MENA: Preserved Fish Fillet Market 2024

Preserved Fish Fillet Market Size in MENA

In 2023, the MENA's preserved fish fillet market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Overall, consumption, however, saw a noticeable reduction. As a result, consumption reached the peak level of $X, and then declined markedly in the following year.

Preserved Fish Fillet Production in MENA

In value terms, preserved fish fillet production contracted dramatically to $X in 2023 estimated in export price. In general, production, however, saw a pronounced slump. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then fell markedly in the following year.

Preserved Fish Fillet Exports

Exports in MENA

In 2023, shipments abroad of fish fillets (dried, salted or in brine, but not smoked) decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, recorded a strong increase. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, preserved fish fillet exports contracted notably to $X in 2023. Overall, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Oman represented the largest exporter of fish fillets (dried, salted or in brine, but not smoked) in MENA, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2023. Turkey (X tons) ranks second in terms of the total exports with a X% share, followed by Tunisia (X%), Yemen (X%) and Morocco (X%).

From 2012 to 2023, average annual rates of growth with regard to preserved fish fillet exports from Oman stood at X%. At the same time, Turkey (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. By contrast, Yemen (X%) and Morocco (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Turkey, Morocco, Tunisia and Oman increased by X, X, X and X percentage points, respectively.

In value terms, Tunisia ($X) emerged as the largest preserved fish fillet supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Morocco ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Tunisia amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Morocco (X% per year) and Oman (X% per year).

Export Prices by Country

In 2023, the export price in MENA amounted to $X per ton, shrinking by X% against the previous year. In general, the export price, however, enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced a decline in the export price figures.

Preserved Fish Fillet Imports

Imports in MENA

For the fourth year in a row, MENA recorded decline in overseas purchases of fish fillets (dried, salted or in brine, but not smoked), which decreased by X% to X tons in 2023. Overall, imports showed a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

In value terms, preserved fish fillet imports fell remarkably to $X in 2023. In general, imports showed a perceptible shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Tunisia (X tons) was the major importer of fish fillets (dried, salted or in brine, but not smoked), constituting X% of total imports. It was distantly followed by Saudi Arabia (X tons), Israel (X tons), Kuwait (X tons) and the United Arab Emirates (X tons), together committing a X% share of total imports. Qatar (X tons) followed a long way behind the leaders.

Tunisia experienced a relatively flat trend pattern with regard to volume of imports of fish fillets (dried, salted or in brine, but not smoked). At the same time, Saudi Arabia (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. By contrast, Kuwait (X%), Israel (X%), the United Arab Emirates (X%) and Qatar (X%) illustrated a downward trend over the same period. Tunisia (X p.p.), Saudi Arabia (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates and Qatar saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest preserved fish fillet importing markets in MENA were Tunisia ($X), Israel ($X) and Saudi Arabia ($X), with a combined X% share of total imports.

Among the main importing countries, Tunisia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, rising by X% against the previous year. Import price indicated measured growth 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, preserved fish fillet import price increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum in 2023 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: 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 Qatar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform