Middle East: Inedible Fish Products Market 2024

Inedible Fish Products Market Size in the Middle East

In 2022, the Middle Eastern inedible fish products market increased by X% to $X, rising for the third year in a row after two years of decline. The total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Inedible Fish Products Production in the Middle East

In value terms, inedible fish products production totaled $X in 2022 estimated in export price. The total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2019 indices. The growth pace was the most rapid in 2015 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Inedible Fish Products Exports

Exports in the Middle East

In 2022, after two years of growth, there was significant decline in shipments abroad of inedible fish products, when their volume decreased by X% to X tons. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then reduced sharply in the following year.

In value terms, inedible fish products exports shrank remarkably to $X in 2022. Overall, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank remarkably in the following year.

Exports by Country

In 2022, Yemen (X tons) was the key exporter of inedible fish products, making up X% of total exports. It was distantly followed by the United Arab Emirates (X tons), generating an X% share of total exports. Oman (X tons) followed a long way behind the leaders.

Exports from Yemen increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) and Oman (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. While the share of the United Arab Emirates (X p.p.) and Oman (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Yemen (X p.p.) displayed negative dynamics.

In value terms, Yemen ($X) emerged as the largest inedible fish products supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Yemen stood at X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price recorded a abrupt decline. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per ton), while Yemen ($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 (X%), while the other leaders experienced mixed trends in the export price figures.

Inedible Fish Products Imports

Imports in the Middle East

In 2022, overseas purchases of inedible fish products increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, inedible fish products imports surged to $X in 2022. Overall, imports recorded a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Oman prevails in imports structure, recording X tons, which was near X% of total imports in 2022. Turkey (X tons) took a minor share of total imports.

Oman was also the fastest-growing in terms of the inedible fish products imports, with a CAGR of X% from 2012 to 2022. At the same time, Turkey (X%) displayed positive paces of growth. From 2012 to 2022, the share of Oman increased by X percentage points.

In value terms, Turkey ($X) constitutes the largest market for imported inedible fish products in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Oman ($X), with a X% share of total imports.

In Turkey, inedible fish products imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price faced a sharp decline. The pace of growth was the most pronounced in 2014 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while Oman totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Source: IndexBox Platform

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