Report Update Nov 1, 2024

Saudi Arabia - Herrings (Prepared or Preserved) - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Preserved Herring Market 2024

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

Frequently Asked Questions (FAQ) :

What are the largest markets for herrings (prepared or preserved) in the world?

China constituted the country with the largest volume of preserved herring consumption, accounting for 18% of total volume. Moreover, preserved herring consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 6.3% share.

What are the largest producers of herrings (prepared or preserved) in the world?

China constituted the country with the largest volume of preserved herring production, accounting for 18% of total volume. Moreover, preserved herring production in China exceeded the figures recorded by the second-largest producer, India, twofold. The United States ranked third in terms of total production with a 6% share.

What are the leading suppliers of herrings (prepared or preserved) to Saudi Arabia?

In value terms, Egypt constituted the largest supplier of preserved herring to Saudi Arabia.

What is the average export price for herrings (prepared or preserved) in Saudi Arabia?

In 2018, the average preserved herring export price amounted to $1,341 per ton, shrinking by -5.8% against the previous year.

What is the average import price for herrings (prepared or preserved) in Saudi Arabia?

The average preserved herring import price stood at $2,995 per ton in 2014, growing by 94% against the previous year.

This report provides an in-depth analysis of the preserved herring market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10202520 - Prepared or preserved herrings, whole or in pieces (excluding minced products and prepared meals and dishes)

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023