Saudi Arabia: Frozen Fish Fillet Market 2025

Frozen Fish Fillet Market Size in Saudi Arabia

In 2022, the Saudi frozen fish fillet market decreased by 99.9% to less than $X for the first time since 2015, thus ending a six-year rising trend. In general, consumption showed resilient growth. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Frozen Fish Fillet Production in Saudi Arabia

In value terms, frozen fish fillet production totaled $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. Frozen fish fillet production peaked in 2022 and is expected to retain growth in the immediate term.

Frozen Fish Fillet Exports

Exports from Saudi Arabia

In 2022, approx. X tons of frozen fish fillet were exported from Saudi Arabia; shrinking by -24% against the previous year. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 274%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, frozen fish fillet exports reduced to $X in 2022. In general, exports, however, recorded a resilient increase. The growth pace was the most rapid in 2014 with an increase of 198% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X tons) was the main destination for frozen fish fillet exports from Saudi Arabia, with a 81% share of total exports. Moreover, frozen fish fillet exports to Australia exceeded the volume sent to the second major destination, Singapore (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Australia amounted to +50.7%.

In value terms, Australia ($X) emerged as the key foreign market for frozen fish fillet exports from Saudi Arabia, comprising 85% of total exports. The second position in the ranking was taken by Singapore ($X), with a 5.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia amounted to +34.6%.

Export Prices by Country

The average frozen fish fillet export price stood at $X per ton in 2022, surging by 17% against the previous year. In general, the export price, however, showed a deep contraction. The growth pace was the most rapid in 2017 an increase of 44% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Singapore totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+68.8%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Fillet Imports

Imports into Saudi Arabia

In 2021, purchases abroad of frozen fish fillet increased by 13% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports recorded a notable expansion. The pace of growth was the most pronounced in 2013 with an increase of 118% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, frozen fish fillet imports expanded rapidly to $X in 2021. In general, imports showed prominent growth. The pace of growth was the most pronounced in 2013 when imports increased by 170% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Vietnam (X tons) constituted the largest supplier of frozen fish fillet to Saudi Arabia, accounting for a 40% share of total imports. Moreover, frozen fish fillet imports from Vietnam exceeded the figures recorded by the second-largest supplier, Pakistan (X tons), fourfold. Norway (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Vietnam totaled -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+33.9% per year) and Norway (+52.4% per year).

In value terms, the largest frozen fish fillet suppliers to Saudi Arabia were Norway ($X), Vietnam ($X) and Pakistan ($X), together accounting for 69% of total imports.

Pakistan, with a CAGR of +66.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average frozen fish fillet import price amounted to $X per ton, reducing by -5.1% against the previous year. Overall, the import price, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2018 an increase of 68%. Over the period under review, average import prices reached the maximum at $X per ton in 2020, and then fell in the following year.

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 Norway ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+24.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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