Middle East: Bigeye Tuna Market 2022

Bigeye Tuna Market Size in the Middle East

In 2020, the Middle Eastern bigeye tuna market decreased by -X% to $X, falling for the second consecutive year after five years of growth. Over the period under review, consumption enjoyed a significant increase. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. The level of consumption peaked at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Bigeye Tuna Production in the Middle East

In value terms, bigeye tuna production fell rapidly to $X in 2020 estimated in export prices. The total production indicated a resilient expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019, and then declined rapidly in the following year.

Production By Country in the Middle East

The country with the largest volume of bigeye tuna production was Oman (X tons), comprising approx. X% of total volume. Moreover, bigeye tuna production in Oman exceeded the figures recorded by the second-largest producer, Yemen (X tons), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume in Oman totaled +X%. In the other countries, the average annual rates were as follows: Yemen (+X% per year) and the United Arab Emirates (+X% per year).

Bigeye Tuna Exports

Exports in the Middle East

In 2020, the amount of bigeye tuna exported in the Middle East skyrocketed to X tons, jumping by X% on 2019. In general, exports, however, showed a drastic downturn. The volume of export peaked at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, bigeye tuna exports surged to $X in 2020. Overall, exports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at $X in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Oman dominates bigeye tuna exports structure, accounting for X tons, which was near X% of total exports in 2020. Yemen (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

Oman was also the fastest-growing in terms of the bigeye tuna exports, with a CAGR of -X% from 2007 to 2020. Yemen (-X%) and the United Arab Emirates (-X%) illustrated a downward trend over the same period. Oman (+X 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, Oman ($X) remains the largest bigeye tuna supplier in the Middle East, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports.

In Oman, bigeye tuna exports contracted by an average annual rate of -X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: the United Arab Emirates (+X% per year) and Yemen (-X% per year).

Export Prices by Country

In 2020, the bigeye tuna export price in the Middle East amounted to $X per ton, which is down by -X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the export price increased by X% against the previous year. Over the period under review, export prices attained the maximum at $X per ton in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the United Arab Emirates ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the other leaders experienced a decline in the export price figures.

Bigeye Tuna Imports

Imports in the Middle East

In 2020, the amount of bigeye tuna imported in the Middle East surged to X tons, rising by X% compared with 2019 figures. In general, imports enjoyed strong growth. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. As a result, imports reached the peak of X tons. from 2011 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, bigeye tuna imports amounted to $X in 2020. Overall, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. The level of import peaked at $X in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Turkey (X tons) represented the key importer of bigeye tuna in the Middle East, generating X% of total import.

Turkey was also the fastest-growing in terms of the bigeye tuna imports, with a CAGR of +X% from 2007 to 2020. From 2007 to 2020, the share of Turkey increased by +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported bigeye tuna in the Middle East.

In Turkey, bigeye tuna imports increased at an average annual rate of +X% over the period from 2007-2020.

Import Prices by Country

The bigeye tuna import price in the Middle East stood at $X per ton in 2020, waning by -X% against the previous year. Overall, the import price saw a mild descent. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From 2007 to 2020, the rate of growth in terms of prices for Turkey amounted to +X% per year.

Source: IndexBox Platform

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