United Arab Emirates: Frozen Fish Market 2024

Frozen Fish Market Size in the United Arab Emirates

The frozen fish market in the United Arab Emirates shrank significantly to $X in 2022, falling by X% against the previous year. In general, consumption, however, saw a prominent increase. As a result, consumption reached the peak level of $X, and then fell dramatically in the following year.

Frozen Fish Production in the United Arab Emirates

In value terms, frozen fish production shrank rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a mild increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Frozen fish production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Frozen Fish Exports

Exports from the United Arab Emirates

In 2022, frozen fish exports from the United Arab Emirates reduced markedly to X tons, shrinking by X% on the previous year. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, frozen fish exports contracted to $X in 2022. Over the period under review, exports showed a perceptible decrease. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Iran (X tons) was the main destination for frozen fish exports from the United Arab Emirates, with a X% share of total exports. Moreover, frozen fish exports to Iran exceeded the volume sent to the second major destination, Oman (X tons), twofold. Saudi Arabia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Iran amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Saudi Arabia (X% per year).

In value terms, Iran ($X), Oman ($X) and Kuwait ($X) appeared to be the largest markets for frozen fish exported from the United Arab Emirates worldwide, together accounting for X% of total exports.

Kuwait, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average frozen fish export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Bangladesh ($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 Bangladesh (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Imports

Imports into the United Arab Emirates

In 2022, the amount of frozen fish imported into the United Arab Emirates dropped remarkably to X tons, falling by X% compared with the previous year's figure. Overall, imports, however, recorded prominent growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then reduced rapidly in the following year.

In value terms, frozen fish imports dropped significantly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then declined markedly in the following year.

Imports by Country

Vietnam (X tons), Myanmar (X tons) and Ghana (X tons) were the main suppliers of frozen fish imports to the United Arab Emirates, with a combined X% share of total imports. Thailand, India, Chile, Taiwan (Chinese), China, Pakistan, Oman, the United States, Egypt and Norway lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Chile ($X) and Myanmar ($X) were the largest frozen fish suppliers to the United Arab Emirates, with a combined X% share of total imports. Ghana, Norway, the United States, Thailand, Taiwan (Chinese), India, China, Egypt, Pakistan and Oman lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Egypt, with a CAGR of X%, 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

The average frozen fish import price stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price showed a perceptible descent. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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