Middle East: Frozen Yellowfin Tuna Market 2022

Frozen Yellowfin Tuna Market Size in the Middle East

The Middle Eastern frozen yellowfin tuna market contracted to $X in 2020, which is down by -X% against the previous year. In general, consumption, however, enjoyed prominent growth. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2011; however, from 2012 to 2020, consumption stood at a somewhat lower figure.

Frozen Yellowfin Tuna Production in the Middle East

In value terms, frozen yellowfin tuna production fell to $X in 2020 estimated in export prices. The total production indicated a perceptible increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. The level of production peaked at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

Production By Country in the Middle East

Yemen (X tons) remains the largest frozen yellowfin tuna producing country in the Middle East, accounting for X% of total volume. Moreover, frozen yellowfin tuna production in Yemen exceeded the figures recorded by the second-largest producer, Oman (X tons), ninefold.

In Yemen, frozen yellowfin tuna production expanded at an average annual rate of +X% over the period from 2007-2020.

Frozen Yellowfin Tuna Exports

Exports in the Middle East

In 2020, approx. X tons of frozen yellowfin tuna were exported in the Middle East; increasing by X% compared with the year before. Overall, exports saw a moderate increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen yellowfin tuna exports soared to $X in 2020. In general, exports continue to indicate a noticeable expansion. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates dominates frozen yellowfin tuna exports structure, finishing at X tons, which was near X% of total exports in 2020. It was distantly followed by Oman (X tons), committing an X% share of total exports. Yemen (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the frozen yellowfin tuna exports, with a CAGR of +X% from 2007 to 2020. Oman (-X%) and Yemen (-X%) illustrated a downward trend over the same period. The United Arab Emirates (+X p.p.) significantly strengthened its position in terms of the total exports, while Oman and Yemen saw its share reduced by -X% and -X% from 2007 to 2020, respectively.

In value terms, the United Arab Emirates ($X) emerged as the largest frozen yellowfin tuna supplier in the Middle East, comprising X% of total exports. The second position in the ranking was occupied by Oman ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value in the United Arab Emirates stood at +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

The frozen yellowfin tuna export price in the Middle East stood at $X per ton in 2020, which is down by -X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X% year-to-year. As a result, export price attained the peak level of $X per ton. from 2015 to 2020, the growth in terms of the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Oman ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Oman, while the other leaders experienced mixed trends in the export price figures.

Frozen Yellowfin Tuna Imports

Imports in the Middle East

In 2020, supplies from abroad of frozen yellowfin tuna increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports recorded strong growth. The pace of growth appeared the most rapid in 2019 with an increase of X% y-o-y. The volume of import peaked at X tons in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

In value terms, frozen yellowfin tuna imports surged to $X in 2020. Overall, imports showed resilient growth. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2020, imports remained at a lower figure.

Imports by Country

Iran (X tons) and the United Arab Emirates (X tons) represented roughly X% of total imports of frozen yellowfin tuna in 2020. It was distantly followed by Turkey (X tons), generating a X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the United Arab Emirates, while imports for the other leaders experienced more modest paces of growth.

In value terms, Iran ($X), the United Arab Emirates ($X) and Turkey ($X) appeared to be the countries with the highest levels of imports in 2020, with a combined X% share of total imports.

The United Arab Emirates recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The frozen yellowfin tuna import price in the Middle East stood at $X per ton in 2020, remaining relatively unchanged against the previous year. Import price indicated measured growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, frozen yellowfin tuna import price decreased by -X% against 2015 indices. The pace of growth was the most pronounced in 2012 an increase of X% y-o-y. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major importing countries. In 2020, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Iran, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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