Egypt: Frozen Fish Market 2024

Frozen Fish Market Size in Egypt

In 2022, the Egyptian frozen fish market decreased by X% to $X, falling for the third year in a row after three years of growth. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Frozen Fish Production in Egypt

In value terms, frozen fish production amounted to $X in 2022 estimated in export price. In general, production, however, recorded prominent growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Frozen Fish Exports

Exports from Egypt

After two years of growth, overseas shipments of frozen fish decreased by X% to X tons in 2022. In general, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then declined notably in the following year.

In value terms, frozen fish exports dropped sharply to $X in 2022. Over the period under review, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at $X in 2021, and then contracted notably in the following year.

Exports by Country

Russia (X tons), Palestine (X tons) and Israel (X tons) were the main destinations of frozen fish exports from Egypt, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen fish exported from Egypt were Russia ($X), Palestine ($X) and Israel ($X), together accounting for X% of total exports. Bahrain, Canada, the United Arab Emirates and Kuwait lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Canada, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, the average frozen fish export price amounted to $X per ton, surging by X% against the previous year. In general, the export price posted a modest increase. The growth pace was the most rapid in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Palestine ($X per ton), while the average price for exports to Kuwait ($X 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 Jordan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Imports

Imports into Egypt

In 2022, supplies from abroad of frozen fish decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen fish imports reduced slightly to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Norway (X tons), the Netherlands (X tons) and Oman (X tons) were the main suppliers of frozen fish imports to Egypt, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), the Netherlands ($X) and Vietnam ($X) appeared to be the largest frozen fish suppliers to Egypt, together accounting for X% of total imports. Ireland, Japan, Oman, Spain, China and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Oman, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen fish import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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