Middle East: Frozen Fish Market 2024

Frozen Fish Market Size in the Middle East

The Middle Eastern frozen fish market surged to $X in 2022, jumping by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Frozen Fish Production in the Middle East

In value terms, frozen fish production contracted notably to $X in 2022 estimated in export price. In general, production, however, showed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Frozen Fish Exports

Exports in the Middle East

In 2022, overseas shipments of frozen fish decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, showed a prominent expansion. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, frozen fish exports skyrocketed to $X in 2022. Overall, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

Oman was the key exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by Turkey (X tons), Yemen (X tons) and Iran (X tons), together comprising a X% share of total exports. The United Arab Emirates (X tons) followed a long way behind the leaders.

Exports from Oman increased at an average annual rate of X% from 2012 to 2022. At the same time, Iran (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. Yemen and the United Arab Emirates experienced a relatively flat trend pattern. While the share of Oman (X p.p.), Turkey (X p.p.) and Iran (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (X p.p.) and Yemen (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest frozen fish supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with a X% share of total exports. It was followed by Yemen, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to X%. In the other countries, the average annual rates were as follows: Oman (X% per year) and Yemen (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, surging by X% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price 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, frozen fish export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

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 ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Frozen Fish Imports

Imports in the Middle East

Frozen fish imports expanded to X tons in 2022, picking up by X% against the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, frozen fish imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons), the United Arab Emirates (X tons), Saudi Arabia (X tons) and Israel (X tons) was the largest importer of frozen fish in the Middle East, achieving X% of total import. Oman (X tons) took the next position in the ranking, followed by Jordan (X tons). All these countries together took approx. X% share of total imports. Iran (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Oman (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) constitutes the largest market for imported frozen fish in the Middle East, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

In Israel, frozen fish imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Turkey (X% per year).

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. In general, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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