Middle East: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in the Middle East

The Middle Eastern market for frozen scallops, including queen scallop totaled $X in 2023, therefore, remained relatively stable against the previous year. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2023, consumption stood at a somewhat lower figure.

Production of Frozen Scallops, Including Queen Scallop in the Middle East

In value terms, frozen scallops, including queen scallop production rose markedly to $X in 2023 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2023, production growth failed to regain momentum.

Exports of Frozen Scallops, Including Queen Scallop

Exports in the Middle East

Frozen scallops, including queen scallop exports rose notably to X tons in 2023, increasing by X% compared with the year before. Over the period under review, exports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, frozen scallops, including queen scallop exports totaled $X in 2023. Overall, exports, however, continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates prevails in exports structure, accounting for X tons, which was near X% of total exports in 2023. It was distantly followed by Turkey (X tons), achieving a X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the frozen scallops, including queen scallop exports, with a CAGR of X% from 2012 to 2023. Turkey (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Turkey (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest frozen scallops, including queen scallop supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports.

In the United Arab Emirates, frozen scallops, including queen scallop exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per ton, which is down by X% against the previous year. In general, the export price, however, continues to indicate a resilient expansion. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2023, the export prices failed to regain momentum.

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 the United Arab Emirates ($X per ton), while Turkey totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Imports of Frozen Scallops, Including Queen Scallop

Imports in the Middle East

In 2023, frozen scallops, including queen scallop imports in the Middle East declined to X tons, with a decrease of X% compared with the year before. In general, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, frozen scallops, including queen scallop imports reduced slightly to $X in 2023. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when imports increased by X%. The level of import peaked at $X in 2016; however, from 2017 to 2023, imports failed to regain momentum.

Imports by Country

The United Arab Emirates was the main importing country with an import of about X tons, which resulted at X% of total imports. Israel (X tons) ranks second in terms of the total imports with a X% share, followed by Turkey (X%). The following importers - Oman (X tons), Jordan (X tons), Kuwait (X tons) and Lebanon (X tons) - each finished at a X% share of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2023. At the same time, Israel (X%) and Lebanon (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. Turkey and Oman experienced a relatively flat trend pattern. By contrast, Jordan (X%) and Kuwait (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Israel (X p.p.) and Turkey (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Kuwait (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported frozen scallops, including queen scallop in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Israel ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in the United Arab Emirates was relatively modest. In the other countries, the average annual rates were as follows: Israel (X% per year) and Turkey (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2023, standing approx. at the previous year. Import price indicated a prominent expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, frozen scallops, including queen scallop import price increased by X% against 2020 indices. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Lebanon ($X per ton), while Oman ($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