Middle East: Smoked Salmon Market 2024

Smoked Salmon Market Size in the Middle East

The Middle Eastern smoked salmon market contracted to $X in 2022, with a decrease of -1.9% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Smoked Salmon Production in the Middle East

In value terms, smoked salmon production fell to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 11% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Smoked Salmon Exports

Exports in the Middle East

In 2022, overseas shipments of smoked pacific, atlantic and danube salmon were finally on the rise to reach X tons after two years of decline. In general, exports saw a resilient increase. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, smoked salmon exports soared to $X in 2022. Over the period under review, exports posted a buoyant increase. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey was the major exporting country with an export of around X tons, which accounted for 56% of total exports. The United Arab Emirates (X tons) took a 37% share (based on physical terms) of total exports, which put it in second place, followed by Lebanon (5.6%).

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +112.4%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Turkey ($X) emerged as the largest smoked salmon supplier in the Middle East, comprising 69% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at +119.4%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+5.1% per year) and Lebanon (-2.4% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, increasing by 30% against the previous year. Export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, smoked salmon export price increased by +30.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 45%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.3%), while the other leaders experienced mixed trends in the export price figures.

Smoked Salmon Imports

Imports in the Middle East

In 2022, imports of smoked pacific, atlantic and danube salmon in the Middle East skyrocketed to X tons, picking up by 28% against the year before. Overall, imports, however, recorded a slight downturn. The growth pace was the most rapid in 2015 with an increase of 66% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, smoked salmon imports surged to $X in 2022. In general, imports continue to indicate a notable expansion. The pace of growth was the most pronounced in 2015 with an increase of 37% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Israel was the major importer of smoked pacific, atlantic and danube salmon in the Middle East, with the volume of imports finishing at X tons, which was approx. 49% of total imports in 2022. The United Arab Emirates (X tons) ranks second in terms of the total imports with an 18% share, followed by Turkey (11%), Kuwait (5.4%) and Jordan (4.7%). The following importers - Qatar (X tons) and Iraq (X tons) - together made up 6.8% of total imports.

From 2012 to 2022, average annual rates of growth with regard to smoked salmon imports into Israel stood at +11.7%. At the same time, Iraq (+27.2%), Turkey (+25.8%), Jordan (+1.8%) and Kuwait (+1.7%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +27.2% from 2012-2022. By contrast, the United Arab Emirates (-9.5%) and Qatar (-18.2%) illustrated a downward trend over the same period. Israel (+36 p.p.), Turkey (+9.8 p.p.), Iraq (+2.3 p.p.) and Kuwait (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates and Qatar saw its share reduced by -22.1% and -22.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) constitutes the largest market for imported smoked pacific, atlantic and danube salmon in the Middle East, comprising 51% of total imports. The second position in the ranking was held by Turkey ($X), with a 15% share of total imports. It was followed by the United Arab Emirates, with a 15% share.

In Israel, smoked salmon imports expanded at an average annual rate of +14.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (+32.6% per year) and the United Arab Emirates (-8.5% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, rising by 5.9% against the previous year. Import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, smoked salmon import price increased by +36.9% against 2014 indices. The pace of growth was the most pronounced in 2014 when the import price increased by 32%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Qatar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+8.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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