Saudi Arabia: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in Saudi Arabia

In 2021, after two years of growth, there was decline in the Saudi battered fish fillet market, when its value decreased by -1.5% to $X. Overall, consumption, however, showed strong growth. Over the period under review, the market attained the maximum level at $X in 2020, and then reduced modestly in the following year.

Battered Fish Fillet Production in Saudi Arabia

In value terms, battered fish fillet production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, posted a buoyant increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 195%. Over the period under review, production reached the peak level at $X in 2020, and then shrank modestly in the following year.

Battered Fish Fillet Exports

Exports from Saudi Arabia

Battered fish fillet exports from Saudi Arabia reduced rapidly to X tons in 2021, dropping by -60.6% compared with 2020 figures. Over the period under review, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 1,271%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, battered fish fillet exports declined rapidly to $X in 2021. In general, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by 2,610% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), Hong Kong SAR (X tons) and Bahrain (X kg) were the main destinations of battered fish fillet exports from Saudi Arabia, together comprising 50% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +61.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for battered fish fillet exported from Saudi Arabia were the United Arab Emirates ($X), Hong Kong SAR ($X) and Bahrain ($X), together comprising 87% of total exports.

The United Arab Emirates, with a CAGR of +64.2%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average battered fish fillet export price amounted to $X per ton, declining by -29.7% against the previous year. In general, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, battered fish fillet export price decreased by -33.0% against 2017 indices. The growth pace was the most rapid in 2013 when the average export price increased by 98%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+61.3%), while the prices for the other major destinations experienced more modest paces of growth.

Battered Fish Fillet Imports

Imports into Saudi Arabia

In 2018, overseas purchases of fish fillets in batter or breadcrumbs decreased by -81% to X tons, falling for the third consecutive year after four years of growth. Overall, imports faced a precipitous contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 39% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

In value terms, battered fish fillet imports dropped markedly to $X in 2018. In general, imports recorded a sharp descent. The pace of growth appeared the most rapid in 2013 with an increase of 40% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2018, imports remained at a lower figure.

Imports by Country

Thailand (X tons) and Japan (X tons) were the main suppliers of battered fish fillet imports to Saudi Arabia.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of 0.0%).

In value terms, the largest battered fish fillet suppliers to Saudi Arabia were Thailand ($X) and Japan ($X). Moreover, battered fish fillet imports in Thailand exceeded the figures recorded by the second-largest supplier, Japan, fourfold.

Among the main suppliers, Japan, with a CAGR of 0.0%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average battered fish fillet import price stood at less than $X per ton in 2021, remaining stable against the previous year. Overall, the import price showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 an increase of 5.2%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Thailand stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (-1.8%).

Source: IndexBox Platform

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