United Arab Emirates: Preserved Herring Market 2024

Preserved Herring Market Size in the United Arab Emirates

The preserved herring market in the United Arab Emirates rose markedly to $X in 2021, with an increase of 11% against the previous year. The market value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Preserved Herring Production in the United Arab Emirates

In value terms, preserved herring production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the production volume increased by 28% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Preserved Herring Exports

Exports from the United Arab Emirates

In 2021, shipments abroad of herrings (prepared or preserved) decreased by -0.9% to X tons, falling for the second consecutive year after three years of growth. In general, exports saw a deep downturn. The growth pace was the most rapid in 2019 with an increase of 81%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, preserved herring exports declined rapidly to $X in 2021. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2019 when exports increased by 181% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Ethiopia (X kg) was the main destination for preserved herring exports from the United Arab Emirates, accounting for a 21% share of total exports. Moreover, preserved herring exports to Ethiopia exceeded the volume sent to the second major destination, Oman (X kg), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ethiopia totaled -47.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+2.7% per year) and Bahrain (+5.5% per year).

In value terms, Ethiopia ($X) emerged as the key foreign market for herrings (prepared or preserved) exports from the United Arab Emirates, comprising 50% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Ethiopia totaled -45.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+14.6% per year) and Oman (-15.3% per year).

Export Prices by Country

The average preserved herring export price stood at $X per ton in 2021, shrinking by -56% against the previous year. In general, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2019 when the average export price increased by 55%. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Oman ($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 Tunisia (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Herring Imports

Imports into the United Arab Emirates

In 2021, purchases abroad of herrings (prepared or preserved) increased by 21% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, showed a perceptible shrinkage. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, preserved herring imports shrank to $X in 2021. In general, imports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 49%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Egypt (X tons) constituted the largest supplier of preserved herring to the United Arab Emirates, with a 39% share of total imports. Moreover, preserved herring imports from Egypt exceeded the figures recorded by the second-largest supplier, Sweden (X tons), threefold. The third position in this ranking was taken by Ukraine (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Egypt amounted to +20.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+10.9% per year) and Ukraine (+17.3% per year).

In value terms, Egypt ($X) constituted the largest supplier of herrings (prepared or preserved) to the United Arab Emirates, comprising 37% of total imports. The second position in the ranking was taken by Ukraine ($X), with a 9.7% share of total imports. It was followed by Sweden, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value from Egypt totaled +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+10.8% per year) and Sweden (+5.1% per year).

Import Prices by Country

The average preserved herring import price stood at $X per ton in 2021, dropping by -25% against the previous year. Over the period under review, the import price saw a perceptible slump. The pace of growth was the most pronounced in 2020 when the average import price increased by 30% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell rapidly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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