Saudi Arabia: Inedible Fish Products Market 2025

Inedible Fish Products Market Size in Saudi Arabia

The Saudi inedible fish products market shrank to $X in 2022, reducing by -4.4% against the previous year. In general, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.8% against 2020 indices. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Inedible Fish Products Production in Saudi Arabia

In value terms, inedible fish products production declined slightly to $X in 2022 estimated in export price. Overall, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +5.3% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by 65%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Inedible Fish Products Exports

Exports from Saudi Arabia

In 2022, exports of inedible fish products from Saudi Arabia reduced to X tons, waning by -9% compared with the previous year. Over the period under review, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 1,866%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, inedible fish products exports reduced rapidly to $X in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 743% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X kg) was the main destination for inedible fish products exports from Saudi Arabia, with a approx. 1.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium was relatively modest.

In value terms, Belgium ($X) emerged as the key foreign market for inedible fish products exports from Saudi Arabia.

From 2012 to 2022, the average annual growth rate of value to Belgium was relatively modest.

Export Prices by Country

In 2022, the average inedible fish products export price amounted to $X per ton, shrinking by -34.1% against the previous year. Over the period under review, the export price, however, enjoyed a notable expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 312%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +31.5% per year.

Inedible Fish Products Imports

Imports into Saudi Arabia

In 2022, inedible fish products imports into Saudi Arabia contracted to X tons, which is down by -13.9% on the previous year. Over the period under review, imports recorded a sharp slump. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, inedible fish products imports dropped notably to $X in 2022. Overall, imports showed a perceptible curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 88% against the previous year. Imports peaked at $X in 2021, and then declined sharply in the following year.

Imports by Country

The United States (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of inedible fish products imports to Saudi Arabia, together accounting for 52% of total imports.

From 2017 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +1,544.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) constituted the largest supplier of inedible fish products to Saudi Arabia, comprising 46% of total imports. The second position in the ranking was held by Belgium ($X), with a 13% share of total imports.

From 2017 to 2022, the average annual growth rate of value from the United States stood at +65.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+906.5% per year) and the Netherlands (0.0% per year).

Import Prices by Country

The average inedible fish products import price stood at $X per ton in 2022, with a decrease of -5.9% against the previous year. Over the period under review, the import price, however, continues to indicate a significant increase. The growth pace was the most rapid in 2018 when the average import price increased by 314%. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then dropped in the following year.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+57.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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