Middle East: Market for Cod, Salted or in Brine 2024

Market Size for Cod, Salted or in Brine in the Middle East

The Middle Eastern market for cod, salted or in brine shrank to $X in 2022, declining by X% against the previous year. The total consumption indicated a temperate expansion from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Cod, Salted or in Brine in the Middle East

In value terms, cod, salted or in brine production dropped to $X in 2022 estimated in export price. The total production indicated a tangible increase from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Exports of Cod, Salted or in Brine

Exports in the Middle East

In 2022, overseas shipments of cod, salted or in brine decreased by X% to X kg for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then contracted sharply in the following year.

In value terms, cod, salted or in brine exports contracted sharply to $X in 2022. In general, exports showed a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then fell rapidly in the following year.

Exports by Country

The biggest shipments were from the United Arab Emirates (X kg), together accounting for X% of total export.

The United Arab Emirates was also the fastest-growing in terms of the cod, salted or in brine exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest cod, salted or in brine supplier in the Middle East.

In the United Arab Emirates, cod, salted or in brine exports plunged by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price showed a deep slump. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined markedly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Imports of Cod, Salted or in Brine

Imports in the Middle East

After three years of decline, purchases abroad of cod, salted or in brine increased by X% to X tons in 2022. Overall, imports recorded a significant expansion. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, cod, salted or in brine imports skyrocketed to $X in 2022. Over the period under review, imports recorded buoyant growth. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Qatar was the main importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by Kuwait (X tons), constituting a X% share of total imports. The United Arab Emirates (X kg) held a relatively small share of total imports.

Qatar experienced a relatively flat trend pattern with regard to volume of imports of cod, salted or in brine. At the same time, Kuwait (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Qatar (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, the largest cod, salted or in brine importing markets in the Middle East were Qatar ($X), Kuwait ($X) and the United Arab Emirates ($X), together comprising X% of total imports.

In terms of the main importing countries, Kuwait, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price showed a perceptible descent. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Qatar ($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%).

Source: IndexBox Platform

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