Middle East: Frozen Norway Lobster Market 2024

Frozen Norway Lobster Market Size in the Middle East

In 2022, the Middle Eastern frozen norway lobster market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption saw a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Frozen Norway Lobster Production in the Middle East

In value terms, frozen norway lobster production rose notably to $X in 2022 estimated in export price. In general, production, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Frozen Norway Lobster Exports

Exports in the Middle East

In 2022, overseas shipments of frozen norway lobsters decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then fell dramatically in the following year.

In value terms, frozen norway lobster exports fell notably to $X in 2022. Overall, exports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Iran (X tons) represented the main exporter of frozen norway lobsters, committing X% of total exports. It was distantly followed by the United Arab Emirates (X tons), generating a X% share of total exports.

Iran was also the fastest-growing in terms of the frozen norway lobsters exports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. From 2012 to 2022, the share of Iran increased by X percentage points.

In value terms, the United Arab Emirates ($X) remains the largest frozen norway lobster supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Iran ($X), with an X% share of total exports.

In the United Arab Emirates, frozen norway lobster exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Iran stood at $X per ton.

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

Frozen Norway Lobster Imports

Imports in the Middle East

In 2022, supplies from abroad of frozen norway lobsters increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports saw a significant increase. The pace of growth appeared the most rapid in 2014 when imports increased by X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen norway lobster imports surged to $X in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates represented the largest importing country with an import of about X tons, which amounted to X% of total imports. Turkey (X tons) ranks second in terms of the total imports with a X% share, followed by Israel (X%).

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Turkey (X%) and Israel (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of the United Arab Emirates and Turkey increased by X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported frozen norway lobsters in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Israel (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, standing approx. at the previous year. Over the period under review, the import price, however, enjoyed a moderate expansion. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Israel ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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