Saudi Arabia: Frozen Freshwater Fish Market 2024

Frozen Freshwater Fish Market Size in Saudi Arabia

In 2022, the Saudi frozen freshwater fish market was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. Overall, consumption, however, showed a modest increase. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Frozen Freshwater Fish Production in Saudi Arabia

In value terms, frozen freshwater fish production soared to $X in 2022 estimated in export price. Overall, production, however, faced a deep slump. Frozen freshwater fish production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Frozen Freshwater Fish Exports

Exports from Saudi Arabia

In 2022, approx. X tons of frozen freshwater fish were exported from Saudi Arabia; growing by X% against 2021. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, frozen freshwater fish exports surged to $X in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Jordan (X tons) was the main destination for frozen freshwater fish exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, frozen freshwater fish exports to Jordan exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. The third position in this ranking was taken by Bahrain (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Jordan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Bahrain (X% per year).

In value terms, Jordan ($X) emerged as the key foreign market for frozen freshwater fish exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Jordan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average frozen freshwater fish export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (X%), while the prices for the other major destinations experienced a decline.

Frozen Freshwater Fish Imports

Imports into Saudi Arabia

In 2022, approx. X tons of frozen freshwater fish were imported into Saudi Arabia; reducing by X% against the previous year's figure. In general, imports, however, posted a slight increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, frozen freshwater fish imports reduced to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Myanmar (X tons) constituted the largest supplier of frozen freshwater fish to Saudi Arabia, with a X% share of total imports. Moreover, frozen freshwater fish imports from Myanmar exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fourfold. The third position in this ranking was held by Thailand (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Myanmar amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Thailand (X% per year).

In value terms, Myanmar ($X) constituted the largest supplier of frozen freshwater fish to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Myanmar amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Thailand (X% per year).

Import Prices by Country

The average frozen freshwater fish import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bangladesh ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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