United Arab Emirates: Inedible Fish Products Market 2024

Inedible Fish Products Market Size in the United Arab Emirates

The inedible fish products market in the United Arab Emirates reduced to $X in 2022, waning by -7.8% against the previous year. In general, consumption, however, enjoyed noticeable growth. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Inedible Fish Products Production in the United Arab Emirates

In value terms, inedible fish products production shrank to $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 184%. Inedible fish products production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Inedible Fish Products Exports

Exports from the United Arab Emirates

Inedible fish products exports from the United Arab Emirates fell remarkably to X tons in 2022, reducing by -47.8% compared with the previous year's figure. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 473% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, inedible fish products exports dropped markedly to $X in 2022. Over the period under review, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2017 when exports increased by 445% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Oman (X tons) was the main destination for inedible fish products exports from the United Arab Emirates, with a 59% share of total exports. Moreover, inedible fish products exports to Oman exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), twofold. The third position in this ranking was taken by Thailand (X kg), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Oman amounted to +20.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-16.5% per year) and Thailand (+7.7% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for inedible fish products exports from the United Arab Emirates, comprising 81% of total exports. The second position in the ranking was held by Thailand ($X), with an 11% share of total exports. It was followed by Oman, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR stood at -12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+13.8% per year) and Oman (+8.8% per year).

Export Prices by Country

The average inedible fish products export price stood at $X per ton in 2022, picking up by 53% against the previous year. Over the period under review, the export price, however, saw a deep setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 70% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Oman ($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 Iraq (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Inedible Fish Products Imports

Imports into the United Arab Emirates

In 2022, supplies from abroad of inedible fish products was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports showed a resilient increase. The pace of growth appeared the most rapid in 2016 when imports increased by 307% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, inedible fish products imports surged to $X in 2022. In general, imports showed a resilient expansion. The growth pace was the most rapid in 2016 with an increase of 193% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Egypt (X tons) constituted the largest supplier of inedible fish products to the United Arab Emirates, with a 35% share of total imports. Moreover, inedible fish products imports from Egypt exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. The third position in this ranking was taken by Indonesia (X tons), with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Egypt totaled +84.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+20.5% per year) and Indonesia (+41.7% per year).

In value terms, Egypt ($X) constituted the largest supplier of inedible fish products to the United Arab Emirates, comprising 16% of total imports. The second position in the ranking was held by the UK ($X), with a 4% share of total imports. It was followed by the Philippines, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Egypt amounted to +71.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+12.9% per year) and the Philippines (+64.4% per year).

Import Prices by Country

The average inedible fish products import price stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the import price, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2018 an increase of 20% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 the UK ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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