MENA: Preserved Herring Market 2024

Preserved Herring Market Size in MENA

The MENA's preserved herring market fell modestly to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Preserved Herring Production in MENA

In value terms, preserved herring production reduced to $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 indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Preserved Herring Exports

Exports in MENA

In 2022, the amount of herrings (prepared or preserved) exported in MENA dropped significantly to X tons, reducing by X% against the previous year. Overall, exports recorded a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of X%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, preserved herring exports fell to $X in 2022. Over the period under review, exports, however, enjoyed temperate growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. Israel (X tons) took the second position in the ranking, followed by Iran (X tons). All these countries together took near X% share of total exports. The following exporters - Morocco (X kg) and the United Arab Emirates (X kg) - each reached a X% share of total exports.

Turkey was also the fastest-growing in terms of the herrings (prepared or preserved) exports, with a CAGR of X% from 2012 to 2022. At the same time, Iran (X%), Israel (X%) and Morocco (X%) displayed positive paces of growth. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, Israel, Iran and Morocco increased by X, X, X and X percentage points, respectively.

In value terms, Turkey ($X) remains the largest preserved herring supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with a X% share of total exports. It was followed by Iran, with a X% share.

In Turkey, preserved herring exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (X% per year) and Iran (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, growing by X% against the previous year. In general, the export price continues to indicate a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Morocco ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced mixed trends in the export price figures.

Preserved Herring Imports

Imports in MENA

In 2022, overseas purchases of herrings (prepared or preserved) increased by X% to X tons, rising for the third consecutive year after three years of decline. Overall, imports posted resilient growth. The pace of growth was the most pronounced in 2016 with an increase of X%. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, preserved herring imports soared to $X in 2022. Over the period under review, imports continue to indicate buoyant growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Israel represented the major importer of herrings (prepared or preserved) in MENA, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. It was distantly followed by the United Arab Emirates (X tons) and Libya (X tons), together mixing up a X% share of total imports. The following importers - Egypt (X tons) and Yemen (X tons) - together made up X% of total imports.

Israel was also the fastest-growing in terms of the herrings (prepared or preserved) imports, with a CAGR of X% from 2012 to 2022. At the same time, Egypt (X%), the United Arab Emirates (X%) and Yemen (X%) displayed positive paces of growth. By contrast, Libya (X%) illustrated a downward trend over the same period. While the share of Israel (X p.p.) and Egypt (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (X p.p.) and Libya (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) constitutes the largest market for imported herrings (prepared or preserved) in MENA, comprising X% of total imports. The second position in the ranking was held by Libya ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

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

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, falling by X% against the previous year. Import price indicated moderate growth 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, preserved herring import price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a 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 Libya ($X per ton), while Yemen ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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