Clearwater Seafood: Product Analysis

2380 WordsJul 27, 201310 Pages
Geography United Arab Emirates occupies a total area of about 83,600 square kilometers (32,400 square miles), along the south-eastern tip of the Arabian Peninsula between 22°50 and 26°N and between 51° and 56°25 E. The UAE has 1 318 km of continental coastline along the Persian Gulf. The inflation rate, exchange rate and currency stability are important factors to consider in International trade, economically, the UAE has a 4% of GDP growth in 2012 with a lower inflation rate of 1.1%, In terms of days and cost of import procedure (United Arab Emirate). The Urbanization rate of the region is 84% (UAE) which would contribute to the product awareness in necessary part of the region since the urbanization rate is high. The common languages in…show more content…
Scallop Canada began exporting scallops to the United Arab Emirates in 2004, when there were only CAD $84,973 of scallops i.e. live and frozen exported. However in the next four years, the trade of scallops saw a tremendous growth and the total export of scallops from Canada to the UAE. From 1994 to 2009, the export value of Canadian scallop, all supplies and nations of destination combined, has varied between $14.65 and $21.39 per kg (average $16.83). Also, from 2000 to 2009 the annual landings averaged around 7,000 tonnes (meat weight, not including shells) in the offshore scallop fishery. Landings and total allowable catches declined from 2000 to 2005 but have been increasing since the increased by 770% and reached $742,544 in the year 2008 (Statistics Canada, 2009). Snow crab The snow crabs are seen as safe to eat because they are taken from wild fisheries that are completely managed. Snow crab has not been exported to UAE since 2005, this serve as an opportunity for Clearwater in UAE. The largest snow crabs weigh about five pounds, the meat of snow crabs is more fibrous than any other crab. It is sold $40-$110(USD) in restaurant (Restaurant Reviews), at 35AED ~$10.02 CAD per kilogram at grocery store and 25AED~ $7.16 CAD per

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