United Arab Emirates: Preserved Sardines Market 2024

Preserved Sardines Market Size in the United Arab Emirates

The preserved sardines market in the United Arab Emirates rose to $X in 2022, growing by 3.5% against the previous year. In general, consumption, however, saw a perceptible slump. Preserved sardines consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Preserved Sardines Production in the United Arab Emirates

In value terms, preserved sardines production shrank rapidly to $X in 2022 estimated in export price. Overall, production saw a deep setback. The growth pace was the most rapid in 2021 when the production volume increased by 481%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Preserved Sardines Exports

Exports from the United Arab Emirates

In 2022, approx. X tons of sardines (prepared or preserved) were exported from the United Arab Emirates; reducing by -39.3% on the year before. Overall, exports continue to indicate a slight curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 210%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, preserved sardines exports plummeted to $X in 2022. In general, exports showed a perceptible setback. The growth pace was the most rapid in 2021 with an increase of 156% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Mozambique (X tons) was the main destination for preserved sardines exports from the United Arab Emirates, accounting for a 93% share of total exports. Moreover, preserved sardines exports to Mozambique exceeded the volume sent to the second major destination, Rwanda (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mozambique amounted to +46.5%.

In value terms, Mozambique ($X) remains the key foreign market for sardines (prepared or preserved) exports from the United Arab Emirates, comprising 88% of total exports. The second position in the ranking was held by Rwanda ($X), with a 6.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Mozambique amounted to +75.7%.

Export Prices by Country

The average preserved sardines export price stood at $X per ton in 2022, increasing by 14% against the previous year. Over the period under review, the export price, however, saw a mild contraction. The most prominent rate of growth was recorded in 2018 an increase of 25% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Mozambique totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Sardines Imports

Imports into the United Arab Emirates

Preserved sardines imports into the United Arab Emirates rose slightly to X tons in 2022, surging by 3% compared with 2021 figures. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 90% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, preserved sardines imports shrank slightly to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 92% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The Philippines (X tons), India (X tons) and Morocco (X tons) were the main suppliers of preserved sardines imports to the United Arab Emirates, together comprising 92% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +188.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved sardines suppliers to the United Arab Emirates were Morocco ($X), the Philippines ($X) and India ($X), with a combined 85% share of total imports.

Among the main suppliers, India, with a CAGR of +164.4%, saw the highest rates of growth with regard to 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 preserved sardines import price stood at $X per ton in 2022, with a decrease of -3.7% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 39%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, 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 Morocco ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+54.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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