United Arab Emirates: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2024

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in the United Arab Emirates

The seafood meals and pellets market in the United Arab Emirates rose remarkably to $X in 2021, increasing by 5.4% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Seafood meals and pellets consumption peaked in 2021 and is likely to see gradual growth in years to come.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in the United Arab Emirates

In value terms, seafood meals and pellets production stood at $X in 2021 estimated in export price. Over the period under review, the total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.8% against 2017 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 26%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from the United Arab Emirates

In 2021, shipments abroad of flours, meals and pellets of fish or of crustaceans and molluscs increased by 2.8% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports showed a strong increase. The pace of growth was the most pronounced in 2015 when exports increased by 259%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, seafood meals and pellets exports totaled $X in 2021. Overall, exports showed a resilient increase. The pace of growth appeared the most rapid in 2015 when exports increased by 153% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Egypt (X tons), India (X tons) and Jordan (X tons) were the main destinations of seafood meals and pellets exports from the United Arab Emirates, with a combined 75% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +93.6%), while the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), India ($X) and Iran ($X) appeared to be the largest markets for seafood meals and pellets exported from the United Arab Emirates worldwide, with a combined 62% share of total exports.

Among the main countries of destination, India, with a CAGR of +86.8%, recorded the highest rates of growth with regard to 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 seafood meals and pellets export price amounted to $X per ton, shrinking by -2.3% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, seafood meals and pellets export price decreased by -10.7% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of 57% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Iran ($X per ton), while the average price for exports to Oman ($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 Iran (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into the United Arab Emirates

In 2021, seafood meals and pellets imports into the United Arab Emirates soared to X tons, picking up by 515% on the previous year's figure. In general, imports, however, recorded a abrupt descent. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, seafood meals and pellets imports soared to $X in 2021. Over the period under review, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 425%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Denmark (X tons) constituted the largest seafood meals and pellets supplier to the United Arab Emirates, accounting for a 68% share of total imports. Moreover, seafood meals and pellets imports from Denmark exceeded the figures recorded by the second-largest supplier, the United States (X tons), eightfold. Indonesia (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Denmark amounted to -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+13.3% per year) and Indonesia (+5.9% per year).

In value terms, Denmark ($X) constituted the largest supplier of flours, meals and pellets of fish or of crustaceans and molluscs to the United Arab Emirates, comprising 81% of total imports. The second position in the ranking was held by Brazil ($X), with a 4.9% share of total imports. It was followed by Indonesia, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value from Denmark stood at -7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-23.0% per year) and Indonesia (-9.0% per year).

Import Prices by Country

In 2021, the average seafood meals and pellets import price amounted to $X per ton, waning by -23.7% against the previous year. Overall, the import price saw a noticeable slump. The pace of growth appeared the most rapid in 2015 an increase of 47% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+95.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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