Saudi Arabia: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2024

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Saudi Arabia

In 2022, after three years of decline, there was growth in the Saudi seafood meals and pellets market, when its value increased by X% to $X. Over the period under review, consumption posted a buoyant expansion. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Saudi Arabia

In value terms, seafood meals and pellets production declined to $X in 2022 estimated in export price. Overall, production, however, showed a prominent increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Seafood meals and pellets production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from Saudi Arabia

In 2022, approx. X tons of flours, meals and pellets of fish or of crustaceans and molluscs were exported from Saudi Arabia; waning by X% on 2021 figures. In general, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then contracted markedly in the following year.

In value terms, seafood meals and pellets exports declined remarkably to $X in 2022. Over the period under review, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Vietnam (X tons) was the main destination for seafood meals and pellets exports from Saudi Arabia, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Vietnam was relatively modest.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam was relatively modest.

Export Prices by Country

In 2022, the average seafood meals and pellets export price amounted to $X per ton, almost unchanged from the previous year. In general, the export price, however, enjoyed a measured increase. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Vietnam.

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to X% per year.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into Saudi Arabia

After two years of decline, overseas purchases of flours, meals and pellets of fish or of crustaceans and molluscs increased by X% to X tons in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, seafood meals and pellets imports soared to $X in 2022. Over the period under review, total imports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2016 indices. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest seafood meals and pellets supplier to Saudi Arabia, with a X% share of total imports. Moreover, seafood meals and pellets imports from the United States exceeded the figures recorded by the second-largest supplier, Oman (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (X% per year) and South Africa (X% per year).

In value terms, the United States ($X) constituted the largest supplier of flours, meals and pellets of fish or of crustaceans and molluscs to Saudi Arabia, comprising X% of total imports. The second position in the ranking was held by Oman ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (X% per year) and South Africa (X% per year).

Import Prices by Country

The average seafood meals and pellets import price stood at $X per ton in 2022, approximately equating the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :