Middle East: Frozen Salmonoids Market 2022

Frozen Salmonoids Market Size in the Middle East

In 2020, the Middle Eastern frozen salmonoids market increased by X% to $X, rising for the fifth consecutive year after two years of decline. Overall, consumption posted buoyant growth. The most prominent rate of growth was recorded in 2011 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2020, consumption stood at a somewhat lower figure.

Frozen Salmonoids Production in the Middle East

In value terms, frozen salmonoids production declined rapidly to $X in 2020 estimated in export prices. Overall, production continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% y-o-y. The level of production peaked at $X in 2011; however, from 2012 to 2020, production remained at a lower figure.

Production By Country in the Middle East

The country with the largest volume of frozen salmonoids production was Oman (X tons), accounting for X% of total volume. Moreover, frozen salmonoids production in Oman exceeded the figures recorded by the second-largest producer, Lebanon (X tons), fourfold.

In Oman, frozen salmonoids production expanded at an average annual rate of +X% over the period from 2007-2020.

Frozen Salmonoids Exports

Exports in the Middle East

In 2020, shipments abroad of frozen salmonoids was finally on the rise to reach X tons after two years of decline. Overall, exports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2011; however, from 2012 to 2020, exports remained at a lower figure.

In value terms, frozen salmonoids exports expanded significantly to $X in 2020. In general, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. As a result, exports attained the peak of $X. from 2012 to 2020, the growth exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) and Oman (X tons) prevails in frozen salmonoids exports structure, together constituting X% of total exports. It was distantly followed by the United Arab Emirates (X tons) and Lebanon (X tons), together generating an X% share of total exports. Iran (X tons) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Lebanon, while exports for the other leaders experienced mixed trends in the exports figures.

In value terms, Saudi Arabia ($X) remains the largest frozen salmonoids supplier in the Middle East, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Saudi Arabia 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

In 2020, the frozen salmonoids export price in the Middle East amounted to $X per ton, falling by -X% against the previous year. In general, the export price recorded a perceptible downturn. The growth pace was the most rapid in 2018 when the export price increased by X% y-o-y. As a result, export price attained the peak level of $X per ton. from 2019 to 2020, the growth in terms of the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Iran ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Oman, while the other leaders experienced mixed trends in the export price figures.

Frozen Salmonoids Imports

Imports in the Middle East

In 2020, supplies from abroad of frozen salmonoids increased by X% to X tons, rising for the fifth year in a row after four years of decline. In general, imports showed strong growth. The growth pace was the most rapid in 2011 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum in 2020 and are expected to retain growth in the near future.

In value terms, frozen salmonoids imports surged to $X in 2020. Over the period under review, imports posted resilient growth. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

Imports by Country

Saudi Arabia was the major importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by Palestine (X tons), generating a X% share of total imports. Iran (X tons) took a minor share of total imports.

From 2007 to 2020, average annual rates of growth with regard to frozen salmonoids imports into Saudi Arabia stood at +X%. At the same time, Iran (+X%) and Palestine (+X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +X% from 2007-2020. While the share of Palestine (+X p.p.) and Iran (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Saudi Arabia (-X p.p.) displayed negative dynamics.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported frozen salmonoids in the Middle East, comprising X% of total imports. The second position in the ranking was occupied by Palestine ($X), with a X% share of total imports.

In Saudi Arabia, frozen salmonoids imports increased at 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: Palestine (+X% per year) and Iran (+X% per year).

Import Prices by Country

In 2020, the frozen salmonoids import price in the Middle East amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% y-o-y. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Saudi Arabia ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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