GCC: Caviar (Sturgeon) Market 2024

Caviar (Sturgeon) Market Size in GCC

In 2022, the GCC caviar (sturgeon) market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed resilient growth. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Caviar (Sturgeon) Production in GCC

In value terms, caviar (sturgeon) production stood at $X in 2022 estimated in export price. Overall, production saw a strong expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Caviar (Sturgeon) Exports

Exports in GCC

In 2022, approx. X tons of caviar (sturgeon) were exported in GCC; rising by X% against the year before. Overall, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, caviar (sturgeon) exports surged to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of caviar (sturgeon), namely the United Arab Emirates, represented more than two-thirds of total export.

The United Arab Emirates was also the fastest-growing in terms of the caviar (sturgeon) exports, with a CAGR of X% from 2012 to 2022. 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 (sturgeon) supplier in GCC.

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

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price saw a deep slump. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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.

Caviar (Sturgeon) Imports

Imports in GCC

In 2022, approx. X tons of caviar (sturgeon) were imported in GCC; picking up by X% on the previous year. Overall, imports showed a perceptible increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, caviar (sturgeon) imports skyrocketed to $X in 2022. Total imports indicated tangible growth 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

The United Arab Emirates prevails in imports structure, finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Qatar (X tons), achieving a X% share of total imports. The following importers - Bahrain (X tons) and Oman (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to caviar (sturgeon) imports into the United Arab Emirates stood at X%. At the same time, Qatar (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. By contrast, Bahrain (X%) and Oman (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Qatar (X p.p.) and Bahrain (X p.p.) significantly strengthened its position in terms of the total imports, while Oman saw its share reduced by X% from 2012 to 2022, respectively.

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

In the United Arab Emirates, caviar (sturgeon) imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (X% per year) and Oman (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of import peaked at $X per ton in 2021, and then declined remarkably in the following year.

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 Oman ($X per ton), while Bahrain ($X per ton) was 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 more modest paces of growth.

Source: IndexBox Platform

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