Middle East: Market for Dried Cod, Whether Or Not Salted 2021

Market Size for Dried Cod, Whether Or Not Salted in the Middle East

In 2019, the Middle Eastern market for dried cod, whether or not salted decreased by -X% to $X, falling for the fifth consecutive year after three years of growth. In general, consumption continues to indicate a mild setback. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. The level of consumption peaked at $X in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.

Production of Dried Cod, Whether Or Not Salted in the Middle East

In value terms, production of dried cod, whether or not salted declined notably to $X in 2019 estimated in export prices. Over the period under review, production saw a perceptible downturn. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% y-o-y. The level of production peaked at $X in 2014; however, from 2015 to 2019, production failed to regain the momentum.

Production By Country in the Middle East

The country with the largest volume of production of dried cod, whether or not salted was Iran (X tons), accounting for X% of total volume. Moreover, production of dried cod, whether or not salted in Iran exceeded the figures recorded by the second-largest producer, Iraq (X tons), twofold. The third position in this ranking was occupied by Syrian Arab Republic (X tons), with a X% share.

In Iran, production of dried cod, whether or not salted plunged by an average annual rate of -X% over the period from 2007-2019. The remaining producing countries recorded the following average annual rates of production growth: Iraq (+X% per year) and Syrian Arab Republic (-X% per year).

Exports of Dried Cod, Whether Or Not Salted

Exports in the Middle East

In 2019, the amount of dried cod, whether or not salted exported in the Middle East declined slightly to X tons, shrinking by -X% compared with 2018 figures. Overall, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at X tons in 2009; however, from 2010 to 2019, exports remained at a lower figure.

In value terms, exports of dried cod, whether or not salted declined remarkably to $X in 2019. In general, exports faced a significant decline. The pace of growth was the most pronounced in 2013 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2008; however, from 2009 to 2019, exports remained at a lower figure.

Exports by Country

In 2019, Yemen (X tons) represented the main exporter of dried cod, whether or not salted, comprising X% of total exports. It was distantly followed by the United Arab Emirates (X tons), committing a X% share of total exports.

Yemen was also the fastest-growing in terms of the dried cod, whether or not salted exports, with a CAGR of +X% from 2007 to 2019. the United Arab Emirates (-X%) illustrated a downward trend over the same period. Yemen (+X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -X% from 2007 to 2019, respectively.

In value terms, Yemen ($X) remains the largest dried cod, whether or not salted supplier in the Middle East, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value in Yemen amounted to +X%.

Export Prices by Country

The export price for dried cod, whether or not salted in the Middle East stood at $X per ton in 2019, falling by -X% against the previous year. Overall, the export price continues to indicate a deep slump. The pace of growth was the most pronounced in 2014 when the export price increased by X% year-to-year. Over the period under review, export prices hit record highs at $X per ton in 2008; however, from 2009 to 2019, export prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the United Arab Emirates.

Imports of Dried Cod, Whether Or Not Salted

Imports in the Middle East

In 2019, the amount of dried cod, whether or not salted imported in the Middle East skyrocketed to X tons, rising by X% compared with the previous year. In general, imports, however, saw a deep reduction. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, imports of dried cod, whether or not salted expanded modestly to $X in 2019. Overall, imports, however, saw a deep downturn. The pace of growth was the most pronounced in 2011 when imports increased by X% y-o-y. The level of import peaked at $X in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tons) and Qatar (X tons) represented roughly X% of total imports of dried cod, whether or not salted in 2019. It was distantly followed by Israel (X tons), generating a X% share of total imports. Kuwait (X kg), Lebanon (X kg) and Oman (X kg) occupied a relatively small share of total imports.

From 2007 to 2019, the biggest increases were in Kuwait, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Qatar ($X) and Israel ($X) appeared to be the countries with the highest levels of imports in 2019, with a combined X% share of total imports. These countries were followed by Kuwait, Lebanon and Oman, which together accounted for a further X the main importing countries, Kuwait saw the highest growth rate of 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

The import price for dried cod, whether or not salted in the Middle East stood at $X per ton in 2019, waning by -X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by X% year-to-year. The level of import peaked at $X per ton in 2009; however, from 2010 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Israel ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Lebanon, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :