United Arab Emirates: Market for Caviar (Salmon) And Caviar Substitutes 2024

Market Size for Caviar (Salmon) And Caviar Substitutes in the United Arab Emirates

In 2021, the market for caviar (salmon) and caviar substitutes in the United Arab Emirates increased by 3.7% to $X, rising for the fifth year in a row after three years of decline. In general, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +66.3% against 2016 indices. Caviar (salmon) and caviar substitutes consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Production of Caviar (Salmon) And Caviar Substitutes in the United Arab Emirates

In value terms, caviar (salmon) and caviar substitutes production dropped to $X in 2021 estimated in export price. Over the period under review, the total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +66.2% against 2016 indices. The most prominent rate of growth was recorded in 2020 with an increase of 37% against the previous year. As a result, production reached the peak level of $X, and then contracted in the following year.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports from the United Arab Emirates

In 2021, shipments abroad of caviar (salmon) and caviar substitutes was finally on the rise to reach X tons after two years of decline. In general, exports, however, saw a deep downturn. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, caviar (salmon) and caviar substitutes exports soared to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 113% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Maldives (X kg) and Seychelles (X kg) were the main destinations of caviar (salmon) and caviar substitutes exports from the United Arab Emirates.

From 2012 to 2021, the biggest increases were recorded for Seychelles (with a CAGR of -8.9%).

In value terms, Maldives ($X) emerged as the key foreign market for caviar (salmon) and caviar substitutes exports from the United Arab Emirates, comprising 95% of total exports. The second position in the ranking was held by Seychelles ($X), with a 4.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Maldives totaled +1.6%.

Export Prices by Country

The average export price for caviar (salmon) and caviar substitutes stood at $X per ton in 2021, reducing by -63.7% against the previous year. Overall, the export price, however, showed strong growth. The growth pace was the most rapid in 2020 when the average export price increased by 209% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced sharply in the following year.

Prices varied noticeably country of destination: the country with the highest price was Maldives ($X per ton), while the average price for exports to Seychelles totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+191.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Caviar (Salmon) And Caviar Substitutes

Imports into the United Arab Emirates

Caviar (salmon) and caviar substitutes imports into the United Arab Emirates skyrocketed to X tons in 2021, with an increase of 94% against 2020. In general, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +9.5% over the last nine-year period. 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, caviar (salmon) and caviar substitutes imports soared to $X in 2021. Overall, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Japan (X tons) constituted the largest supplier of caviar (salmon) and caviar substitutes to the United Arab Emirates, accounting for a 62% share of total imports. Moreover, caviar (salmon) and caviar substitutes imports from Japan exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was taken by Belarus (X tons), with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume from Japan amounted to +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+829.4% per year) and Belarus (+55.5% per year).

In value terms, Japan ($X) constituted the largest supplier of caviar (salmon) and caviar substitutes to the United Arab Emirates, comprising 63% of total imports. The second position in the ranking was taken by China ($X), with an 8.1% share of total imports. It was followed by Ukraine, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value from Japan totaled +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1,025.6% per year) and Ukraine (+59.0% per year).

Import Prices by Country

In 2021, the average import price for caviar (salmon) and caviar substitutes amounted to $X per ton, rising by 16% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+21.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :