GCC: Market for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs 2024

Market Size for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in GCC

The GCC meat and fish extracts market expanded significantly to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable setback. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in GCC

In value terms, meat and fish extracts production rose to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Exports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Exports in GCC

In 2022, after two years of decline, there was significant growth in overseas shipments of extracts and juices of meat, fish, crustaceans and molluscs, when their volume increased by X% to X tons. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, meat and fish extracts exports skyrocketed to $X in 2022. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Bahrain (X tons), creating a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the largest meat and fish extracts supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Bahrain (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, showed a slight reduction. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($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 mixed trends in the export price figures.

Imports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Imports in GCC

In 2022, the amount of extracts and juices of meat, fish, crustaceans and molluscs imported in GCC surged to X tons, picking up by X% compared with the previous year's figure. In general, imports posted a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, meat and fish extracts imports surged to $X in 2022. Over the period under review, imports saw a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

The United Arab Emirates (X tons) and Kuwait (X tons) were the main importers of extracts and juices of meat, fish, crustaceans and molluscs in 2022, reaching approx. X% and X% of total imports, respectively. It was distantly followed by Qatar (X tons), mixing up an X% share of total imports. The following importers - Bahrain (X tons) and Oman (X tons) - each finished at a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

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

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, which is down by X% against the previous year. Overall, the import price continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2019 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2021, and then fell notably 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 ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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