Middle East: Preserved Salmon Market 2024

Preserved Salmon Market Size in the Middle East

In 2022, the Middle Eastern preserved salmon market was finally on the rise to reach $X after four years of decline. In general, consumption recorded prominent growth. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Preserved Salmon Production in the Middle East

In value terms, preserved salmon production reduced modestly to $X in 2022 estimated in export price. Overall, production posted a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

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Preserved Salmon Exports

Exports in the Middle East

In 2022, approx. X tons of salmon (prepared or preserved) were exported in the Middle East; rising by X% against 2021. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved salmon exports surged to $X in 2022. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates represented the key exporter of salmon (prepared or preserved) in the Middle East, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Iran (X tons) and Israel (X tons), together making up a X% share of total exports. Turkey (X tons) and Saudi Arabia (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to preserved salmon exports from the United Arab Emirates stood at X%. At the same time, Turkey (X%), Iran (X%), Saudi Arabia (X%) and Israel (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. The United Arab Emirates (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia, Israel and Iran saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) remains the largest preserved salmon supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Iran ($X), with an X% share of total exports. It was followed by Israel, with a X% share.

In the United Arab Emirates, preserved salmon 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: Iran (X% per year) and Israel (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices failed to regain momentum.

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

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

Preserved Salmon Imports

Imports in the Middle East

In 2022, preserved salmon imports in the Middle East skyrocketed to X tons, with an increase of X% compared with 2021 figures. Over the period under review, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, preserved salmon imports skyrocketed to $X in 2022. In general, imports posted a strong increase. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Yemen was the key importing country with an import of about X tons, which recorded X% of total imports. Kuwait (X tons) held the second position in the ranking, followed by the United Arab Emirates (X tons) and Israel (X tons). All these countries together took near X% share of total imports.

Yemen was also the fastest-growing in terms of the salmon (prepared or preserved) imports, with a CAGR of X% from 2012 to 2022. At the same time, Kuwait (X%), Israel (X%) and the United Arab Emirates (X%) displayed positive paces of growth. While the share of Yemen (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Israel (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, the largest preserved salmon importing markets in the Middle East were the United Arab Emirates ($X), Israel ($X) and Kuwait ($X), together accounting for X% of total imports. Yemen lagged somewhat behind, comprising a further X%.

Yemen, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 import price in the Middle East stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, showed a pronounced downturn. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 the United Arab Emirates ($X per ton), while Yemen ($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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