GCC: Market for Caviar (Salmon) And Caviar Substitutes 2024

Market Size for Caviar (Salmon) And Caviar Substitutes in GCC

The GCC market for caviar (salmon) and caviar substitutes dropped slightly to $X in 2022, standing approx. at the previous year. In general, consumption, however, continues to indicate prominent growth. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Caviar (Salmon) And Caviar Substitutes in GCC

In value terms, caviar (salmon) and caviar substitutes production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed strong growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports in GCC

In 2022, shipments abroad of caviar (salmon) and caviar substitutes increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, recorded a slight descent. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, caviar (salmon) and caviar substitutes exports skyrocketed to $X in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The biggest shipments were from the United Arab Emirates (X tons), together resulting at X% of total export.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of caviar (salmon) and caviar substitutes. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest caviar (salmon) and caviar substitutes supplier in GCC.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to X%.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price, however, saw a temperate expansion. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2021, and then contracted remarkably in the following year.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Imports of Caviar (Salmon) And Caviar Substitutes

Imports in GCC

In 2022, caviar (salmon) and caviar substitutes imports in GCC fell modestly to X tons, shrinking by X% on the year before. Overall, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then fell slightly in the following year.

In value terms, caviar (salmon) and caviar substitutes imports contracted notably to $X in 2022. In general, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then fell sharply in the following year.

Imports by Country

The United Arab Emirates represented the main importing country with an import of about X tons, which finished at X% of total imports. It was distantly followed by Qatar (X tons) and Kuwait (X tons), together constituting a X% share of total imports. Bahrain (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to caviar (salmon) and caviar substitutes imports into the United Arab Emirates stood at X%. At the same time, Qatar (X%), Kuwait (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Qatar, Kuwait and Bahrain increased by X, X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported caviar (salmon) and caviar substitutes in GCC, comprising X% of total imports. The second position in the ranking was held by Qatar ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

In the United Arab Emirates, caviar (salmon) and caviar substitutes imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Qatar (X% per year) and Kuwait (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, waning by X% against the previous year. In general, the import price recorded a noticeable descent. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Qatar ($X per ton) and Bahrain ($X per ton), while the United Arab Emirates ($X per ton) and Kuwait ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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