GCC: Market for Prepared or Preserved Fish and Dishes other than Dried, Smoked, Salted or in Brine 2024

Market Size for Prepared or Preserved Fish and Dishes other than Dried, Smoked, Salted or in Brine in GCC

The GCC market for prepared or preserved fish and dishes other than dried, smoked, salted or in brine rose notably to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption continues to indicate buoyant growth. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Prepared or Preserved Fish and Dishes other than Dried, Smoked, Salted or in Brine in GCC

In value terms, production of prepared or preserved fish and dishes other than dried, smoked, salted or in brine rose slightly to $X in 2023 estimated in export price. Overall, production posted a buoyant expansion. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Prepared or Preserved Fish and Dishes other than Dried, Smoked, Salted or in Brine

Exports in GCC

In 2023, approx. X tons of prepared or preserved fish and dishes other than dried, smoked, salted or in brine were exported in GCC; dropping by X% against the year before. Overall, exports saw a slight reduction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, exports of prepared or preserved fish and dishes other than dried, smoked, salted or in brine fell to $X in 2023. Over the period under review, exports recorded a slight decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

Oman (X tons) and the United Arab Emirates (X tons) represented roughly X% of total exports in 2023. Saudi Arabia (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Bahrain (X%).

From 2012 to 2023, the biggest increases were recorded for Bahrain (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Oman ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Bahrain lagged somewhat behind, accounting for a further X%.

Among the main exporting countries, Bahrain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in GCC amounted to $X per ton, leveling off at the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Bahrain ($X per ton) was 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 a decline in the export price figures.

Imports of Prepared or Preserved Fish and Dishes other than Dried, Smoked, Salted or in Brine

Imports in GCC

In 2023, overseas purchases of prepared or preserved fish and dishes other than dried, smoked, salted or in brine increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. In general, imports, however, recorded a pronounced setback. Over the period under review, imports of hit record highs at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, imports of prepared or preserved fish and dishes other than dried, smoked, salted or in brine skyrocketed to $X in 2023. Overall, imports, however, recorded a noticeable reduction. Over the period under review, imports of attained the peak figure at $X in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons) and Saudi Arabia (X tons) dominates brine structure, together generating X% of total imports. Kuwait (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Oman (X%) and Qatar (X%). Bahrain (X tons) held a little share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared or preserved fish and dishes importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Kuwait ($X), with a combined X% share of total imports.

Among the main importing countries, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2023, the import price in GCC amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform