MENA: Frozen Fish Fillet Market 2024

Frozen Fish Fillet Market Size in MENA

The MENA's frozen fish fillet market rose markedly to $X in 2023, with an increase of X% against the previous year. Overall, consumption, however, continues to indicate significant growth. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Frozen Fish Fillet Production in MENA

In value terms, frozen fish fillet production expanded sharply to $X in 2023 estimated in export price. Overall, production, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Frozen Fish Fillet Exports

Exports in MENA

In 2023, after two years of growth, there was decline in overseas shipments of frozen fish fillet, when their volume decreased by X% to X tons. Over the period under review, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2022, and then reduced in the following year.

In value terms, frozen fish fillet exports amounted to $X in 2023. Overall, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2022 with an increase of X%. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in years to come.

Exports by Country

Turkey (X tons) and Tunisia (X tons) dominates exports structure, together achieving X% of total exports. It was distantly followed by Morocco (X tons), comprising an X% share of total exports. The following exporters - the United Arab Emirates (X tons), Libya (X tons) and Algeria (X tons) - together made up X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Algeria (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest frozen fish fillet supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Tunisia ($X), with a X% share of total exports. It was followed by Morocco, with a X% share.

In Turkey, frozen fish fillet exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Tunisia (X% per year) and Morocco (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, surging by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Algeria ($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.

Frozen Fish Fillet Imports

Imports in MENA

After two years of growth, purchases abroad of frozen fish fillet decreased by X% to X tons in 2023. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X%. The volume of import peaked at X tons in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, frozen fish fillet imports reduced dramatically to $X in 2023. Total imports indicated pronounced 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then fell significantly in the following year.

Imports by Country

Israel dominates imports structure, finishing at X tons, which was approx. X% of total imports in 2023. Egypt (X tons) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%), Saudi Arabia (X%) and Turkey (X%). The following importers - Jordan (X tons) and Kuwait (X tons) - together made up X% of total imports.

Israel was also the fastest-growing in terms of the frozen fish fillet imports, with a CAGR of X% from 2012 to 2023. At the same time, Egypt (X%) displayed positive paces of growth. By contrast, Kuwait (X%), Saudi Arabia (X%), Turkey (X%), Jordan (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Israel (X p.p.) and Egypt (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Saudi Arabia (X p.p.), Turkey (X p.p.), Jordan (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Israel, frozen 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 Egypt (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2023, remaining relatively unchanged against the previous year. Import price indicated a noticeable expansion from 2012 to 2023: its price 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, frozen fish fillet import price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2022 an increase of X%. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

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 ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform