Middle East: Smoked Herring Market 2024

Smoked Herring Market Size in the Middle East

In 2022, the Middle Eastern smoked herring market increased by X% to $X, rising for the second consecutive year after five years of decline. Overall, consumption showed a abrupt slump. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Smoked Herring Production in the Middle East

In value terms, smoked herring production declined modestly to $X in 2022 estimated in export price. Overall, production saw a abrupt curtailment. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Smoked Herring Exports

Exports in the Middle East

In 2022, shipments abroad of smoked herrings was finally on the rise to reach X tons after two years of decline. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, smoked herring exports soared to $X in 2022. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Jordan dominates exports structure, recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Turkey (X tons), making up a X% share of total exports. Oman (X kg) followed a long way behind the leaders.

Jordan was also the fastest-growing in terms of the smoked herrings exports, with a CAGR of X% from 2012 to 2022. At the same time, Turkey (X%) displayed positive paces of growth. By contrast, Oman (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) and Oman (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Jordan ($X) remains the largest smoked herring supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Jordan totaled X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Oman (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 continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, 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 Turkey ($X per ton), while Jordan ($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 export price figures.

Smoked Herring Imports

Imports in the Middle East

Smoked herring imports declined markedly to X tons in 2022, reducing by X% on 2021. In general, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, smoked herring imports reduced notably to $X in 2022. Over the period under review, imports saw a noticeable slump. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Bahrain (X tons) and the United Arab Emirates (X tons) represented roughly X% of total imports in 2022. Oman (X tons) ranks next in terms of the total imports with a X% share, followed by Kuwait (X%). The following importers - Israel (X tons) and Turkey (X tons) - each finished at a X% 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, the largest smoked herring importing markets in the Middle East were the United Arab Emirates ($X), Bahrain ($X) and Oman ($X), together comprising X% of total imports.

Oman, 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

In 2022, the import price in the Middle East amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, saw a drastic downturn. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Bahrain ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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