MENA: Frozen Whole Fish Market 2024

Frozen Whole Fish Market Size in MENA

In 2023, after three years of decline, there was significant growth in the MENA's frozen whole fish market, when its value increased by X% to $X. In general, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Frozen Whole Fish Production in MENA

In value terms, frozen whole fish production amounted to $X in 2023 estimated in export price. In general, production saw resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

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Frozen Whole Fish Exports

Exports in MENA

In 2023, the amount of frozen whole fish exported in MENA rose modestly to X tons, increasing by X% compared with 2022. Over the period under review, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, frozen whole fish exports amounted to $X in 2023. In general, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The level of export peaked in 2023 and is likely to see gradual growth in the near future.

Exports by Country

Morocco represented the key exporting country with an export of around X tons, which reached X% of total exports. Oman (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (X%), Yemen (X%) and Iran (X%). The United Arab Emirates (X tons) held a minor share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Iran (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest frozen whole fish supplying countries in MENA were Turkey ($X), Morocco ($X) and Oman ($X), with a combined X% share of total exports. Iran, Yemen and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Iran, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in MENA amounted to $X per ton, declining by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced slightly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Morocco ($X per ton) was amongst the lowest.

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

Frozen Whole Fish Imports

Imports in MENA

In 2023, overseas purchases of frozen whole fish were finally on the rise to reach X tons for the first time since 2019, thus ending a three-year declining trend. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, frozen whole fish imports expanded notably to $X in 2023. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Egypt (X tons) represented the key importer of frozen whole fish, mixing up X% of total imports. It was distantly followed by Turkey (X tons), Tunisia (X tons), the United Arab Emirates (X tons), Morocco (X tons) and Saudi Arabia (X tons), together comprising a X% share of total imports. Jordan (X tons) followed a long way behind the leaders.

Imports into Egypt decreased at an average annual rate of X% from 2012 to 2023. At the same time, Morocco (X%), Tunisia (X%), Turkey (X%), the United Arab Emirates (X%) and Jordan (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Turkey, Morocco, Tunisia and the United Arab Emirates increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) constitutes the largest market for imported frozen whole fish in MENA, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

In Egypt, frozen whole fish imports remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Turkey (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, shrinking by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2023, the import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform