United Arab Emirates: Frozen Atlantic Halibut Market 2022

Frozen Atlantic Halibut Market Size in the United Arab Emirates

The frozen atlantic halibut market in the United Arab Emirates was estimated at $X in 2019, therefore, remained relatively stable against the previous year. Over the period under review, consumption showed a dramatic decrease. Frozen atlantic halibut consumption peaked at $X in 2014; however, from 2015 to 2019, consumption remained at a lower figure.

Frozen Atlantic Halibut Production in the United Arab Emirates

In value terms, frozen atlantic halibut production skyrocketed to $X in 2020 estimated in export prices. In general, production, however, showed a dramatic slump. Frozen atlantic halibut production peaked at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Frozen Atlantic Halibut Exports

Exports from the United Arab Emirates

Frozen atlantic halibut exports from the United Arab Emirates contracted slightly to X tons in 2020, standing approx. at 2019. In general, exports recorded a precipitous curtailment. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, frozen atlantic halibut exports contracted sharply to $X in 2020. Overall, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Oman (X tons) was the main destination for frozen atlantic halibut exports from the United Arab Emirates, with a X% share of total exports. Moreover, frozen atlantic halibut exports to Oman exceeded the volume sent to the second major destination, Seychelles (X kg), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume to Oman totaled +X%.

In value terms, Oman ($X) remains the key foreign market for frozen atlantic halibut exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was occupied by Seychelles ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Oman stood at +X%.

Export Prices by Country

The average frozen atlantic halibut export price stood at $X per ton in 2020, falling by -X% against the previous year. Over the period under review, the export price, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average export prices hit record highs at $X per ton in 2019, and then shrank in the following year.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Seychelles ($X per ton), while the average price for exports to Oman stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Seychelles (+X% per year).

Frozen Atlantic Halibut Imports

Imports into the United Arab Emirates

In 2020, approx. X tons of frozen atlantic halibut were imported into the United Arab Emirates; waning by -X% on 2019. In general, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, frozen atlantic halibut imports amounted to $X in 2020. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

The U.S. (X kg), Norway (X kg) and China (X kg) were the main suppliers of frozen atlantic halibut imports to the United Arab Emirates, together accounting for X% of total imports. These countries were followed by Canada, Iceland, the UK and Germany, which together accounted for a further X 2007 to 2020, the biggest increases were in Canada (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constituted the largest supplier of frozen atlantic halibut to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was occupied by Norway ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (-X% per year) and the UK (+X% per year).

Import Prices by Country

In 2020, the average frozen atlantic halibut import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price saw a resilient expansion. The most prominent rate of growth was recorded in 2009 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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