United Arab Emirates: Frozen Fish Market 2024

Frozen Fish Market Size in the United Arab Emirates

The frozen fish market in the United Arab Emirates dropped sharply to $X in 2022, falling by X% against the previous year. In general, consumption, however, saw resilient growth. Over the period under review, the market hit record highs at $X in 2021, and then dropped markedly in the following year.

Frozen Fish Production in the United Arab Emirates

In value terms, frozen fish production reduced sharply to $X in 2022 estimated in export price. Overall, production, however, showed mild growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X,433% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Frozen Fish Exports

Exports from the United Arab Emirates

In 2022, approx. X tons of frozen fish were exported from the United Arab Emirates; which is down by X% against 2021 figures. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, frozen fish exports dropped to $X in 2022. Over the period under review, exports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

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

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

In value terms, Iran ($X), Oman ($X) and Kuwait ($X) constituted the largest markets for frozen fish exported from the United Arab Emirates worldwide, with a combined X% share of total exports.

Kuwait, with a CAGR of X%, saw 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

The average frozen fish export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, showed a noticeable decrease. The pace of growth appeared the most rapid in 2016 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Bangladesh ($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 Bangladesh (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Imports

Imports into the United Arab Emirates

Frozen fish imports into the United Arab Emirates reduced rapidly to X tons in 2022, falling by X% compared with 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its volume 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 increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, frozen fish imports fell notably to $X in 2022. In general, total imports indicated moderate growth 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 increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

Vietnam (X tons), Myanmar (X tons) and Ghana (X tons) were the main suppliers of frozen fish imports to the United Arab Emirates, together accounting for X% of total imports. Thailand, India, Chile, Taiwan (Chinese), China, Pakistan, Oman, the United States, Egypt and Norway lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest frozen fish suppliers to the United Arab Emirates were Vietnam ($X), Chile ($X) and Myanmar ($X), together comprising X% of total imports. Ghana, Norway, the United States, Thailand, Taiwan (Chinese), India, China, Egypt, Pakistan and Oman lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Egypt, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen fish import price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The import price peaked 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 Chile ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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