Saudi Arabia - Frozen Whole Fish - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Whole Fish Price in Saudi Arabia - 2021
Contents:
- Frozen Whole Fish Price in Saudi Arabia (CIF) - 2022
- Frozen Whole Fish Price in Saudi Arabia (FOB) - 2022
- Frozen Whole Fish Imports in Saudi Arabia
- Frozen Whole Fish Exports in Saudi Arabia
Frozen Whole Fish Price in Saudi Arabia (CIF) - 2022
In 2021, the average frozen whole fish import price amounted to $1,363 per ton, with a decrease of -7.2% against the previous year. Over the period under review, the import price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2013 an increase of 7.9% against the previous year. Over the period under review, average import prices hit record highs at $1,926 per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Bangladesh ($3,180 per ton), while the price for Egypt ($304 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Whole Fish Price in Saudi Arabia (FOB) - 2022
In 2022, the average frozen whole fish export price amounted to $1,635 per ton, dropping by -24.2% against the previous year. Over the period under review, the export price showed a pronounced setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 54%. Over the period under review, the average export prices hit record highs at $2,260 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($4,639 per ton), while the average price for exports to Ireland ($1,077 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Whole Fish Imports in Saudi Arabia
In 2022, overseas purchases of frozen whole fish decreased by -9.1% to 44K 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 +5.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. As a result, imports attained the peak of 49K tons, and then dropped in the following year.
In value terms, frozen whole fish imports reduced to $63M in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 13%. As a result, imports reached the peak of $66M, and then shrank in the following year.
| Import of Frozen Whole Fish in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Myanmar | 31.6 | 35.8 | 36.6 | 7.6% | |
| Thailand | 6.5 | 3.3 | 8.1 | 11.6% | |
| Vietnam | N/A | N/A | 5.2 | 0% | |
| Bangladesh | 5.5 | 6.4 | 3.5 | -20.2% | |
| Egypt | N/A | 1.7 | 3.1 | 82.4% | |
| Taiwan (Chinese) | 10.1 | 4.7 | 2.7 | -48.3% | |
| Pakistan | N/A | N/A | 2.4 | 0% | |
| Others | 7.2 | 6.7 | 4.9 | -17.5% | |
| Total | 60.9 | 58.6 | 66.5 | 4.5% | |
Top Suppliers of Frozen Whole Fish to Saudi Arabia in 2022:
- Myanmar (24.6K tons)
- Egypt (10.1K tons)
- Thailand (5.5K tons)
- Vietnam (2.9K tons)
- Pakistan (1.4K tons)
- Taiwan (Chinese) (1.2K tons)
- Bangladesh (1.1K tons)
Frozen Whole Fish Exports in Saudi Arabia
In 2022, after two years of decline, there was significant growth in overseas shipments of frozen whole fish, when their volume increased by 63% to 347 tons. Overall, exports, however, faced a sharp reduction.
In value terms, frozen whole fish exports skyrocketed to $568K in 2022. In general, exports, however, recorded a abrupt slump.
| Export of Frozen Whole Fish in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | N/A | N/A | 219 | 513 | 134.2% |
| Jordan | N/A | N/A | N/A | 32.2 | 0% |
| Singapore | N/A | N/A | N/A | 9.5 | 0% |
| Ireland | N/A | N/A | N/A | 5.2 | 0% |
| Malaysia | 230 | 195 | N/A | N/A | -15.2% |
| Costa Rica | 61.0 | N/A | N/A | N/A | 0% |
| India | N/A | 76.0 | N/A | N/A | 0% |
| Indonesia | 320 | 90.5 | N/A | N/A | -71.7% |
| Kuwait | 324 | 22.1 | N/A | N/A | -93.2% |
| Egypt | 4.7 | 35.6 | 109 | N/A | 381.6% |
| Bahrain | N/A | 98.5 | N/A | N/A | 0% |
| Others | 26.2 | 157 | 132 | 8.2 | -32.1% |
| Total | 966 | 675 | 460 | 568 | -16.2% |
Top Export Markets for Frozen Whole Fish from Saudi Arabia in 2022:
- South Africa (110.5 tons)
- Jordan (21.9 tons)
- Singapore (6.2 tons)
- Ireland (4.9 tons)
This report provides an in-depth analysis of the frozen whole fish 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 10201330 - Frozen whole salt water fish
- Prodcom 10201360 - Frozen whole fresh water fish
- Prodcom 10201600 - Frozen fish livers and roes
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
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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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