MENA: 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 MENA

The MENA's meat and fish extracts market stood at $X in 2022, approximately equating the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

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

In value terms, meat and fish extracts production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

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

Exports in MENA

In 2022, overseas shipments of extracts and juices of meat, fish, crustaceans and molluscs were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, meat and fish extracts exports rose markedly to $X in 2022. In general, exports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Turkey prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2022. Tunisia (X tons), Saudi Arabia (X tons), the United Arab Emirates (X tons) and Iran (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to meat and fish extracts exports from Turkey stood at X%. At the same time, Iran (X%), the United Arab Emirates (X%), Saudi Arabia (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Turkey and Saudi Arabia increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Turkey, meat and fish extracts exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price faced a abrupt curtailment. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (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 MENA

In 2022, overseas purchases of extracts and juices of meat, fish, crustaceans and molluscs increased by X% to X tons, rising for the fifth year in a row after two years of decline. In general, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, meat and fish extracts imports totaled $X in 2022. Overall, imports showed a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The United Arab Emirates (X tons) and Kuwait (X tons) dominates imports structure, together committing X% of total imports. It was distantly followed by Egypt (X tons) and Qatar (X tons), together making up a X% share of total imports. The following importers - Bahrain (X tons) and Oman (X tons) - each recorded a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Oman (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest meat and fish extracts importing markets in MENA were the United Arab Emirates ($X), Egypt ($X) and Kuwait ($X), together accounting for X% of total imports. Qatar, Oman and Bahrain lagged somewhat behind, together accounting for a further X%.

Oman, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, declining by X% against the previous year. Import price indicated a notable expansion from 2012 to 2022: its price 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, meat and fish extracts import price decreased by X% against 2019 indices. The growth pace was the most rapid in 2019 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the import prices remained at a somewhat lower figure.

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 Egypt ($X per ton), while Kuwait ($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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