Middle East: Preserved Tuna Market 2024

Preserved Tuna Market Size in the Middle East

The Middle Eastern preserved tuna market contracted to $X in 2023, declining by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market remained at a somewhat lower figure.

Preserved Tuna Production in the Middle East

In value terms, preserved tuna production dropped sharply to $X in 2023 estimated in export price. The total production indicated notable growth 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 pace of growth was the most pronounced in 2022 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then declined notably in the following year.

Preserved Tuna Exports

Exports in the Middle East

In 2023, after two years of growth, there was significant decline in shipments abroad of tuna (prepared or preserved), when their volume decreased by X% to X tons. Overall, exports showed a perceptible decline. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, preserved tuna exports reduced to $X in 2023. In general, exports recorded a slight setback. The pace of growth was the most pronounced in 2022 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Turkey (X tons) represented the key exporter of tuna (prepared or preserved), making up X% of total exports. It was distantly followed by Iran (X tons), Yemen (X tons), the United Arab Emirates (X tons), Saudi Arabia (X tons) and Oman (X tons), together mixing up a X% share of total exports. Jordan (X tons) held a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to preserved tuna exports from Turkey stood at X%. At the same time, Saudi Arabia (X%), Iran (X%) and Yemen (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Jordan (X%) and Oman (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Turkey, Iran, Saudi Arabia, Yemen and the United Arab Emirates increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest preserved tuna supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Yemen ($X), with a X% share of total exports. It was followed by Saudi Arabia, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Turkey totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Yemen (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2023, declining by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2022 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Yemen ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced mixed trends in the export price figures.

Preserved Tuna Imports

Imports in the Middle East

In 2023, after three years of decline, there was significant growth in supplies from abroad of tuna (prepared or preserved), when their volume increased by X% to X tons. Overall, imports, however, saw a relatively flat trend pattern. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, preserved tuna imports skyrocketed to $X in 2023. Over the period under review, imports, however, showed a mild slump. The level of import peaked at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Saudi Arabia (X tons), Israel (X tons) and the United Arab Emirates (X tons) was the main importer of tuna (prepared or preserved) in the Middle East, mixing up X% of total import. Jordan (X tons) held the next position in the ranking, followed by Kuwait (X tons), Yemen (X tons), Oman (X tons) and Lebanon (X tons). All these countries together took approx. X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Israel (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports.

In terms of the main importing countries, Israel, 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 the Middle East amounted to $X per ton, falling by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Yemen ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform