United Arab Emirates: Preserved Tuna Market 2024

Preserved Tuna Market Size in the United Arab Emirates

The preserved tuna market in the United Arab Emirates fell sharply to $X in 2021, declining by -44.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a pronounced shrinkage. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Preserved Tuna Exports

Exports from the United Arab Emirates

In 2021, overseas shipments of tuna (prepared or preserved) decreased by -8% to X tons, falling for the third consecutive year after three years of growth. In general, exports, however, enjoyed a temperate increase. The most prominent rate of growth was recorded in 2016 with an increase of 293%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, preserved tuna exports contracted dramatically to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 811% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Yemen (X tons), Somalia (X tons) and Kenya (X tons) were the main destinations of preserved tuna exports from the United Arab Emirates.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kenya (with a CAGR of +141.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved tuna exported from the United Arab Emirates were Yemen ($X), Somalia ($X) and Djibouti ($X).

Yemen, with a CAGR of +137.7%, saw the highest growth rate of the value of exports, among 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

In 2021, the average preserved tuna export price amounted to $X per ton, which is down by -16.4% against the previous year. Over the period under review, the export price showed a noticeable decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 132%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, 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 Djibouti ($X per ton), while the average price for exports to Kenya ($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 Yemen (+10.9%), while the prices for the other major destinations experienced a decline.

Preserved Tuna Imports

Imports into the United Arab Emirates

In 2021, approx. X tons of tuna (prepared or preserved) were imported into the United Arab Emirates; with a decrease of -45.1% compared with the previous year. Over the period under review, imports recorded a noticeable setback. The growth pace was the most rapid in 2015 with an increase of 25% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, preserved tuna imports dropped sharply to $X in 2021. Overall, imports showed a pronounced reduction. The growth pace was the most rapid in 2017 when imports increased by 34%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Thailand (X tons) was the main supplier of preserved tuna to the United Arab Emirates, with a 253% share of total imports. It was followed by the Philippines (X tons), with a 7.3% share of total imports. The third position in this ranking was taken by Indonesia (X tons), with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand totaled +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+2.2% per year) and Indonesia (+6.1% per year).

In value terms, Thailand ($X) constituted the largest supplier of tuna (prepared or preserved) to the United Arab Emirates, comprising 196% of total imports. The second position in the ranking was held by Italy ($X), with a 7.4% share of total imports. It was followed by Indonesia, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value from Thailand amounted to +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.4% per year) and Indonesia (+3.6% per year).

Import Prices by Country

The average preserved tuna import price stood at $X per ton in 2021, surging by 4.2% against the previous year. Overall, the import price, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 14% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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