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Middle East - Fish Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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Middle East: Overview of the Market for Fish Fats And Oils 2021

Market Size for Fish Fats And Oils in the Middle East

In 2019, after six years of growth, there was significant decline in the Middle Eastern fish fat and oil market, when its value decreased by -X% to $X. The total consumption indicated a buoyant expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2007 indices. The growth pace was the most rapid in 2018 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X, and then fell in the following year.

Production of Fish Fats And Oils in the Middle East

In value terms, fish fat and oil production declined to $X in 2019 estimated in export prices. The total production indicated a buoyant increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then declined in the following year.

Production By Country in the Middle East

The countries with the highest volumes of fish fat and oil production in 2019 were Iran (X tonnes), Saudi Arabia (X tonnes) and Iraq (X tonnes), together comprising X% of total production. These countries were followed by Syrian Arab Republic, Oman, Yemen and Israel, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of fish fat and oil production, amongst the key producing countries, was attained by Oman, while fish fat and oil production for the other leaders experienced more modest paces of growth.

Exports of Fish Fats And Oils

Exports in the Middle East

In 2019, approx. X tonnes of fish fats and oils were exported in the Middle East; surging by X% against the previous year's figure. Over the period under review, exports showed a remarkable increase. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Over the period under review, exports hit record highs in 2019 and are likely to see steady growth in the near future.

In value terms, fish fat and oil exports surged to $X in 2019. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum in 2019 and are expected to retain growth in years to come.

Exports by Country

Oman was the major exporting country with an export of around X tonnes, which accounted for X% of total exports. It was distantly followed by Turkey (X tonnes), creating a X% share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Oman.

In value terms, Oman ($X) and Turkey ($X) appeared to be the countries with the highest levels of exports in 2019, together accounting for X% of total exports.

Oman saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2019, the fish fat and oil export price in the Middle East amounted to $X per tonne, which is down by -X% against the previous year. Overall, the export price saw a mild slump. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The level of export peaked at $X per tonne in 2009; however, from 2010 to 2019, export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2019, the country with the highest price was Turkey ($X per tonne), while Oman stood at $X per tonne.

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

Imports of Fish Fats And Oils

Imports in the Middle East

In 2019, overseas purchases of fish fats and oils increased by X% to X tonnes, rising for the second year in a row after two years of decline. In general, imports saw a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of import peaked in 2019 and is likely to see gradual growth in the immediate term.

In value terms, fish fat and oil imports stood at $X in 2019. Overall, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. The level of import peaked in 2019 and is likely to continue growth in the immediate term.

Imports by Country

Turkey dominates fish fat and oil imports structure, amounting to X tonnes, which was near X% of total imports in 2019. Saudi Arabia (X tonnes) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the fish fats and oils imports, with a CAGR of +X% from 2007 to 2019. Saudi Arabia experienced a relatively flat trend pattern. While the share of Turkey (+X p.p.) increased significantly in terms of the total imports from 2007-2019, the share of Saudi Arabia (-X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) constitutes the largest market for imported fish fats and oils in the Middle East, comprising X% of total imports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value in Turkey totaled +X%.

Import Prices by Country

The fish fat and oil import price in the Middle East stood at $X per tonne 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 2013 when the import price increased by X% year-to-year. The level of import peaked at $X per tonne in 2014; however, from 2015 to 2019, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2019, the country with the highest price was Saudi Arabia ($X per tonne), while Turkey totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Saudi Arabia.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fish fats and oils in the the Middle East?
+
The countries with the highest volumes of fish fat and oil consumption in 2019 were Turkey (68K tonnes), Iran (59K tonnes) and Saudi Arabia (41K tonnes), together accounting for 64% of total consumption.
What are the largest producers of fish fats and oils in the the Middle East?
+
The countries with the highest volumes of fish fat and oil production in 2019 were Iran (58K tonnes), Saudi Arabia (39K tonnes) and Iraq (23K tonnes), with a combined 57% share of total production. These countries were followed by Syrian Arab Republic, Oman, Yemen and Israel, which together accounted for a further 29%.
What are the leading suppliers of fish fats and oils in the the Middle East?
+
In value terms, Oman ($21M) and Turkey ($13M) appeared to be the countries with the highest levels of exports in 2019, with a combined 81% share of total exports.
What are the leading importers of fish fats and oils in the the Middle East?
+
In value terms, Turkey ($85M) constitutes the largest market for imported fish fats and oils in the Middle East, comprising 89% of total imports. The second position in the ranking was occupied by Saudi Arabia ($2.9M), with a 3% share of total imports.
What is the average export price for fish fats and oils in the the Middle East?
+
The fish fat and oil export price in the Middle East stood at $2,060 per tonne in 2019, dropping by -13.7% against the previous year.
What is the average import price for fish fats and oils in the the Middle East?
+
The fish fat and oil import price in the Middle East stood at $1,388 per tonne in 2019, which is down by -10.5% against the previous year.

Product coverage:
• Prodcom 10411200 - Fats and oils and their fractions of fish or marine mammals (excluding chemically modified)

This report provides an in-depth analysis of the market for fish fat and oil in the Middle East. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Bahrain
• Jordan
• Lebanon
• Palestine
• Syrian Arab Republic
• Yemen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in the Middle East, split by region and country
• Trade (exports and imports) in the Middle East
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Bahrain
• Iran
• Iraq
• Israel
• Jordan
• Kuwait
• Lebanon
• Oman
• Palestine
• Qatar
• Saudi Arabia
• Syrian Arab Republic
• Turkey
• United Arab Emirates
• Yemen
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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