United Arab Emirates: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in the United Arab Emirates

The battered fish fillet market in the United Arab Emirates expanded remarkably to $X in 2021, with an increase of 5.6% against the previous year. In general, consumption continues to indicate a resilient expansion. Battered fish fillet consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Battered Fish Fillet Production in the United Arab Emirates

In value terms, battered fish fillet production stood at $X in 2021 estimated in export price. Overall, production continues to indicate a strong expansion. The growth pace was the most rapid in 2018 with an increase of 89% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Battered Fish Fillet Exports

Exports from the United Arab Emirates

Battered fish fillet exports from the United Arab Emirates shrank to X tons in 2021, declining by -8.6% on the previous year's figure. Overall, exports saw a drastic downturn. The growth pace was the most rapid in 2014 with an increase of 225%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, battered fish fillet exports stood at $X in 2021. In general, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when exports increased by 237%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

India (X tons), Ethiopia (X tons) and Sri Lanka (X tons) were the main destinations of battered fish fillet exports from the United Arab Emirates.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +273.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for battered fish fillet exported from the United Arab Emirates were Ethiopia ($X), Hong Kong SAR ($X) and Seychelles ($X).

In terms of the main countries of destination, Yemen, with a CAGR of +206.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average battered fish fillet export price amounted to $X per ton, rising by 9.5% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, battered fish fillet export price decreased by -30.1% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 95% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Battered Fish Fillet Imports

Imports into the United Arab Emirates

Battered fish fillet imports into the United Arab Emirates shrank to X tons in 2021, with a decrease of -14.6% compared with the previous year's figure. Overall, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 166% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, battered fish fillet imports shrank markedly to $X in 2021. In general, imports, however, showed prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 125%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Malaysia (X tons) and the Philippines (X tons) were the main suppliers of battered fish fillet imports to the United Arab Emirates, with a combined 44% share of total imports. These countries were followed by the United States, the UK, Vietnam and Thailand, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +91.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Malaysia ($X) and the UK ($X) were the largest battered fish fillet suppliers to the United Arab Emirates, together accounting for 46% of total imports. China, the Philippines, Vietnam and Thailand lagged somewhat behind, together comprising a further 26%.

In terms of the main suppliers, Thailand, with a CAGR of +114.1%, saw the highest rates of growth with regard to 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

The average battered fish fillet import price stood at $X per ton in 2021, declining by -16.4% against the previous year. Over the period under review, the import price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2020 an increase of 40% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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