United Arab Emirates: Fresh Fish Fillet Market 2024

Fresh Fish Fillet Market Size in the United Arab Emirates

The fresh fish fillet market in the United Arab Emirates rose rapidly to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption recorded buoyant growth. Over the period under review, the market reached the maximum level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Fresh Fish Fillet Production in the United Arab Emirates

In value terms, fresh fish fillet production stood at $X in 2023 estimated in export price. Overall, production, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Fresh fish fillet production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Fresh Fish Fillet Exports

Exports from the United Arab Emirates

In 2023, after two years of decline, there was significant growth in overseas shipments of fresh or chilled fish fillets, when their volume increased by X% to X tons. In general, exports, however, showed a mild downturn. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2023, the growth of the exports failed to regain momentum.

In value terms, fresh fish fillet exports skyrocketed to $X in 2023. Overall, total exports indicated a strong expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Togo (X tons) and Egypt (X tons) were the main destinations of fresh fish fillet exports from the United Arab Emirates, together accounting for X% of total exports. Tanzania, Mauritius, the Netherlands and Georgia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fresh fish fillet exported from the United Arab Emirates were the United States ($X), Egypt ($X) and the Netherlands ($X), with a combined X% share of total exports.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average fresh fish fillet export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price, however, showed a resilient increase. The pace of growth was the most pronounced in 2021 an increase of X%. The export price peaked at $X per ton in 2022, and then shrank dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to Togo ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fresh Fish Fillet Imports

Imports into the United Arab Emirates

In 2023, the amount of fresh or chilled fish fillets imported into the United Arab Emirates soared to X tons, jumping by X% on the year before. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2023, the growth of imports remained at a lower figure.

In value terms, fresh fish fillet imports skyrocketed to $X in 2023. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Norway (X tons) constituted the largest supplier of fresh fish fillet to the United Arab Emirates, with a X% share of total imports. Moreover, fresh fish fillet imports from Norway exceeded the figures recorded by the second-largest supplier, Turkey (X tons), eightfold. The third position in this ranking was taken by the Netherlands (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Norway amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the Netherlands (X% per year).

In value terms, Norway ($X) constituted the largest supplier of fresh or chilled fish fillets to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Norway stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average fresh fish fillet import price stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2023, 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 the Netherlands ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform