Middle East: Frozen Freshwater Fish Market 2024

Frozen Freshwater Fish Market Size in the Middle East

In 2021, the Middle Eastern frozen freshwater fish market decreased by -19.2% to $X, falling for the fourth consecutive year after six years of growth. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Frozen Freshwater Fish Production in the Middle East

In value terms, frozen freshwater fish production fell to $X in 2021 estimated in export price. The total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +13.8% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 38%. The level of production peaked at $X in 2020, and then shrank in the following year.

Frozen Freshwater Fish Exports

Exports in the Middle East

In 2021, frozen freshwater fish exports in the Middle East surged to X tons, rising by 51% against the year before. Overall, exports posted buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 155% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, frozen freshwater fish exports skyrocketed to $X in 2021. Over the period under review, exports posted buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 99%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Oman was the key exporting country with an export of around X tons, which amounted to 46% of total exports. Iran (X tons) took the second position in the ranking, followed by Turkey (X tons) and Yemen (X tons). All these countries together took near 50% share of total exports. The United Arab Emirates (X tons) held a relatively small share of total exports.

Exports from Oman increased at an average annual rate of +18.1% from 2012 to 2021. At the same time, Iran (+28.8%), the United Arab Emirates (+17.0%) and Turkey (+16.4%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +28.8% from 2012-2021. Yemen experienced a relatively flat trend pattern. From 2012 to 2021, the share of Iran, Oman and Turkey increased by +14, +9 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest frozen freshwater fish supplying countries in the Middle East were Turkey ($X), Iran ($X) and Oman ($X), with a combined 82% share of total exports.

Among the main exporting countries, Iran, with a CAGR of +33.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, surging by 6.4% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 45%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Turkey ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Yemen (+7.7%), while the other leaders experienced more modest paces of growth.

Frozen Freshwater Fish Imports

Imports in the Middle East

In 2021, purchases abroad of frozen freshwater fish increased by 13% to X tons for the first time since 2017, thus ending a three-year declining trend. Total imports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when imports increased by 35% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, frozen freshwater fish imports rose slightly to $X in 2021. The total import value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when imports increased by 35% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) represented roughly 48% of total imports in 2021. It was distantly followed by Oman (X tons), Bahrain (X tons), Qatar (X tons), Jordan (X tons) and Kuwait (X tons), together comprising a 45% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Bahrain (with a CAGR of +47.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Jordan ($X) constituted the countries with the highest levels of imports in 2021, with a combined 62% share of total imports. These countries were followed by Qatar, Oman, Kuwait and Bahrain, which together accounted for a further 30%.

Bahrain, with a CAGR of +40.1%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, falling by -9.6% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 14% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Jordan ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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