Middle East: Fresh Fish Fillet Market 2024

Fresh Fish Fillet Market Size in the Middle East

The Middle Eastern fresh fish fillet market dropped slightly to $X in 2023, with a decrease of X% against the previous year. The total consumption indicated a temperate 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 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market failed to regain momentum.

Fresh Fish Fillet Production in the Middle East

In value terms, fresh fish fillet production reached $X in 2023 estimated in export price. Over the period under review, production continues to indicate a notable increase. The growth pace was the most rapid 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 the Middle East

In 2023, the amount of fresh or chilled fish fillets exported in the Middle East rose notably to X tons, increasing by X% against the previous year. Over the period under review, exports recorded strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the immediate term.

In value terms, fresh fish fillet exports expanded significantly to $X in 2023. In general, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are likely to see steady growth in years to come.

Exports by Country

Turkey dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2023. The United Arab Emirates (X tons) took a minor share of total exports.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Turkey totaled X%.

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per ton, falling by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2022, and then contracted 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 totaled $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 the Middle East

In 2023, approx. X tons of fresh or chilled fish fillets were imported in the Middle East; which is down by X% compared with the previous year. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, fresh fish fillet imports dropped to $X in 2023. In general, imports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2022, and then fell in the following year.

Imports by Country

Israel dominates imports structure, amounting to X tons, which was approx. X% of total imports in 2023. It was distantly followed by the United Arab Emirates (X tons), achieving 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. While the share of Israel (X p.p.) and Iraq (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Israel, fresh fish fillet imports increased at an average annual rate of X% over the period from 2012-2023. 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 the Middle East stood at $X per ton in 2023, increasing by X% against the previous year. In general, the import price showed a strong increase. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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