Report Update Nov 1, 2024

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

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Saudi Arabia: Preserved Salmon Market 2024

Preserved Salmon Market Size in Saudi Arabia

In 2021, after two years of decline, there was significant growth in the Saudi preserved salmon market, when its value increased by 12% to $X. Overall, consumption recorded prominent growth. Preserved salmon consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Preserved Salmon Production in Saudi Arabia

In value terms, preserved salmon production rose rapidly to $X in 2021 estimated in export price. Overall, production enjoyed a prominent expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by 60% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Preserved Salmon Exports

Exports from Saudi Arabia

In 2021, approx. X tons of salmon (prepared or preserved) were exported from Saudi Arabia; with an increase of 94% on 2020 figures. In general, exports enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2019 with an increase of 434%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, preserved salmon exports surged to $X in 2021. Over the period under review, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 483% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Yemen (X tons) was the main destination for preserved salmon exports from Saudi Arabia, with a 200% share of total exports. Moreover, preserved salmon exports to Yemen exceeded the volume sent to the second major destination, Canada (X tons), fivefold.

From 2012 to 2019, the average annual growth rate of volume to Yemen amounted to +648.9%.

In value terms, Yemen ($X) remains the key foreign market for salmon (prepared or preserved) exports from Saudi Arabia, comprising 69% of total exports. The second position in the ranking was taken by Canada ($X), with a 31% share of total exports.

From 2012 to 2019, the average annual growth rate of value to Yemen amounted to +414.0%.

Export Prices by Country

In 2019, the average preserved salmon export price amounted to $X per ton, picking up by 9.1% against the previous year. Overall, the export price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 54%. The export price peaked in 2019 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2019, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Yemen stood at $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (-31.4%).

Preserved Salmon Imports

Imports into Saudi Arabia

In 2021, imports of salmon (prepared or preserved) into Saudi Arabia totaled less than X kg, remaining stable against the previous year's figure. Overall, imports showed a relatively flat trend pattern.

In value terms, preserved salmon imports amounted to less than $X in 2021. In general, imports saw a relatively flat trend pattern.

Imports by Country

Indonesia (X tons), Thailand (X tons) and Norway (X tons) were the main suppliers of preserved salmon imports to Saudi Arabia, with a combined 60% share of total imports. Moreover, preserved salmon imports in Indonesia exceeded the figures recorded by the second-largest supplier, Thailand, fourfold.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of +28.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and Norway ($X) constituted the largest preserved salmon suppliers to Saudi Arabia, with a combined 60% share of total imports. Moreover, preserved salmon imports in Indonesia exceeded the figures recorded by the second-largest supplier, Thailand, threefold.

Norway, with a CAGR of +19.2%, 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 more modest paces of growth.

Import Prices by Country

In 2020, the average preserved salmon import price amounted to less than $X per ton, approximately equating the previous year. In general, the import price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Thailand (+13.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

Norway remains the largest preserved salmon consuming country worldwide, comprising approx. 60% of total volume. Moreover, preserved salmon consumption in Norway exceeded the figures recorded by the second-largest consumer, China, eightfold. The United States ranked third in terms of total consumption with a 4% share.

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

The country with the largest volume of preserved salmon production was Norway, accounting for 61% of total volume. Moreover, preserved salmon production in Norway exceeded the figures recorded by the second-largest producer, China, eightfold. The United States ranked third in terms of total production with a 4.3% share.

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

In value terms, the largest preserved salmon suppliers to Saudi Arabia were Indonesia, Thailand and Norway, with a combined 75% share of total imports. Moreover, preserved salmon imports in Indonesia exceeded the figures recorded by the second-largest supplier, Thailand, threefold.

What are the leading importers of salmon (prepared or preserved) from Saudi Arabia?

In value terms, Yemen remains the key foreign market for preserved salmon exports from Saudi Arabia, comprising 69% of total exports. The second position in the ranking was occupied by Canada, with a 31% share of total exports.

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

In 2019, the average preserved salmon export price amounted to $6,018 per ton, which is down by -20.4% against the previous year.

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

The average preserved salmon import price stood at $less than 0.1 per ton in 2020, remaining constant against the previous year.

This report provides an in-depth analysis of the preserved salmon 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 10202510 - Prepared or preserved salmon, 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