Middle East Smoked Herring Market Surges to $X in 2024 Despite Production Drop
The Middle Eastern smoked herring market experienced a significant rise in 2024, reaching $X, a X% increase from the previous year. However, production and exports showed mixed trends.
Despite the market growth, smoked herring production in the Middle East decreased in 2024, reaching $X. This was a noticeable reduction compared to previous years. Exports also decreased by X% to X tons, after two years of growth. The most productive year in recent history was 2019, with a notable X% increase in production.
Turkey, Jordan, and Bahrain led in smoked herring exports between 2012 and 2024. Turkey showed steady growth, while Jordan exhibited moderate growth. Bahrain maintained relatively stable but lower export shares. In 2024, Jordan was the top exporter, reaching X tons, approximately X% of total exports, with a CAGR of X% from 2012 to 2024.
The import price in the Middle East stood at $X per ton in 2024, waning by X% against the previous year. Imports surged to X tons, rising by X% compared with the previous year. Saudi Arabia was the main importer, making up X% of total imports. Despite the market growth, the level of consumption of smoked herring in the Middle East failed to regain momentum from 2013 to 2024, peaking at $X in 2012.
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