Middle East: Preserved Salmon Market 2024

Preserved Salmon Market Size in the Middle East

The Middle Eastern preserved salmon market was finally on the rise to reach $X in 2021, after three years of decline. The total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -23.5% against 2017 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Preserved Salmon Production in the Middle East

In value terms, preserved salmon production rose significantly to $X in 2021 estimated in export price. The total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -20.3% against 2017 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 36% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Preserved Salmon Exports

Exports in the Middle East

Preserved salmon exports soared to X tons in 2021, growing by 32% on 2020. Over the period under review, exports posted buoyant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 120%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, preserved salmon exports skyrocketed to $X in 2021. Overall, exports showed a strong expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 139% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Iran represented the main exporting country with an export of about X tons, which reached 49% of total exports. The United Arab Emirates (X tons) held the second position in the ranking, distantly followed by Israel (X tons). All these countries together took approx. 42% share of total exports. Turkey (X tons), Lebanon (X tons) and Saudi Arabia (X tons) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +41.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) emerged as the largest preserved salmon supplier in the Middle East, comprising 44% of total exports. The second position in the ranking was taken by Iran ($X), with a 22% share of total exports. It was followed by Israel, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +31.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (+19.8% per year) and Israel (+16.1% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, jumping by 20% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the export price increased by 27%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+12.6%), while the other leaders experienced more modest paces of growth.

Preserved Salmon Imports

Imports in the Middle East

In 2021, purchases abroad of salmon (prepared or preserved) was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 50% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, preserved salmon imports rose notably to $X in 2021. Over the period under review, imports showed modest growth. The most prominent rate of growth was recorded in 2016 when imports increased by 73% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Yemen represented the key importing country with an import of about X tons, which resulted at 67% of total imports. Israel (X tons) took a 17% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (4.7%). Kuwait (X tons), Qatar (X tons) and Iraq (X tons) took a minor share of total imports.

Imports into Yemen increased at an average annual rate of +32.5% from 2012 to 2021. At the same time, Iraq (+48.9%), Kuwait (+12.9%) and Israel (+8.0%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +48.9% from 2012-2021. By contrast, Qatar (-12.9%) and the United Arab Emirates (-13.1%) illustrated a downward trend over the same period. Yemen (+56 p.p.) and Iraq (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Qatar and the United Arab Emirates saw its share reduced by -18.8% and -29.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest preserved salmon importing markets in the Middle East were Israel ($X), Yemen ($X) and Qatar ($X), with a combined 72% share of total imports. These countries were followed by Kuwait, the United Arab Emirates and Iraq, which together accounted for a further 20%.

Iraq, with a CAGR of +53.7%, saw the highest growth rate of the value of imports, among 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, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2016 when the import price increased by 25% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Qatar ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+9.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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