MENA: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2024

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in MENA

The MENA's seafood meals and pellets market expanded rapidly to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in years to come.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in MENA

In value terms, seafood meals and pellets production expanded sharply to $X in 2022 estimated in export price. Overall, production, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports in MENA

In 2022, approx. X tons of flours, meals and pellets of fish or of crustaceans and molluscs were exported in MENA; surging by X% compared with the previous year. In general, exports showed resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, seafood meals and pellets exports soared to $X in 2022. Over the period under review, exports posted a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

In 2022, Morocco (X tons) represented the largest exporter of flours, meals and pellets of fish or of crustaceans and molluscs, constituting X% of total exports. It was distantly followed by Oman (X tons), committing a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to seafood meals and pellets exports from Morocco stood at X%. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. Oman (X p.p.) significantly strengthened its position in terms of the total exports, while Morocco saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Morocco ($X) remains the largest seafood meals and pellets supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Oman ($X), with a X% share of total exports.

In Morocco, seafood meals and pellets exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per ton), while Oman totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%).

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports in MENA

In 2022, supplies from abroad of flours, meals and pellets of fish or of crustaceans and molluscs was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports posted a resilient expansion. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, seafood meals and pellets imports surged to $X in 2022. Over the period under review, imports showed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey prevails in imports structure, amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by Saudi Arabia (X tons), constituting a X% share of total imports. Egypt (X tons) held a minor share of total imports.

Turkey was also the fastest-growing in terms of the flours, meals and pellets of fish or of crustaceans and molluscs imports, with a CAGR of X% from 2012 to 2022. Saudi Arabia experienced a relatively flat trend pattern. Egypt (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey increased by X percentage points.

In value terms, Turkey ($X) constitutes the largest market for imported flours, meals and pellets of fish or of crustaceans and molluscs in MENA, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total imports.

In Turkey, seafood meals and pellets imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Egypt (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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