Price for Smoked Fish, Incl. Fillets in Turkey - 2023

Contents:

1. Price for Smoked Fish, Incl. Fillets in Turkey (FOB) - 2023
2. Price for Smoked Fish, Incl. Fillets in Turkey (CIF) - 2022
3. Exports of Smoked Fish, Incl. Fillets in Turkey
4. Imports of Smoked Fish, Incl. Fillets in Turkey

Price for Smoked Fish, Incl. Fillets in Turkey (FOB) - 2023

In July 2023, the average smoked fish, incl. fillets export price amounted to $12,623 per ton, increasing by 1.9% against the previous month. In general, export price indicated a moderate increase from July 2022 to July 2023: its price increased at an average monthly rate of +3.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, smoked fish, incl. fillets export price increased by +1.9% against June 2023 indices. The pace of growth was the most pronounced in February 2023 when the average export price increased by 17% m-o-m. Over the period under review, the average export prices reached the peak figure in July 2023.

Average prices varied noticeably for the major overseas markets. In July 2023, the country with the highest price was Germany ($12,740 per ton), while the average price for exports to the Netherlands amounted to $10,779 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.6%).

Price for Smoked Fish, Incl. Fillets in Turkey (CIF) - 2022

The average smoked fish, incl. fillets import price stood at $11,026 per ton in 2022, approximately equating the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 74% against the previous year. The import price peaked at $20,929 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($28,000 per ton), while the price for Vietnam ($6,200 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Smoked Fish, Incl. Fillets in Turkey

In 2022, the amount of smoked fish, incl. fillets exported from Turkey dropped modestly to 4.3K tons, declining by -2% against the previous year's figure. Overall, exports showed a slight decline. The most prominent rate of growth was recorded in 2021 with an increase of 1.6% against the previous year.

In value terms, smoked fish, incl. fillets exports contracted to $38M in 2022. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 3.8% against the previous year. As a result, the exports reached the peak of $40M, and then reduced in the following year.

Top Export Markets for Smoked Fish, Incl. Fillets from Turkey in 2022:

1. Germany (3.9K tons)
2. Netherlands (0.2K tons)

Imports of Smoked Fish, Incl. Fillets in Turkey

In 2022, imports of smoked fish, incl. fillets into Turkey skyrocketed to 4.3 tons, with an increase of 19% against the year before. In general, imports, however, continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 83%.

In value terms, smoked fish, incl. fillets imports soared to $48K in 2022. Over the period under review, imports, however, continue to indicate a precipitous setback. The growth pace was the most rapid in 2021 with an increase of 218%.

Top Suppliers of Smoked Fish, Incl. Fillets to Turkey in 2022:

1. Netherlands (3.3 tons)
2. South Korea (1.0 tons)
3. Vietnam (0.1 tons)

Source: IndexBox Market Intelligence Platform