United Arab Emirates: Market for Fish Fillets and Other Fish Meat 2024

Market Size for Fish Fillets and Other Fish Meat in the United Arab Emirates

The market for fish fillets and other fish meat in the United Arab Emirates shrank rapidly to $X in 2022, reducing by -23% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 +58.4% against 2020 indices. As a result, consumption attained the peak level of $X, and then declined dramatically in the following year.

Exports of Fish Fillets and Other Fish Meat

Exports from the United Arab Emirates

In 2022, shipments abroad of fish fillets and other fish meat increased by 12% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 38%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of fish fillets and other fish meat expanded to $X in 2022. In general, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by 57%. Over the period under review, the exports of attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Jordan (X tons), Poland (X tons) and Tunisia (X tons) were the main destinations of exports of fish fillets and other fish meat from the United Arab Emirates, together comprising 62% of total exports. The United States, Bahrain, Morocco and Sri Lanka lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sri Lanka (with a CAGR of +227.6%), while the other leaders experienced more modest paces of growth.

In value terms, Jordan ($X), Poland ($X) and the United States ($X) constituted the largest markets for fish fillets and other fish meat exported from the United Arab Emirates worldwide, together comprising 70% of total exports. Bahrain, Tunisia, Sri Lanka and Morocco lagged somewhat behind, together comprising a further 22%.

Sri Lanka, with a CAGR of +182.1%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for fish fillets and other fish meat amounted to $X per ton, declining by -6.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 19% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Morocco ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fillets and Other Fish Meat

Imports into the United Arab Emirates

In 2022, the amount of fish fillets and other fish meat imported into the United Arab Emirates contracted markedly to X tons, with a decrease of -20.1% against the previous year's figure. Overall, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 67% against the previous year. As a result, imports attained the peak of X tons, and then fell remarkably in the following year.

In value terms, imports of fish fillets and other fish meat reduced to $X in 2022. The total import value increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 27% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Tanzania (X tons) constituted the largest fish fillets and other fish meat supplier to the United Arab Emirates, accounting for a 7.1% share of total imports. Moreover, imports of fish fillets and other fish meat from Tanzania exceeded the figures recorded by the second-largest supplier, Chile (X tons), fourfold. Norway (X tons) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Tanzania totaled -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+17.5% per year) and Norway (+9.3% per year).

In value terms, Tanzania ($X), Chile ($X) and Norway ($X) constituted the largest fish fillets and other fish meat suppliers to the United Arab Emirates, together accounting for 18% of total imports. Japan, the Netherlands, Spain, Denmark, China, New Zealand, the UK, the United States and Germany lagged somewhat behind, together accounting for a further 14%.

In terms of the main suppliers, Spain, with a CAGR of +40.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for fish fillets and other fish meat amounted to $X per ton, growing by 12% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 31%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, 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 Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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