MENA: Market for Herring, Salted Or In Brine 2024

Market Size for Herring, Salted Or In Brine in MENA

The MENA's market for herring, salted or in brine reduced slightly to $X in 2022, falling by -2.1% against the previous year. The total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +2.0% against 2020 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Herring, Salted Or In Brine in MENA

In value terms, herring, salted or in brine production fell slightly to $X in 2022 estimated in export price. The total production indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +1.0% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of 37% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Herring, Salted Or In Brine

Exports in MENA

In 2022, herring, salted or in brine exports in MENA declined notably to X tons, with a decrease of -32.9% compared with the previous year's figure. Overall, exports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 518% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, herring, salted or in brine exports declined rapidly to $X in 2022. Over the period under review, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2019 when exports increased by 537%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Egypt (X tons) was the main exporter of herring, salted or in brine in MENA, making up 100% of total export.

Egypt was also the fastest-growing in terms of the herring, salted or in brine exports, with a CAGR of -9.8% from 2012 to 2022. Egypt (+6.7 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) also remains the largest herring, salted or in brine supplier in MENA.

In Egypt, herring, salted or in brine exports plunged by an average annual rate of -10.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, falling by -12.1% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 174% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Egypt amounted to -0.6% per year.

Imports of Herring, Salted Or In Brine

Imports in MENA

In 2022, overseas purchases of herring, salted or in brine decreased by -9% to X tons, falling for the second year in a row after three years of growth. Total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.6% against 2020 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 35%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, herring, salted or in brine imports contracted to $X in 2022. Over the period under review, imports continue to indicate a slight slump. The most prominent rate of growth was recorded in 2018 when imports increased by 11% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Israel was the largest importing country with an import of about X tons, which amounted to 80% of total imports. Palestine (X tons) took the second position in the ranking, followed by Jordan (X tons). All these countries together held approx. 19% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to herring, salted or in brine imports into Israel stood at +2.0%. At the same time, Palestine (+10.7%) and Jordan (+4.5%) displayed positive paces of growth. Moreover, Palestine emerged as the fastest-growing importer imported in MENA, with a CAGR of +10.7% from 2012-2022. While the share of Palestine (+5.6 p.p.) and Jordan (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Israel (-3.2 p.p.) displayed negative dynamics.

In value terms, Israel ($X) constitutes the largest market for imported herring, salted or in brine in MENA, comprising 83% of total imports. The second position in the ranking was held by Jordan ($X), with an 8.2% share of total imports.

In Israel, herring, salted or in brine imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Jordan (+3.4% per year) and Palestine (+4.0% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, declining by -6.1% against the previous year. Overall, the import price continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2017 when the import price increased by 17%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while Palestine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (-1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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