Middle East: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2024

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in the Middle East

The Middle Eastern seafood meals and pellets market skyrocketed to $X in 2022, surging by X% against the previous year. The total consumption indicated a resilient 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, consumption increased by X% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in the Middle East

In value terms, seafood meals and pellets production skyrocketed to $X in 2022 estimated in export price. In general, production, however, saw buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports in the Middle East

In 2022, after five years of growth, there was significant decline in overseas shipments of flours, meals and pellets of fish or of crustaceans and molluscs, when their volume decreased by X% to X tons. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, seafood meals and pellets exports fell to $X in 2022. Overall, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

Oman dominates exports structure, accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), achieving a X% share of total exports. Turkey (X tons) and Yemen (X tons) took a minor share of total exports.

Oman was also the fastest-growing in terms of the flours, meals and pellets of fish or of crustaceans and molluscs exports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) and Turkey (X%) displayed positive paces of growth. By contrast, Yemen (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Oman increased by X percentage points.

In value terms, Oman ($X) remains the largest seafood meals and pellets supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

In Oman, seafood meals and pellets exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, flattening at the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to continue growth in years to come.

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 Turkey ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports in the Middle East

In 2022, purchases abroad of flours, meals and pellets of fish or of crustaceans and molluscs increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports showed a strong increase. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, seafood meals and pellets imports skyrocketed to $X in 2022. Overall, imports posted a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey prevails in imports structure, amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by Saudi Arabia (X tons), creating a X% share of total imports.

Turkey was also the fastest-growing in terms of the flours, meals and pellets of fish or of crustaceans and molluscs imports, with a CAGR of X% from 2012 to 2022. Saudi Arabia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Turkey increased by X percentage points.

In value terms, Turkey ($X) constitutes the largest market for imported flours, meals and pellets of fish or of crustaceans and molluscs in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total imports.

In Turkey, seafood meals and pellets imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while Saudi Arabia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Source: IndexBox Platform

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