MENA: Molluscs Market 2024

Molluscs Market Size in MENA

The MENA's molluscs market amounted to $X in 2023, almost unchanged from the previous year. The total consumption indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level in 2023 and is likely to see steady growth in years to come.

Molluscs Production in MENA

In value terms, molluscs production rose slightly to $X in 2023 estimated in export price. The total production indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Molluscs Exports

Exports in MENA

In 2023, overseas shipments of molluscs (scallops, mussels, cuttle fish, squid and octopus) decreased by X% to X tons, falling for the second consecutive year after three years of growth. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, molluscs exports shrank slightly to $X in 2023. Total exports indicated a tangible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Morocco dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2023. Oman (X tons) ranks second in terms of the total exports with a X% share, followed by Yemen (X%). Tunisia (X tons) and Iran (X tons) held a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to molluscs exports from Morocco stood at X%. At the same time, Yemen (X%) and Oman (X%) displayed positive paces of growth. Moreover, Yemen emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. By contrast, Iran (X%) and Tunisia (X%) illustrated a downward trend over the same period. While the share of Morocco (X p.p.), Yemen (X p.p.) and Oman (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Iran (X p.p.) and Tunisia (X p.p.) displayed negative dynamics.

In value terms, Morocco ($X) remains the largest molluscs supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with a X% share of total exports. It was followed by Yemen, with a X% share.

In Morocco, molluscs exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Oman (X% per year) and Yemen (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, dropping by X% against the previous year. Export price indicated a pronounced expansion from 2012 to 2023: its price 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, molluscs export price decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

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

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

Molluscs Imports

Imports in MENA

Molluscs imports reached X tons in 2023, picking up by X% against the previous year's figure. Total imports indicated a notable expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked in 2023 and is likely to see gradual growth in the near future.

In value terms, molluscs imports fell to $X in 2023. In general, imports recorded notable growth. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

Morocco represented the largest importer of molluscs (scallops, mussels, cuttle fish, squid and octopus) in MENA, with the volume of imports reaching X tons, which was approx. X% of total imports in 2023. The United Arab Emirates (X tons) took the second position in the ranking, distantly followed by Turkey (X tons) and Egypt (X tons). All these countries together took near X% share of total imports. The following importers - Algeria (X tons), Israel (X tons) and Tunisia (X tons) - each resulted at a X% share of total imports.

Morocco was also the fastest-growing in terms of the molluscs (scallops, mussels, cuttle fish, squid and octopus) imports, with a CAGR of X% from 2012 to 2023. At the same time, Israel (X%) displayed positive paces of growth. Turkey experienced a relatively flat trend pattern. By contrast, Egypt (X%), Algeria (X%), the United Arab Emirates (X%) and Tunisia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Morocco increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) constitutes the largest market for imported molluscs (scallops, mussels, cuttle fish, squid and octopus) in MENA, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

In Morocco, molluscs imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, with a decrease of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

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

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

Source: IndexBox Platform