Middle East: Molluscs Market 2024

Molluscs Market Size in the Middle East

The Middle Eastern molluscs market totaled $X in 2023, approximately reflecting the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Molluscs Production in the Middle East

In value terms, molluscs production amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2023, production growth failed to regain momentum.

Molluscs Exports

Exports in the Middle East

In 2023, approx. X tons of molluscs (scallops, mussels, cuttle fish, squid and octopus) were exported in the Middle East; dropping by X% compared with the previous year. Over the period under review, exports, however, recorded a noticeable expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2022, and then contracted in the following year.

In value terms, molluscs exports reduced markedly to $X in 2023. In general, exports, however, continue to indicate mild growth. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2022, and then declined remarkably in the following year.

Exports by Country

Oman (X tons) and Yemen (X tons) dominates exports structure, together making up X% of total exports. Iran (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Bahrain (X%) and the United Arab Emirates (X%). Turkey (X tons) and Saudi Arabia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Yemen (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Oman ($X), Yemen ($X) and the United Arab Emirates ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

In terms of the main exporting countries, Yemen, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price recorded a mild shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Molluscs Imports

Imports in the Middle East

In 2023, supplies from abroad of molluscs (scallops, mussels, cuttle fish, squid and octopus) decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports saw a perceptible contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, molluscs imports contracted rapidly to $X in 2023. Total imports indicated a mild expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2022, and then reduced markedly in the following year.

Imports by Country

In 2023, the United Arab Emirates (X tons) was the largest importer of molluscs (scallops, mussels, cuttle fish, squid and octopus), achieving X% of total imports. It was distantly followed by Turkey (X tons), Israel (X tons) and Oman (X tons), together comprising a X% share of total imports. The following importers - Qatar (X tons), Iran (X tons) and Lebanon (X tons) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Iran (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest molluscs importing markets in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Israel ($X), with a combined X% share of total imports. Oman, Qatar, Lebanon and Iran lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Iran, with a CAGR of X%, recorded 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

In 2023, the import price in the Middle East amounted to $X per ton, dropping by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Israel ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2023, 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.

Source: IndexBox Platform