United Arab Emirates: Market for Cod, Salted or in Brine 2024

Market Size for Cod, Salted or in Brine in the United Arab Emirates

The market for cod, salted or in brine in the United Arab Emirates contracted to $X in 2022, almost unchanged from the previous year. In general, consumption showed a pronounced downturn. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Cod, Salted or in Brine in the United Arab Emirates

In value terms, cod, salted or in brine production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2014 when the production volume increased by 19% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Exports of Cod, Salted or in Brine

Exports from the United Arab Emirates

After two years of growth, overseas shipments of cod, salted or in brine decreased by -26.6% to X kg in 2022. Over the period under review, exports, however, showed a temperate expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 464% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, cod, salted or in brine exports fell dramatically to $X in 2022. Overall, exports, however, saw a measured expansion. The growth pace was the most rapid in 2020 when exports increased by 508% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Maldives (X kg) was the main destination for cod, salted or in brine exports from the United Arab Emirates, accounting for a 91% share of total exports. Moreover, cod, salted or in brine exports to Maldives exceeded the volume sent to the second major destination, Seychelles (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Maldives totaled +10.7%.

In value terms, Maldives ($X) remains the key foreign market for cod, salted or in brine exports from the United Arab Emirates, comprising 93% of total exports. The second position in the ranking was taken by Seychelles ($X), with a 6.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Maldives totaled +2.5%.

Export Prices by Country

The average export price for cod, salted or in brine stood at $X per ton in 2022, growing by 5.2% against the previous year. In general, the export price, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2019 when the average export price increased by 55%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Seychelles stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Seychelles (+13.7%).

Imports of Cod, Salted or in Brine

Imports into the United Arab Emirates

In 2022, the amount of cod, salted or in brine imported into the United Arab Emirates soared to X kg, rising by 36% on 2021. In general, imports recorded pronounced growth. The growth pace was the most rapid in 2014 with an increase of 1,513% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, cod, salted or in brine imports rose modestly to $X in 2022. Overall, imports, however, showed a mild curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 446% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

France (X kg), India (X kg) and Portugal (X kg) were the main suppliers of cod, salted or in brine imports to the United Arab Emirates, with a combined 72% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +43.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of cod, salted or in brine to the United Arab Emirates, comprising 50% of total imports. The second position in the ranking was held by Portugal ($X), with an 18% share of total imports. It was followed by India, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to +26.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+46.6% per year) and India (-20.1% per year).

Import Prices by Country

In 2022, the average import price for cod, salted or in brine amounted to $X per ton, with a decrease of -23.4% against the previous year. Over the period under review, the import price continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2016 an increase of 81% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iceland (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :