Turkey - Frozen Whole Fish - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Whole Fish Price in Turkey - 2023
Contents:
- Frozen Whole Fish Price in Turkey (FOB) - 2023
- Frozen Whole Fish Price in Turkey (CIF) - 2023
- Frozen Whole Fish Exports in Turkey
- Frozen Whole Fish Imports in Turkey
Frozen Whole Fish Price in Turkey (FOB) - 2023
The average frozen whole fish export price stood at $5,287 per ton in July 2023, with a decrease of -5.5% against the previous month. In general, the export price showed a mild decline. The pace of growth was the most pronounced in June 2023 when the average export price increased by 6.7% against the previous month. The export price peaked at $6,159 per ton in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($6,681 per ton), while the average price for exports to Italy ($2,251 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Whole Fish Price in Turkey (CIF) - 2023
In July 2023, the average frozen whole fish import price amounted to $745 per ton, with a decrease of -28.2% against the previous month. Over the period under review, the import price recorded a noticeable shrinkage. The pace of growth was the most pronounced in August 2022 when the average import price increased by 36% m-o-m. Over the period under review, average import prices attained the maximum at $1,845 per ton in May 2023; however, from June 2023 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($3,150 per ton), while the price for Morocco ($650 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Spain (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Whole Fish Exports in Turkey
In 2022, frozen whole fish exports from Turkey skyrocketed to 69K tons, jumping by 29% against 2021. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, frozen whole fish exports soared to $390M in 2022. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 66%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.
| Export of Frozen Whole Fish in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 38.5 | 67.7 | 137 | 218 | 78.2% |
| Vietnam | 8.8 | 5.3 | 12.8 | 36.5 | 60.7% |
| Japan | 3.4 | 1.3 | 3.5 | 28.5 | 103.1% |
| Germany | 20.4 | 20.4 | 22.8 | 19.9 | -0.8% |
| Thailand | 0.3 | 0.4 | 0.2 | 12.5 | 246.7% |
| Jordan | 5.2 | 8.5 | 9.1 | 8.7 | 18.7% |
| Romania | 3.1 | 2.2 | 3.6 | 3.9 | 8.0% |
| Libya | 5.8 | 6.5 | 4.7 | 3.5 | -15.5% |
| Poland | 2.4 | 2.0 | 2.2 | 3.5 | 13.4% |
| Italy | 2.1 | 1.7 | 1.9 | 2.2 | 1.6% |
| France | 3.1 | 2.3 | 1.9 | 2.0 | -13.6% |
| Others | 28.4 | 25.6 | 39.1 | 50.3 | 21.0% |
| Total | 122 | 144 | 239 | 390 | 47.3% |
Top Export Markets for Frozen Whole Fish from Turkey in 2022:
- Russia (34.7K tons)
- Vietnam (5.3K tons)
- Germany (4.6K tons)
- Japan (4.1K tons)
- Jordan (2.3K tons)
- Thailand (1.8K tons)
- Italy (1.1K tons)
- Romania (1.0K tons)
- France (1.0K tons)
- Libya (0.9K tons)
- Poland (0.9K tons)
Frozen Whole Fish Imports in Turkey
In 2022, supplies from abroad of frozen whole fish decreased by -1.1% to 87K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +10.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 33% against the previous year. As a result, imports attained the peak of 88K tons, and then contracted in the following year.
In value terms, frozen whole fish imports reached $120M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.7% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 37% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Import of Frozen Whole Fish in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 21.1 | 19.2 | 25.9 | 29.5 | 11.8% |
| Morocco | 12.7 | 13.7 | 27.4 | 22.8 | 21.5% |
| Spain | 13.0 | 12.0 | 18.0 | 20.5 | 16.4% |
| Seychelles | 7.6 | 9.0 | 21.0 | 16.5 | 29.5% |
| Iceland | 6.6 | 5.9 | 5.9 | 5.8 | -4.2% |
| Panama | 0.8 | 1.9 | 1.1 | 5.0 | 84.2% |
| Tanzania | N/A | N/A | N/A | 4.2 | 0% |
| Russia | 4.1 | 1.7 | 0.2 | N/A | -77.9% |
| Others | 13.5 | 18.4 | 12.9 | 15.3 | 4.3% |
| Total | 79.4 | 82.0 | 112 | 120 | 14.8% |
Top Suppliers of Frozen Whole Fish to Turkey in 2022:
- Russia (undefinedK tons)
- Morocco (33.0K tons)
- Norway (16.6K tons)
- Spain (11.8K tons)
- Seychelles (9.4K tons)
- Iceland (2.8K tons)
- Panama (2.8K tons)
- Tanzania (2.4K tons)
This report provides an in-depth analysis of the frozen whole fish market in Turkey. 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.
Product coverage:
- Prodcom 10201330 - Frozen whole salt water fish
- Prodcom 10201360 - Frozen whole fresh water fish
- Prodcom 10201600 - Frozen fish livers and roes
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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