Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Saudi Arabia - 2022
Contents:
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Saudi Arabia (CIF) - 2022
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Saudi Arabia (FOB) - 2022
- Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Saudi Arabia
- Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Saudi Arabia
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Saudi Arabia (CIF) - 2022
In 2022, the average import price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s amounted to $3,716 per ton, falling by -48.4% against the previous year. Over the period under review, the import price, however, recorded slight growth. The pace of growth appeared the most rapid in 2018 an increase of 180%. The import price peaked at $7,196 per ton in 2021, and then reduced sharply in the following year.
As there is only one major supplying country, the average price level is determined by prices for Peru.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +87.3% per year.
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Saudi Arabia (FOB) - 2022
The average export price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s stood at $6,057 per ton in 2022, which is down by -4.6% against the previous year. Over the last decade, it increased at an average annual rate of +4.5%. The growth pace was the most rapid in 2013 when the average export price increased by 45% against the previous year. Over the period under review, the average export prices attained the peak figure at $6,740 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($8,805 per ton), while the average price for exports to Ireland ($5,647 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 Ireland (+2.8%).
Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Saudi Arabia
In 2022, purchases abroad of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s increased by 137% to 7.4 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a abrupt slump.
In value terms, imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s soared to $27K in 2022. In general, imports, however, continue to indicate a abrupt shrinkage.
| Import of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 16.6 | 32.3 | 10.9 | 27.4 | 18.2% |
| China | 25.7 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | 11.5 | N/A | 11400.0% |
| Total | 42.3 | 32.4 | 22.4 | 27.4 | -13.5% |
Top Suppliers of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) to Saudi Arabia in 2022:
- Peru (7.4 tons)
Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Saudi Arabia
In 2022, exports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s from Saudi Arabia declined remarkably to 1.7 tons, which is down by -24.6% compared with 2021 figures. Over the period under review, exports continue to indicate a dramatic decline. The growth pace was the most rapid in 2021 when exports increased by 97%.
In value terms, exports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s plummeted to $10K in 2022. In general, exports recorded a precipitous decline. The growth pace was the most rapid in 2021 when exports increased by 128%.
| Export of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 37.6 | 6.4 | 14.5 | 6.7 | -43.7% |
| United Kingdom | N/A | N/A | N/A | 1.7 | 0% |
| Finland | N/A | N/A | N/A | 1.5 | 0% |
| Germany | N/A | N/A | N/A | 0.5 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 37.6 | 6.4 | 14.5 | 10.4 | -34.8% |
Top Export Markets for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) from Saudi Arabia in 2022:
- Ireland (1187.0 kg)
- Finland (263.0 kg)
- United Kingdom (195.0 kg)
- Germany (75.0 kg)
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