Saudi Arabia: Preserved Tuna Market 2024

Preserved Tuna Market Size in Saudi Arabia

The Saudi preserved tuna market skyrocketed to $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a noticeable expansion. Preserved tuna consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Preserved Tuna Exports

Exports from Saudi Arabia

In 2022, after two years of growth, there was significant decline in shipments abroad of tuna (prepared or preserved), when their volume decreased by X% to X tons. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, preserved tuna exports reduced sharply to $X in 2022. In general, exports, however, posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X tons) was the main destination for preserved tuna exports from Saudi Arabia, accounting for a X% share of total exports. It was followed by Ethiopia (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Oman totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (X% per year) and Thailand (X% per year).

In value terms, Oman ($X) emerged as the key foreign market for tuna (prepared or preserved) exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was taken by Ethiopia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Oman amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the average preserved tuna export price amounted to $X per ton, rising by X% against the previous year. In general, the export price posted buoyant growth. The growth pace was the most rapid in 2014 when the average export price increased by X%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

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 Thailand ($X per ton), while the average price for exports to Oman ($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 Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Preserved Tuna Imports

Imports into Saudi Arabia

In 2022, approx. X tons of tuna (prepared or preserved) were imported into Saudi Arabia; with an increase of X% against 2021. Over the period under review, imports showed a moderate increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, preserved tuna imports skyrocketed to $X in 2022. Overall, total imports indicated a measured 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 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X tons), Indonesia (X tons) and Italy (X tons) were the main suppliers of preserved tuna imports to Saudi Arabia, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved tuna suppliers to Saudi Arabia were Thailand ($X), Indonesia ($X) and Italy ($X), together accounting for X% of total imports.

Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average preserved tuna import price amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price saw a noticeable reduction. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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