Middle East: Frozen Skipjack Tuna Market 2022

Frozen Skipjack Tuna Market Size in the Middle East

In 2020, the Middle Eastern frozen skipjack tuna market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption enjoyed a strong increase. The growth pace was the most rapid in 2014 when the market value increased by X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2020, consumption stood at a somewhat lower figure.

Frozen Skipjack Tuna Production in the Middle East

In value terms, frozen skipjack tuna production skyrocketed to $X in 2020 estimated in export prices. Over the period under review, production posted buoyant growth. The pace of growth appeared the most rapid in 2008 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2010; however, from 2011 to 2020, production remained at a lower figure.

Production By Country in the Middle East

Oman (X tons) remains the largest frozen skipjack tuna producing country in the Middle East, accounting for X% of total volume.

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

Frozen Skipjack Tuna Exports

Exports in the Middle East

After three years of decline, overseas shipments of frozen skipjack tuna increased by X% to X tons in 2020. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2008 when exports increased by X% y-o-y. The volume of export peaked at X tons in 2010; however, from 2011 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen skipjack tuna exports soared to $X in 2020. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2010; however, from 2011 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Oman was the largest exporter of frozen skipjack tuna in the Middle East, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2020. Yemen (X tons) held the second position in the ranking, followed by the United Arab Emirates (X tons). All these countries together held approx. X% share of total exports.

Oman was also the fastest-growing in terms of the frozen skipjack tuna exports, with a CAGR of +X% from 2007 to 2020. Yemen (-X%) and the United Arab Emirates (-X%) illustrated a downward trend over the same period. While the share of Oman (+X p.p.) and Yemen (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of the United Arab Emirates (-X p.p.) displayed negative dynamics.

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

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

Export Prices by Country

The frozen skipjack tuna export price in the Middle East stood at $X per ton in 2020, growing by X% against the previous year. In general, the export price saw a prominent expansion. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Frozen Skipjack Tuna Imports

Imports in the Middle East

In 2020, supplies from abroad of frozen skipjack tuna increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded a resilient increase. The growth pace was the most rapid in 2014 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2020, imports remained at a lower figure.

In value terms, frozen skipjack tuna imports skyrocketed to $X in 2020. Overall, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% y-o-y. The level of import peaked at $X in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

Imports by Country

Turkey was the main importer of frozen skipjack tuna in the Middle East, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2020. Iran (X tons) took the second position in the ranking, distantly followed by Israel (X tons) and the United Arab Emirates (X tons). All these countries together held near X% share of total imports.

From 2007 to 2020, the biggest increases were in Israel, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen skipjack tuna importing markets in the Middle East were Turkey ($X), Iran ($X) and Israel ($X), with a combined X% share of total imports.

Among the main importing countries, Israel recorded the highest growth rate of 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 frozen skipjack tuna import price in the Middle East stood at $X per ton in 2020, shrinking by -X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. 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 remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Iran ($X per ton) and Turkey ($X per ton), while the United Arab Emirates ($X per ton) and Israel ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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