GCC: Freshwater Fish Market 2024

Freshwater Fish Market Size in GCC

The GCC freshwater fish market declined markedly to $X in 2023, falling by X% against the previous year. Over the period under review, consumption showed a perceptible shrinkage. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market failed to regain momentum.

Freshwater Fish Production in GCC

In value terms, freshwater fish production dropped slightly to $X in 2023 estimated in export price. The total production indicated a strong increase 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, production increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Freshwater Fish Exports

Exports in GCC

In 2023, the amount of freshwater fish exported in GCC skyrocketed to X tons, increasing by X% on the previous year's figure. In general, exports recorded a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, freshwater fish exports stood at $X in 2023. Overall, exports saw resilient growth. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, the United Arab Emirates (X tons) was the key exporter of freshwater fish, mixing up X% of total exports. It was distantly followed by Saudi Arabia (X tons), constituting a X% share of total exports. Bahrain (X tons) and Oman (X tons) took a relatively small share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Saudi Arabia (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2023. By contrast, Oman (X%) and Bahrain (X%) illustrated a downward trend over the same period. Saudi Arabia (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Oman and Bahrain saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, the United Arab Emirates ($X) remains the largest freshwater fish supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports. It was followed by Bahrain, with a X% share.

In the United Arab Emirates, freshwater fish exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Bahrain (X% per year).

Export Prices by Country

In 2023, the export price in GCC amounted to $X per ton, reducing by X% against the previous year. In general, the export price, however, continues to indicate a strong expansion. The growth pace was the most rapid in 2017 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Freshwater Fish Imports

Imports in GCC

In 2023, the amount of freshwater fish imported in GCC shrank remarkably to X tons, declining by X% against the previous year's figure. Overall, imports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2023, the growth of imports failed to regain momentum.

In value terms, freshwater fish imports contracted notably to $X in 2023. Over the period under review, imports, however, saw a mild increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports attained the peak of $X. From 2020 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Oman (X tons) was the major importer of freshwater fish, committing X% of total imports. The United Arab Emirates (X tons) took the second position in the ranking, distantly followed by Qatar (X tons) and Kuwait (X tons). All these countries together held near X% share of total imports.

Oman was also the fastest-growing in terms of the freshwater fish imports, with a CAGR of X% from 2012 to 2023. Kuwait (X%), the United Arab Emirates (X%) and Qatar (X%) illustrated a downward trend over the same period. Oman (X p.p.) significantly strengthened its position in terms of the total imports, while Kuwait, Qatar and the United Arab Emirates saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

In value terms, Oman ($X) constitutes the largest market for imported freshwater fish in GCC, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Qatar, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Oman amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Qatar (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2023, surging by X% against the previous year. Overall, the import price recorded a noticeable expansion. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Qatar ($X per ton) and the United Arab Emirates ($X per ton), while Oman ($X per ton) and Kuwait ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform