Saudi Arabia: Frozen Salmonoids Market 2022

Frozen Salmonoids Market Size in Saudi Arabia

The Saudi frozen salmonoids market soared to $X in 2020, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2011 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2020, consumption stood at a somewhat lower figure.

Frozen Salmonoids Exports

Exports from Saudi Arabia

In 2020, shipments abroad of frozen salmonoids increased by X% to X tons, rising for the fourth year in a row after four years of decline. Over the period under review, exports, however, saw a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen salmonoids exports skyrocketed to $X in 2020. Overall, exports, however, continue to indicate a perceptible slump. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Exports peaked at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Bahrain (X tons) was the main destination for frozen salmonoids exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, frozen salmonoids 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 occupied by Bangladesh (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate 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 Bangladesh (+X% per year).

In value terms, Bahrain ($X) emerged as the key foreign market for frozen salmonoids exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Bangladesh, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Bahrain amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+X% per year) and Bangladesh (+X% per year).

Export Prices by Country

The average frozen salmonoids export price stood at $X per ton in 2020, dropping by -X% against the previous year. Over the period under review, the export price, however, saw temperate growth. The pace of growth was the most pronounced in 2011 an increase of X% year-to-year. As a result, export price attained the peak level of $X per ton. from 2012 to 2020, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Bahrain ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Salmonoids Imports

Imports into Saudi Arabia

In 2020, frozen salmonoids imports into Saudi Arabia soared to X tons, growing by X% on 2019 figures. Over the period under review, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Imports peaked at X tons in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

In value terms, frozen salmonoids imports soared to $X in 2020. Overall, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Myanmar (X tons) constituted the largest frozen salmonoids supplier to Saudi Arabia, with a X% share of total imports. Moreover, frozen salmonoids imports from Myanmar exceeded the figures recorded by the second-largest supplier, Bangladesh (X tons), more than tenfold. The third position in this ranking was occupied by Taiwan (Chinese) (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Myanmar totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (-X% per year) and Taiwan (Chinese) (-X% per year).

In value terms, Myanmar ($X) constituted the largest supplier of frozen salmonoids to Saudi Arabia, comprising X% of total imports. The second position in the ranking was occupied by Bangladesh ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2007 to 2020, the average annual growth rate of value from Myanmar amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (+X% per year) and Taiwan (Chinese) (-X% per year).

Import Prices by Country

The average frozen salmonoids import price stood at $X per ton in 2020, dropping by -X% against the previous year. In general, import price indicated a notable increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, frozen salmonoids import price decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2012 an increase of X% year-to-year. The import price peaked at $X per ton in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Norway ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Bangladesh, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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