Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Israel - 2023

Contents:

  1. Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Israel (CIF) - 2022
  2. Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Israel (FOB) - 2022
  3. Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Israel
  4. Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Israel

Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Israel (CIF) - 2022

In 2022, the average import price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s amounted to $4,105 per ton, growing by 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2019 when the average import price increased by 16% against the previous year. As a result, import price attained the peak level of $4,154 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($4,105 per ton), while the price for South Africa amounted to $4,105 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Israel (FOB) - 2022

In 2022, the average export price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s amounted to $4,690 per ton, approximately mirroring the previous year. Over the period under review, the export price continues to indicate a temperate expansion. Over the period under review, the average export prices attained the maximum at $4,781 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Argentina.

From 2018 to 2022, the rate of growth in terms of prices for Argentina amounted to -2.7% per year.

Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Israel

For the fourth consecutive year, Israel recorded growth in overseas purchases of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s, which increased by 3.7% to 2.3K tons in 2022. The total import volume increased at an average annual rate of +7.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 12% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s soared to $9.4M in 2022. The total import value increased at an average annual rate of +6.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Israel (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Argentina4.94.84.17.113.2%
South Africa1.21.12.52.324.2%
China0.60.80.5N/A-8.7%
Uruguay0.60.40.6N/A0.0%
Others0.40.50.4N/A0.0%
Total7.87.78.19.46.4%

Top Suppliers of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) to Israel in 2022:

  1. Argentina (1.7K tons)
  2. South Africa (0.6K tons)

Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Israel

For the third year in a row, Israel recorded growth in shipments abroad of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s, which increased by 154% to 46 tons in 2022. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s surged to $216K in 2022. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Israel (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
Argentina66.884.021679.8%
Ukraine4.2N/AN/A0%
OthersN/AN/AN/A0%
Total71.084.021674.4%

Top Export Markets for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) from Israel in 2022:

  1. Argentina (46.1 tons)

Source: IndexBox Market Intelligence Platform

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