Saudi Arabia - Frozen Fish Fillet - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Fillet Price in Saudi Arabia - 2021
Contents:
- Frozen Fish Fillet Price in Saudi Arabia (CIF) - 2022
- Frozen Fish Fillet Price in Saudi Arabia (FOB) - 2022
- Frozen Fish Fillet Imports in Saudi Arabia
- Frozen Fish Fillet Exports in Saudi Arabia
Frozen Fish Fillet Price in Saudi Arabia (CIF) - 2022
In 2022, the average frozen fish fillet import price amounted to $3,016 per ton, surging by 2.5% against the previous year. Over the period under review, the import price showed a strong expansion. The growth pace was the most rapid in 2018 an increase of 68%. The import price peaked at $3,099 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($9,102 per ton), while the price for Thailand ($1,185 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Fillet Price in Saudi Arabia (FOB) - 2022
In 2022, the average frozen fish fillet export price amounted to $3,109 per ton, rising by 18% against the previous year. Over the period under review, the export price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2017 an increase of 44%. Over the period under review, the average export prices reached the peak figure at $6,322 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($3,296 per ton), while the average price for exports to Singapore amounted to $2,524 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+68.8%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Fish Fillet Imports in Saudi Arabia
In 2022, purchases abroad of frozen fish fillet decreased by -5.8% to 11K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by 13% against the previous year. As a result, imports attained the peak of 12K tons, and then fell in the following year.
In value terms, frozen fish fillet imports contracted to $34M in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 7.4%. As a result, imports reached the peak of $35M, and then declined slightly in the following year.
| Import of Frozen Fish Fillet in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 5.9 | 9.6 | 12.0 | 11.7 | 25.6% |
| United Arab Emirates | 9.9 | 6.9 | 2.6 | 6.2 | -14.4% |
| Malaysia | 6.0 | 5.8 | 1.6 | 4.3 | -10.5% |
| Pakistan | 0.3 | 1.4 | 3.9 | 3.8 | 133.1% |
| Taiwan (Chinese) | 1.5 | 2.7 | 1.4 | 1.8 | 6.3% |
| China | 1.0 | 1.8 | N/A | 1.8 | 21.6% |
| Myanmar | 0.8 | 0.7 | 1.7 | 1.7 | 28.6% |
| Thailand | 2.0 | 0.3 | 1.2 | 1.2 | -15.7% |
| Vietnam | N/A | N/A | 8.2 | N/A | 0% |
| Others | 3.4 | 3.5 | 2.5 | 1.6 | -22.2% |
| Total | 30.8 | 32.7 | 35.1 | 33.9 | 3.2% |
Top Suppliers of Frozen Fish Fillet to Saudi Arabia in 2022:
- United Arab Emirates (2.2K tons)
- Malaysia (2.2K tons)
- Pakistan (1.4K tons)
- Norway (1.3K tons)
- Taiwan (Chinese) (1.2K tons)
- Thailand (1.0K tons)
- Myanmar (0.9K tons)
- China (0.7K tons)
Frozen Fish Fillet Exports in Saudi Arabia
In 2022, approx. 263 tons of frozen fish fillet were exported from Saudi Arabia; waning by -24% compared with the previous year. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 43%. As a result, the exports reached the peak of 346 tons, and then contracted remarkably in the following year.
In value terms, frozen fish fillet exports contracted to $818K in 2022. Overall, exports recorded a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 27%.
| Export of Frozen Fish Fillet in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 26.7 | N/A | N/A | 696 | 196.5% |
| Singapore | N/A | N/A | N/A | 44.5 | 0% |
| Bahrain | 35.6 | 130 | 35.8 | 1.7 | -63.7% |
| Thailand | N/A | 36.3 | N/A | N/A | 0% |
| United States | 183 | N/A | N/A | N/A | 0% |
| Japan | N/A | N/A | 155 | N/A | 0% |
| South Africa | 350 | N/A | N/A | N/A | 0% |
| United Arab Emirates | N/A | 88.7 | 402 | N/A | 353.2% |
| Others | 675 | 465 | 323 | 75.5 | -51.8% |
| Total | 1,270 | 720 | 916 | 818 | -13.6% |
Top Export Markets for Frozen Fish Fillet from Saudi Arabia in 2022:
- Australia (211.2 tons)
- Singapore (17.6 tons)
- Bahrain (2.3 tons)
This report provides an in-depth analysis of the frozen fish fillet market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10201400 - Frozen fish fillets
Country coverage:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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