Middle East

The imports totaled X tons in 2017, going down by -X% against the previous year. The total imports indicated a slight increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2015, when imports increased by X% y-o-y. The volume of imports peaked of X tons in 2016, and then declined slightly in the following year.

In value terms, frozen fish meat imports stood at $X in 2017. The total imports indicated a prominent expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the frozen fish meat imports increased by +X% against 2014 indices. The level of imports peaked in 2017, and are likely to continue its growth in the near future.

Frozen Fish Meat Imports by Country in Middle East

Saudi Arabia was the key importing country with an import of about X tons, which recorded X% of total imports. Israel (X tons) ranks second in terms of the global imports with a X% share, followed by the United Arab Emirates (X%) and Palestine (X%). Jordan (X tons) occupied the mild share of total imports.

From 2007 to 2017, average annual rates of growth with regard to frozen fish meat imports into Saudi Arabia stood at +X%. At the same time, Palestine (+X%), Jordan (+X%) and the United Arab Emirates (+X%) displayed positive paces of growth. Moreover, Palestine emerged as the fastest growing importer in Middle East, with a CAGR of +X% from 2007-2017. By contrast, Israel (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Israel increased by X% percentage points, while Jordan (-X%), Palestine (-X%), the United Arab Emirates (-X%) and Saudi Arabia (-X%) saw their share reduced.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported frozen fish meat without bones (excluding fillets) in Middle East, making up X% of global imports. The second position in the ranking was occupied by Israel ($X), with a X% share of global imports. It was followed by the United Arab Emirates, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Saudi Arabia stood at +X%. In the other countries, the average annual rates were as follows: Israel (-X% per year) and the United Arab Emirates (+X% per year).

Frozen Fish Meat Import Prices by Country in Middle East

In 2017, the frozen fish meat import price in Middle East amounted to $X per ton, picking up by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2017, an increase of X% against the previous year. In that year, the import prices for frozen fish meat without bones (excluding fillets) reached their peak level, and is likely to continue its growth in the immediate term.

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

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the United Arab Emirates (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform