Saudi Arabia: Frozen Tilapias Market 2022

Frozen Tilapias Market Size in Saudi Arabia

The Saudi frozen tilapias market shrank dramatically to $X in 2020, declining 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, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. from 2016 to 2020, the growth of the market remained at a lower figure.

Frozen Tilapias Exports

Exports from Saudi Arabia

In 2020, the amount of frozen tilapias exported from Saudi Arabia skyrocketed to X tons, rising by X% against the previous year's figure. In general, exports, however, continue to indicate a abrupt decline. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, frozen tilapias exports skyrocketed to $X in 2020. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

India (X tons), Bahrain (X tons) and the United Arab Emirates (X tons) were the main destinations of frozen tilapias exports from Saudi Arabia, together comprising X% of total exports.

From 2007 to 2020, the biggest increases were in Bahrain, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bahrain ($X), India ($X) and the United Arab Emirates ($X) appeared to be the largest markets for frozen tilapias exported from Saudi Arabia worldwide, with a combined X% share of total exports.

Bahrain saw the highest rates of growth with regard to the value of exports, in terms of 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 2020, the average frozen tilapias export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, export price indicated a notable increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, frozen tilapias export price decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, export price attained the peak level of $X per ton. from 2018 to 2020, the growth in terms of the average export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2020, the highest prices were recorded for prices to Bahrain ($X per ton) and the United Arab Emirates ($X per ton), while the average price for exports to Thailand ($X per ton) and India ($X per ton) were amongst the lowest.

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

Frozen Tilapias Imports

Imports into Saudi Arabia

In 2020, the amount of frozen tilapias imported into Saudi Arabia shrank sharply to X tons, reducing by -X% on the previous year's figure. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. from 2016 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, frozen tilapias imports dropped markedly to $X in 2020. Overall, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. from 2016 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, Egypt (X tons) constituted the largest supplier of frozen tilapias to Saudi Arabia, accounting for a X% share of total imports. Moreover, frozen tilapias imports from Egypt exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fourfold.

From 2007 to 2020, the average annual growth rate of volume from Egypt was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-X% per year) and the United Arab Emirates (X% per year).

In value terms, Egypt ($X), Taiwan (Chinese) ($X) and the United Arab Emirates ($X) appeared to be the largest frozen tilapias suppliers to Saudi Arabia.

The United Arab Emirates recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2020, the average frozen tilapias import price amounted to $X per ton, declining by -X% against the previous year. Overall, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per ton in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Egypt, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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