Saudi Arabia: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in Saudi Arabia

The Saudi market for frozen, dried and smoked fish reached $X in 2022, picking up by X% against the previous year. Overall, consumption saw a perceptible expansion. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Frozen, Dried And Smoked Fish in Saudi Arabia

In value terms, frozen, dried and smoked fish production amounted to $X in 2022 estimated in export price. Over the period under review, production showed resilient growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Frozen, dried and smoked fish production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Frozen, Dried And Smoked Fish

Exports from Saudi Arabia

In 2022, the amount of frozen, dried and smoked fish exported from Saudi Arabia dropped to X tons, falling by X% against the year before. In general, exports, however, enjoyed a strong increase. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, frozen, dried and smoked fish exports dropped to $X in 2022. Over the period under review, exports, however, saw a strong increase. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Bahrain (X tons) was the main destination for frozen, dried and smoked fish exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, frozen, dried and smoked fish exports to Bahrain exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), sixfold. The third position in this ranking was taken by Australia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bahrain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Australia (X% per year).

In value terms, Bahrain ($X) remains the key foreign market for frozen, dried and smoked fish exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bahrain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average export price for frozen, dried and smoked fish amounted to $X per ton, increasing by X% against the previous year. In general, the export price saw a pronounced increase. The pace of growth was the most pronounced in 2016 an increase of X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Frozen, Dried And Smoked Fish

Imports into Saudi Arabia

In 2022, after four years of decline, there was growth in purchases abroad of frozen, dried and smoked fish, when their volume increased by X% to X tons. Overall, imports, however, recorded a mild setback. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, frozen, dried and smoked fish imports rose rapidly to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Bahrain (X tons) constituted the largest frozen, dried and smoked fish supplier to Saudi Arabia, accounting for a X% share of total imports. Moreover, frozen, dried and smoked fish imports from Bahrain exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bahrain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and the United Arab Emirates (X% per year).

In value terms, Bahrain ($X) constituted the largest supplier of frozen, dried and smoked fish to Saudi Arabia, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Bahrain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The average import price for frozen, dried and smoked fish stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Bahrain ($X per ton) and the United Arab Emirates ($X per ton), while the price for Malaysia ($X per ton) and Myanmar ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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