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Feb 27, 2025

Middle East's Frozen, Dried, and Smoked Fish Market to Reach 980K Tons and $5.2B by 2035 - News and Statistics - IndexBox

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IndexBox has just published a new report: Middle East - Frozen, Dried And Smoked Fish - Market Analysis, Forecast, Size, Trends and Insights.

The Middle Eastern fish market is expected to see an increase in consumption of frozen, dried, and smoked fish over the next decade. Market volume is projected to reach 980K tons by 2035, with a forecasted CAGR of +0.8%. In terms of value, the market is anticipated to grow to $5.2B by 2035, with an expected CAGR of +1.7%.

Driven by increasing demand for frozen, dried and smoked fish in the Middle East, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.8% for the period from 2024 to 2035, which is projected to bring the market volume to 980K tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.7% for the period from 2024 to 2035, which is projected to bring the market value to $5.2B (in nominal wholesale prices) by the end of 2035.

In 2024, approx. 894K tons of frozen, dried and smoked fish were consumed in the Middle East; increasing by 5% compared with 2023. The total consumption volume increased at an average annual rate of +1.9% from 2013 to 2024; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The volume of consumption peaked at 956K tons in 2017; however, from 2018 to 2024, consumption stood at a somewhat lower figure.

The value of the market for frozen, dried and smoked fish in the Middle East rose modestly to $4.3B in 2024, surging by 3.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.1% over the period from 2013 to 2024; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The level of consumption peaked at $4.3B in 2022; afterwards, it flattened through to 2024.

The countries with the highest volumes of consumption in 2024 were Saudi Arabia (229K tons), Iran (170K tons) and Yemen (88K tons), together accounting for 55% of total consumption. The United Arab Emirates, Israel, Turkey, Oman and Iraq lagged somewhat behind, together accounting for a further 33%.

From 2013 to 2024, the biggest increases were recorded for Oman (with a CAGR of +16.3%), while consumption for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen, dried and smoked fish markets in the Middle East were Saudi Arabia ($876M), Iran ($826M) and Yemen ($485M), together accounting for 51% of the total market. Israel, Iraq, Turkey, the United Arab Emirates and Oman lagged somewhat behind, together comprising a further 35%.

Oman, with a CAGR of +13.9%, recorded the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other leaders experienced more modest paces of growth.

The countries with the highest levels of frozen, dried and smoked fish per capita consumption in 2024 were Oman (8 kg per person), the United Arab Emirates (7.6 kg per person) and Israel (7 kg per person).

From 2013 to 2024, the biggest increases were recorded for Oman (with a CAGR of +12.4%), while consumption for the other leaders experienced more modest paces of growth.

The products with the highest volumes of consumption in 2024 were frozen whole fish (262K tons), frozen crustaceans (260K tons) and dried or smoked fish (255K tons), with a combined 87% share of the total volume.

From 2013 to 2024, the biggest increases were recorded for frozen crustaceans (with a CAGR of +3.9%), while consumption for the other products experienced more modest paces of growth.

In value terms, the largest types of frozen, dried and smoked fish in terms of market size were dried or smoked fish ($1.7B), frozen crustaceans ($1.5B) and frozen fish fillet ($555M), together accounting for 88% of the total market.

Frozen fish fillet, with a CAGR of +5.7%, saw the highest growth rate of market size in terms of the main consumed products over the period under review, while market for the other products experienced more modest paces of growth.

In 2024, the amount of frozen, dried and smoked fish produced in the Middle East reduced to 891K tons, declining by -5.1% on the year before. The total production indicated a measured increase from 2013 to 2024: its volume increased at an average annual rate of +4.2% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production increased by +1.3% against 2022 indices. The growth pace was the most rapid in 2018 with an increase of 21% against the previous year. The volume of production peaked at 938K tons in 2023, and then fell in the following year.

In value terms, frozen, dried and smoked fish production shrank sharply to $6.6B in 2024 estimated in export price. Over the period under review, production, however, posted a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 127%. Over the period under review, production reached the peak level at $13.4B in 2021; however, from 2022 to 2024, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2024 were Iran (217K tons), Saudi Arabia (166K tons) and Oman (164K tons), together accounting for 61% of total production.

From 2013 to 2024, the biggest increases were recorded for Oman (with a CAGR of +9.9%), while production for the other leaders experienced more modest paces of growth.

The products with the highest volumes of production in 2024 were frozen whole fish (316K tons), frozen crustaceans (272K tons) and dried or smoked fish (269K tons), with a combined 96% share of the total output. Frozen fish fillet and frozen fish meat lagged somewhat behind, together accounting for a further 3.9%.

From 2013 to 2024, the biggest increases were recorded for frozen fish fillet (with a CAGR of +11.3%), while production for the other products experienced more modest paces of growth.

In value terms, frozen whole fish ($2B), dried or smoked fish ($1.8B) and frozen crustaceans ($1.5B) appeared to be the products with the highest levels of production in 2024, with a combined 81% share of the total output. Frozen fish fillet and frozen fish meat lagged somewhat behind, together accounting for a further 19%.

Among the main produced products, frozen fish fillet, with a CAGR of +31.8%, saw the highest growth rate of market size over the period under review, while production for the other products experienced more modest paces of growth.

In 2024, imports of frozen, dried and smoked fish in the Middle East expanded rapidly to 409K tons, surging by 14% compared with 2023 figures. The total import volume increased at an average annual rate of +1.2% over the period from 2013 to 2024; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 19% against the previous year. Over the period under review, imports reached the peak figure at 485K tons in 2017; however, from 2018 to 2024, imports stood at a somewhat lower figure.

In value terms, frozen, dried and smoked fish imports expanded rapidly to $1.5B in 2024. The total import value increased at an average annual rate of +3.1% over the period from 2013 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 32% against the previous year. Over the period under review, imports hit record highs at $1.7B in 2022; however, from 2023 to 2024, imports failed to regain momentum.

The United Arab Emirates (87K tons), Saudi Arabia (87K tons), Turkey (84K tons) and Israel (69K tons) represented roughly 80% of total imports in 2024. Jordan (18K tons), Iraq (11K tons), Qatar (11K tons) and Kuwait (9K tons) followed a long way behind the leaders.

From 2013 to 2024, the biggest increases were recorded for Iraq (with a CAGR of +21.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen, dried and smoked fish importing markets in the Middle East were Israel ($501M), the United Arab Emirates ($373M) and Saudi Arabia ($183M), with a combined 71% share of total imports. Turkey, Jordan, Qatar, Kuwait and Iraq lagged somewhat behind, together accounting for a further 22%.

In terms of the main importing countries, Iraq, with a CAGR of +15.1%, 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.

Frozen whole fish represented the major imported product with an import of about 239K tons, which recorded 59% of total imports. Frozen fish fillet (106K tons) held the second position in the ranking, distantly followed by frozen crustaceans (51K tons). All these products together took approx. 39% share of total imports.

Frozen whole fish experienced a relatively flat trend pattern with regard to volume of imports. At the same time, frozen fish fillet (+2.4%) and frozen crustaceans (+1.3%) displayed positive paces of growth. Moreover, frozen fish fillet emerged as the fastest-growing type imported in the Middle East, with a CAGR of +2.4% from 2013-2024. From 2013 to 2024, the share of frozen fish fillet increased by +3.3 percentage points. The shares of the other products remained relatively stable throughout the analyzed period.

In value terms, frozen fish fillet ($607M), frozen whole fish ($452M) and frozen crustaceans ($370M) were the products with the highest levels of imports in 2024, together accounting for 97% of total imports.

In terms of the main imported products, frozen fish fillet, with a CAGR of +6.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other products experienced more modest paces of growth.

The import price in the Middle East stood at $3,649 per ton in 2024, with a decrease of -7.1% against the previous year. Over the last eleven years, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2022 when the import price increased by 20%. Over the period under review, import prices attained the peak figure at $3,929 per ton in 2023, and then shrank in the following year.

There were significant differences in the average prices amongst the major imported products. In 2024, the product with the highest price was dried or smoked fish ($9,937 per ton), while the price for frozen whole fish ($1,890 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by dried or smoked fish (+9.7%), while the other products experienced more modest paces of growth.

The import price in the Middle East stood at $3,649 per ton in 2024, shrinking by -7.1% against the previous year. Over the last eleven years, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2022 an increase of 20% against the previous year. The level of import peaked at $3,929 per ton in 2023, and then dropped in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2024, amid the top importers, the country with the highest price was Israel ($7,288 per ton), while Turkey ($2,015 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Israel (+4.2%), while the other leaders experienced more modest paces of growth.

In 2024, the amount of frozen, dried and smoked fish exported in the Middle East declined to 406K tons, falling by -8.6% against 2023. Over the period under review, exports, however, showed a strong expansion. The growth pace was the most rapid in 2018 with an increase of 73%. The volume of export peaked at 500K tons in 2021; however, from 2022 to 2024, the exports remained at a lower figure.

In value terms, frozen, dried and smoked fish exports shrank to $1.6B in 2024. Overall, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 34%. The level of export peaked at $1.8B in 2023, and then declined in the following year.

In 2024, Oman (127K tons) and Turkey (114K tons) represented the key exporters of frozen, dried and smoked fish in the Middle East, together recording approx. 59% of total exports. It was distantly followed by Iran (56K tons), the United Arab Emirates (44K tons), Yemen (33K tons) and Saudi Arabia (24K tons), together making up a 39% share of total exports.

From 2013 to 2024, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Turkey (with a CAGR of +11.9%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($713M) remains the largest frozen, dried and smoked fish supplier in the Middle East, comprising 45% of total exports. The second position in the ranking was taken by Oman ($269M), with a 17% share of total exports. It was followed by the United Arab Emirates, with a 15% share.

From 2013 to 2024, the average annual rate of growth in terms of value in Turkey amounted to +12.8%. In the other countries, the average annual rates were as follows: Oman (+15.4% per year) and the United Arab Emirates (+6.4% per year).

In 2024, frozen whole fish (292K tons) represented the key type of frozen, dried and smoked fish, generating 72% of total exports. Frozen crustaceans (63K tons) took a 15% share (based on physical terms) of total exports, which put it in second place, followed by frozen fish fillet (6.3%). Dried or smoked fish (17K tons) and frozen fish meat (8.6K tons) took a little share of total exports.

Exports of frozen whole fish increased at an average annual rate of +7.2% from 2013 to 2024. At the same time, frozen fish meat (+12.5%), frozen fish fillet (+10.4%) and frozen crustaceans (+6.0%) displayed positive paces of growth. Moreover, frozen fish meat emerged as the fastest-growing type exported in the Middle East, with a CAGR of +12.5% from 2013-2024. Dried or smoked fish experienced a relatively flat trend pattern. From 2013 to 2024, the share of frozen whole fish and frozen fish fillet increased by +3.5 and +1.9 percentage points, respectively. The shares of the other products remained relatively stable throughout the analyzed period.

In value terms, frozen whole fish ($829M) remains the largest type of frozen, dried and smoked fish supplied in the Middle East, comprising 52% of total exports. The second position in the ranking was taken by frozen crustaceans ($401M), with a 25% share of total exports. It was followed by frozen fish fillet, with a 16% share.

From 2013 to 2024, the average annual growth rate of the value of frozen whole fish exports stood at +11.9%. For the other products, the average annual rates were as follows: frozen crustaceans (+10.5% per year) and frozen fish fillet (+12.6% per year).

In 2024, the export price in the Middle East amounted to $3,904 per ton, declining by -1.8% against the previous year. Export price indicated a noticeable increase from 2013 to 2024: its price increased at an average annual rate of +3.5% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, frozen, dried and smoked fish export price decreased by -4.1% against 2022 indices. The pace of growth was the most pronounced in 2016 an increase of 49%. Over the period under review, the export prices attained the maximum at $4,177 per ton in 2017; however, from 2018 to 2024, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the product type; the product with the highest price was frozen fish fillet ($9,813 per ton), while the average price for exports of frozen fish meat ($2,740 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by frozen whole fish (+4.3%), while the other products experienced more modest paces of growth.

The export price in the Middle East stood at $3,904 per ton in 2024, with a decrease of -1.8% against the previous year. Export price indicated pronounced growth from 2013 to 2024: its price increased at an average annual rate of +3.5% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, frozen, dried and smoked fish export price decreased by -4.1% against 2022 indices. The pace of growth appeared the most rapid in 2016 when the export price increased by 49%. Over the period under review, the export prices attained the peak figure at $4,177 per ton in 2017; however, from 2018 to 2024, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2024, amid the top suppliers, the country with the highest price was Turkey ($6,256 per ton), while Oman ($2,123 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+9.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for frozen, dried and smoked fish in the Middle East. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

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The Largest Importers on The Market and How They Succeed

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