MENA: Fresh Fish Fillet Market 2024

Fresh Fish Fillet Market Size in MENA

The MENA's fresh fish fillet market fell slightly to $X in 2023, therefore, remained relatively stable against the previous year. The total consumption indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market attained the peak level at $X in 2021; afterwards, it flattened through to 2023.

Fresh Fish Fillet Production in MENA

In value terms, fresh fish fillet production expanded to $X in 2023 estimated in export price. Over the period under review, production, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2023, production growth remained at a lower figure.

Fresh Fish Fillet Exports

Exports in MENA

For the third consecutive year, MENA recorded growth in shipments abroad of fresh or chilled fish fillets, which increased by X% to X tons in 2023. Overall, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked in 2023 and is expected to retain growth in years to come.

In value terms, fresh fish fillet exports expanded significantly to $X in 2023. In general, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked in 2023 and is expected to retain growth in years to come.

Exports by Country

Turkey prevails in exports structure, reaching X tons, which was near X% of total exports in 2023. The United Arab Emirates (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the fresh or chilled fish fillets exports, with a CAGR of X% from 2012 to 2023. The United Arab Emirates (X%) illustrated a downward trend over the same period. Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Turkey ($X) remains the largest fresh fish fillet supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

In Turkey, fresh fish fillet exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, dropping by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then fell slightly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Fresh Fish Fillet Imports

Imports in MENA

In 2023, the amount of fresh or chilled fish fillets imported in MENA contracted to X tons, waning by X% compared with the previous year. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, fresh fish fillet imports contracted to $X in 2023. In general, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then dropped in the following year.

Imports by Country

Israel dominates imports structure, resulting at X tons, which was approx. X% of total imports in 2023. It was distantly followed by the United Arab Emirates (X tons), comprising a X% share of total imports. The following importers - Qatar (X tons), Turkey (X tons), Iraq (X tons), Jordan (X tons) and Oman (X tons) - together made up X% of total imports.

Israel was also the fastest-growing in terms of the fresh or chilled fish fillets imports, with a CAGR of X% from 2012 to 2023. At the same time, Iraq (X%), Turkey (X%) and Oman (X%) displayed positive paces of growth. The United Arab Emirates and Qatar experienced a relatively flat trend pattern. By contrast, Jordan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Israel and Iraq increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) constitutes the largest market for imported fresh or chilled fish fillets in MENA, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Israel stood at X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Turkey (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2023, surging by X% against the previous year. In general, the import price enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform