Saudi Arabia: Preserved Herring Market 2025

Preserved Herring Market Size in Saudi Arabia

In 2021, after five years of growth, there was decline in the Saudi preserved herring market, when its value decreased by -3.2% to $X. Overall, consumption, however, continues to indicate a resilient increase. Over the period under review, the market reached the maximum level at $X in 2020, and then declined slightly in the following year.

Preserved Herring Production in Saudi Arabia

In value terms, preserved herring production reduced modestly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 116%. Over the period under review, production attained the peak level at $X in 2020, and then shrank in the following year.

Preserved Herring Exports

Exports from Saudi Arabia

In 2021, shipments abroad of herrings (prepared or preserved) increased by 151% to X tons, rising for the fourth year in a row after five years of decline. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 326%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, preserved herring exports skyrocketed to $X in 2021. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2018 with an increase of 872% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Jordan (X tons) was the main destination for preserved herring exports from Saudi Arabia, with a approx. 100% share of total exports.

From 2017 to 2021, the average annual rate of growth in terms of volume to Jordan stood at +84.7%.

From 2017 to 2021, the average annual growth rate of value to Jordan stood at +69.2%.

Export Prices by Country

In 2021, the average preserved herring export price amounted to $X per ton, reducing by -12.3% against the previous year. Over the period under review, export price indicated a prominent increase from 2017 to 2021: its price increased at an average annual rate of +15.1% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved herring export price decreased by -23.1% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 128%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Jordan.

From 2017 to 2021, the rate of growth in terms of prices for Jordan amounted to -8.4% per year.

Preserved Herring Imports

Imports into Saudi Arabia

In 2014, imports of herrings (prepared or preserved) into Saudi Arabia soared to X tons, jumping by 51% compared with the previous year. Overall, total imports indicated a strong expansion from 2012 to 2014: its volume increased at an average annual rate of +14.0% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved herring imports skyrocketed to $X in 2014. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Norway (X tons), Egypt (X tons) and Ukraine (X tons) were the main suppliers of preserved herring imports to Saudi Arabia. Moreover, preserved herring imports in Norway exceeded the figures recorded by the second-largest supplier, Egypt, threefold.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of 0.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest preserved herring suppliers to Saudi Arabia were Norway ($X), Ukraine ($X) and Egypt ($X). Moreover, preserved herring imports in Norway exceeded the figures recorded by the second-largest supplier, Ukraine, sevenfold.

In terms of the main suppliers, Norway, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average preserved herring import price stood at less than $X per ton in 2021, approximately reflecting the previous year. In general, the import price continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 when the average import price increased by 96% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (-11.1%).

Source: IndexBox Platform

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