MENA: Frozen Whole Fish Market 2024

Frozen Whole Fish Market Size in MENA

The MENA's frozen whole fish market was finally on the rise to reach $X in 2023, after three years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Frozen Whole Fish Production in MENA

In value terms, frozen whole fish production rose sharply to $X in 2023 estimated in export price. In general, production continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Frozen Whole Fish Exports

Exports in MENA

In 2023, the amount of frozen whole fish exported in MENA rose significantly to X tons, with an increase of X% against 2022 figures. In general, exports saw buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, frozen whole fish exports amounted to $X in 2023. Overall, exports saw a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in the near future.

Exports by Country

In 2023, Morocco (X tons) was the key exporter of frozen whole fish, achieving X% of total exports. Oman (X tons) held the second position in the ranking, distantly followed by Turkey (X tons), Yemen (X tons) and Iran (X tons). All these countries together held near X% share of total exports. The United Arab Emirates (X tons) followed a long way behind the leaders.

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

In value terms, the largest frozen whole fish supplying countries in MENA were Turkey ($X), Morocco ($X) and Oman ($X), together accounting for X% of total exports. Yemen, Iran and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Iran, with a CAGR of X%, saw the highest growth rate of 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

In 2023, the export price in MENA amounted to $X per ton, waning by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

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

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

Frozen Whole Fish Imports

Imports in MENA

In 2023, after three years of decline, there was significant growth in supplies from abroad of frozen whole fish, when their volume increased by X% to X tons. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, frozen whole fish imports expanded remarkably to $X in 2023. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Egypt (X tons) was the major importer of frozen whole fish, comprising X% of total imports. Turkey (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (X%), Tunisia (X%), Morocco (X%) and Saudi Arabia (X%). Jordan (X tons) took a little share of total imports.

Egypt experienced a relatively flat trend pattern with regard to volume of imports of frozen whole fish. At the same time, Morocco (X%), Tunisia (X%), Turkey (X%), the United Arab Emirates (X%) and Jordan (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. Turkey (X p.p.), Morocco (X p.p.), Tunisia (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total imports, while Egypt and Saudi Arabia 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, Egypt ($X) constitutes the largest market for imported frozen whole fish in MENA, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with an X% share.

In Egypt, frozen whole fish imports remained relatively stable over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2023, waning by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

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 Jordan ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Jordan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform