Turkey - Frozen Fish - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Price in Turkey - 2023
Contents:
- Frozen Fish Price in Turkey (FOB) - 2022
- Frozen Fish Price in Turkey (CIF) - 2022
- Frozen Fish Exports in Turkey
- Frozen Fish Imports in Turkey
Frozen Fish Price in Turkey (FOB) - 2022
The average frozen fish export price stood at $6,842 per ton in 2022, with an increase of 17% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($10,774 per ton), while the average price for exports to Jordan ($3,866 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Fish Price in Turkey (CIF) - 2022
In 2022, the average frozen fish import price amounted to $1,557 per ton, surging by 18% against the previous year. In general, the import price, however, saw a pronounced slump. The import price peaked at $2,040 per ton in 2012; however, from 2013 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 the United States ($18,080 per ton), while the price for Morocco ($691 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+36.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Frozen Fish Exports in Turkey
In 2022, approx. 92K tons of frozen fish were exported from Turkey; growing by 29% compared with 2021 figures. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, frozen fish exports soared to $628M in 2022. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Frozen Fish in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 38.8 | 68.1 | 138 | 219 | 78.0% |
| United Kingdom | 34.5 | 43.3 | 69.6 | 82.7 | 33.8% |
| Italy | 29.7 | 39.5 | 47.2 | 46.7 | 16.3% |
| Vietnam | 8.8 | 5.3 | 12.8 | 36.5 | 60.7% |
| Japan | 3.4 | 3.3 | 6.3 | 36.2 | 120.0% |
| Germany | 26.4 | 25.6 | 28.7 | 30.1 | 4.5% |
| United States | 6.2 | 8.7 | 19.5 | 23.4 | 55.7% |
| Netherlands | 26.5 | 27.1 | 16.3 | 20.8 | -7.8% |
| Thailand | 0.3 | 1.0 | 0.4 | 13.0 | 251.2% |
| France | 7.4 | 5.5 | 7.0 | 9.1 | 7.1% |
| Jordan | 5.2 | 8.5 | 9.1 | 8.7 | 18.7% |
| Romania | 4.5 | 3.0 | 5.2 | 6.9 | 15.3% |
| Libya | 5.8 | 6.5 | 4.7 | 3.6 | -14.7% |
| Others | 42.9 | 31.5 | 49.8 | 91.1 | 28.5% |
| Total | 240 | 277 | 415 | 628 | 37.8% |
Top Export Markets for Frozen Fish from Turkey in 2022:
- Russia (34.8K tons)
- United Kingdom (7.7K tons)
- Germany (5.9K tons)
- Italy (5.7K tons)
- Vietnam (5.3K tons)
- Japan (4.7K tons)
- Netherlands (3.3K tons)
- United States (2.6K tons)
- Jordan (2.3K tons)
- Thailand (1.8K tons)
- France (1.6K tons)
- Romania (1.5K tons)
- Libya (0.9K tons)
Frozen Fish Imports in Turkey
In 2022, the amount of frozen fish imported into Turkey stood at 93K tons, increasing by 4% compared with 2021 figures. The total import volume increased at an average annual rate of +8.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 26%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, frozen fish imports surged to $145M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Fish in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 26.7 | 21.2 | 27.5 | 35.4 | 9.9% |
| Morocco | 12.8 | 13.7 | 27.4 | 22.8 | 21.2% |
| Spain | 13.0 | 12.0 | 18.1 | 21.1 | 17.5% |
| Iceland | 18.9 | 16.8 | 7.2 | 16.6 | -4.2% |
| Seychelles | 7.6 | 9.0 | 21.0 | 16.5 | 29.5% |
| Panama | 0.8 | 1.9 | 1.1 | 5.0 | 84.2% |
| Tanzania | 0.1 | N/A | N/A | 4.4 | 253.0% |
| Russia | 4.1 | 1.8 | 0.2 | N/A | -77.9% |
| Others | 22.7 | 22.4 | 16.3 | 23.5 | 1.2% |
| Total | 107 | 98.8 | 119 | 145 | 10.7% |
Top Suppliers of Frozen Fish to Turkey in 2022:
- Russia (undefinedK tons)
- Morocco (33.0K tons)
- Norway (17.9K tons)
- Spain (12.0K tons)
- Seychelles (9.4K tons)
- Iceland (5.3K tons)
- Panama (2.8K tons)
- Tanzania (2.5K tons)
This report provides an in-depth analysis of the frozen fish market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10201330 - Frozen whole salt water fish
- Prodcom 10201360 - Frozen whole fresh water fish
- Prodcom 10201400 - Frozen fish fillets
- Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
- Prodcom 10201600 - Frozen fish livers and roes
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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