Middle East: Preserved Sardines Market 2024

Preserved Sardines Market Size in the Middle East

The Middle Eastern preserved sardines market expanded slightly to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, showed a perceptible slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Preserved Sardines Production in the Middle East

In value terms, preserved sardines production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Preserved Sardines Exports

Exports in the Middle East

In 2022, shipments abroad of sardines (prepared or preserved) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, preserved sardines exports skyrocketed to $X in 2022. Over the period under review, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates represented the largest exporting country with an export of around X tons, which amounted to X% of total exports. Saudi Arabia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Jordan (X%). The following exporters - Turkey (X tons), Oman (X tons) and Lebanon (X tons) - each amounted to a X% share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Turkey (X%) and Saudi Arabia (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. By contrast, Lebanon (X%), Jordan (X%) and Oman (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Saudi Arabia (X p.p.), Oman (X p.p.) and Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Lebanon (X p.p.) and Jordan (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) emerged as the largest preserved sardines supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Jordan ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Jordan (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, picking up by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 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 ($X per ton), while Saudi Arabia ($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.

Preserved Sardines Imports

Imports in the Middle East

In 2022, after two years of decline, there was significant growth in purchases abroad of sardines (prepared or preserved), when their volume increased by X% to X tons. Over the period under review, imports, however, continue to indicate a slight curtailment. The pace of growth appeared the most rapid in 2019 with an increase of X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, preserved sardines imports surged to $X in 2022. In general, imports, however, showed a pronounced downturn. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Jordan (X tons), distantly followed by the United Arab Emirates (X tons), Lebanon (X tons), Iraq (X tons), Syrian Arab Republic (X tons), Saudi Arabia (X tons) and Israel (X tons) represented the largest importers of sardines (prepared or preserved), together making up X% 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 Iraq (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Jordan ($X), Lebanon ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Iraq, Syrian Arab Republic, Israel and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

Iraq, with a CAGR of X%, 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 import price in the Middle East stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Jordan ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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