Saudi Arabia: Market for Flours, Meals And Pellets Of Fish 2024

Market Size for Flours, Meals And Pellets Of Fish in Saudi Arabia

In 2021, the Saudi fish meals and pellet market increased by 39% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption posted a temperate increase. Fish meals and pellet consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Flours, Meals And Pellets Of Fish in Saudi Arabia

In value terms, fish meals and pellet production declined slightly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 10%. As a result, production attained the peak level of $X, and then dropped modestly in the following year.

Exports of Flours, Meals And Pellets Of Fish

Exports from Saudi Arabia

In 2021, overseas shipments of flours, meals and pellets of fish decreased by -64.7% to X tons, falling for the third consecutive year after two years of growth. In general, exports saw a noticeable reduction. The most prominent rate of growth was recorded in 2018 with an increase of 188% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, fish meals and pellet exports dropped significantly to $X in 2021. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of 180%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for fish meals and pellet exports from Saudi Arabia, accounting for a 95% share of total exports. Moreover, fish meals and pellet exports to the United Arab Emirates exceeded the volume sent to the second major destination, Kuwait (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates amounted to -51.1%.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for flours, meals and pellets of fish exports from Saudi Arabia, comprising 96% of total exports. The second position in the ranking was held by Kuwait ($X), with a 4.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates stood at -22.0%.

Export Prices by Country

The average fish meals and pellet export price stood at $X per ton in 2021, falling by -6.4% against the previous year. Overall, the export price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2020 an increase of 1.5% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Kuwait amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+59.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flours, Meals And Pellets Of Fish

Imports into Saudi Arabia

After two years of decline, supplies from abroad of flours, meals and pellets of fish increased by 572% to X tons in 2021. Over the period under review, imports, however, saw a dramatic setback. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, fish meals and pellet imports surged to $X in 2021. Overall, imports, however, showed a deep reduction. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X tons) constituted the largest fish meals and pellet supplier to Saudi Arabia, accounting for a 76% share of total imports. Moreover, fish meals and pellet imports from Japan exceeded the figures recorded by the second-largest supplier, Egypt (X kg), fourfold.

From 2013 to 2021, the average annual growth rate of volume from Japan amounted to -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (0.0% per year) and France (0.0% per year).

In value terms, Japan ($X) constituted the largest supplier of flours, meals and pellets of fish to Saudi Arabia, comprising 89% of total imports. The second position in the ranking was held by France ($X), with a 10% share of total imports.

From 2013 to 2021, the average annual growth rate of value from Japan stood at +21.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (0.0% per year) and Egypt (0.0% per year).

Import Prices by Country

The average fish meals and pellet import price stood at $X per ton in 2021, rising by 64% against the previous year. Over the period under review, the import price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2020 an increase of 88% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+54.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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