Turkey: 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 Turkey

The Turkish seafood meals and pellets market soared to $X in 2022, growing by X% against the previous year. Over the period under review, consumption showed a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, seafood meals and pellets production skyrocketed to $X in 2022 estimated in export price. In general, production, however, saw a significant increase. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Seafood meals and pellets production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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

Exports from Turkey

In 2022, overseas shipments of flours, meals and pellets of fish or of crustaceans and molluscs decreased by X% to X tons, falling for the third consecutive year after four years of growth. In general, exports, however, saw resilient growth. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, seafood meals and pellets exports surged to $X in 2022. Overall, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Israel (X tons), Belarus (X tons) and Azerbaijan (X tons) were the main destinations of seafood meals and pellets exports from Turkey, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Azerbaijan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Belarus ($X) and Azerbaijan ($X) were the largest markets for seafood meals and pellets exported from Turkey worldwide, together comprising X% of total exports.

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

Export Prices by Country

The average seafood meals and pellets export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Thailand ($X per ton) and Azerbaijan ($X per ton), while the average price for exports to Belarus ($X per ton) and Israel ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Turkey

In 2022, overseas purchases of flours, meals and pellets of fish or of crustaceans and molluscs increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2019 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, seafood meals and pellets imports skyrocketed to $X in 2022. Overall, imports enjoyed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Morocco (X tons) constituted the largest supplier of seafood meals and pellets to Turkey, with a X% share of total imports. Moreover, seafood meals and pellets imports from Morocco exceeded the figures recorded by the second-largest supplier, Georgia (X tons), fivefold. Oman (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Morocco amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Georgia (X% per year) and Oman (X% per year).

In value terms, Morocco ($X) constituted the largest supplier of flours, meals and pellets of fish or of crustaceans and molluscs to Turkey, comprising X% of total imports. The second position in the ranking was held by Georgia ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Morocco amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Georgia (X% per year) and Oman (X% per year).

Import Prices by Country

In 2022, the average seafood meals and pellets import price amounted to $X per ton, 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 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Georgia ($X per ton) and South Africa ($X per ton), while the price for Spain ($X per ton) and Morocco ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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