MENA: Market for Fresh Or Chilled Salmonoids Meat 2024

Market Size for Fresh Or Chilled Salmonoids Meat in MENA

In 2022, the MENA's market for fresh or chilled salmonoids meat decreased by -27.9% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, saw a buoyant expansion. Over the period under review, the market reached the peak level at $X in 2021, and then reduced dramatically in the following year.

Production of Fresh Or Chilled Salmonoids Meat in MENA

In value terms, fresh or chilled salmonoids meat production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 42% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Fresh Or Chilled Salmonoids Meat

Exports in MENA

In 2022, overseas shipments of fresh or chilled salmonoids meat decreased by -17.1% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 591%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, fresh or chilled salmonoids meat exports dropped to $X in 2022. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2017 when exports increased by 1,327% against the previous year. The level of export peaked at $X in 2021, and then shrank in the following year.

Exports by Country

In 2022, the United Arab Emirates (X tons) was the key exporter of fresh or chilled salmonoids meat in MENA, generating 100% of total export.

The United Arab Emirates was also the fastest-growing in terms of the fresh or chilled salmonoids meat exports, with a CAGR of +26.3% from 2012 to 2022. While the share of the United Arab Emirates (+69 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest fresh or chilled salmonoids meat supplier in MENA.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at +36.0%.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, with an increase of 19% against the previous year. Over the period under review, the export price recorded strong growth. The growth pace was the most rapid in 2017 an increase of 122% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +7.7% per year.

Imports of Fresh Or Chilled Salmonoids Meat

Imports in MENA

In 2022, purchases abroad of fresh or chilled salmonoids meat decreased by -23.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, enjoyed a measured increase. The pace of growth was the most pronounced in 2018 with an increase of 216% against the previous year. The volume of import peaked at X tons in 2021, and then dropped sharply in the following year.

In value terms, fresh or chilled salmonoids meat imports shrank significantly to $X in 2022. Overall, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of 288% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then fell notably in the following year.

Imports by Country

Israel (X tons) and Kuwait (X tons) represented roughly 84% of total imports in 2022. It was distantly followed by Saudi Arabia (X tons), creating a 16% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of +51.0%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Israel ($X), Kuwait ($X) and Saudi Arabia ($X) constituted the countries with the highest levels of imports in 2022, with a combined 99% share of total imports.

Among the main importing countries, Kuwait, with a CAGR of +56.9%, 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

In 2022, the import price in MENA amounted to $X per ton, dropping by -6.5% against the previous year. In general, the import price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 when the import price increased by 244%. Over the period under review, import prices hit record highs at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+6.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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