Iran: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2024

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Iran

The Iranian seafood meals and pellets market fell to $X in 2021, approximately equating the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Iran

In value terms, seafood meals and pellets production amounted to $X in 2021 estimated in export price. In general, the total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.5% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 72% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from Iran

In 2021, exports of flours, meals and pellets of fish or of crustaceans and molluscs from Iran soared to X tons, increasing by 226% compared with 2020 figures. Overall, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 1,241%. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, seafood meals and pellets exports surged to $X in 2021. In general, exports showed a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons), Georgia (X tons) and Azerbaijan (X tons) were the main destinations of seafood meals and pellets exports from Iran, with a combined 97% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +41.5%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) emerged as the key foreign market for flours, meals and pellets of fish or of crustaceans and molluscs exports from Iran, comprising 69% of total exports. The second position in the ranking was taken by Georgia ($X), with a 30% share of total exports. It was followed by Sri Lanka, with a 0.8% share.

From 2012 to 2021, the average annual growth rate of value to Turkey totaled +47.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+12.1% per year) and Sri Lanka (0.0% per year).

Export Prices by Country

In 2021, the average seafood meals and pellets export price amounted to $X per ton, surging by 55% against the previous year. Over the period under review, the export price showed a noticeable expansion. The growth pace was the most rapid in 2015 an increase of 176% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per ton), while the average price for exports to Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into Iran

In 2021, imports of flours, meals and pellets of fish or of crustaceans and molluscs into Iran expanded modestly to X tons, increasing by 4.1% on the previous year. Over the period under review, imports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 when imports increased by 291% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, seafood meals and pellets imports expanded remarkably to $X in 2021. In general, imports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of 273%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Denmark (X tons), China (X tons) and South Korea (X tons) were the main suppliers of seafood meals and pellets imports to Iran, with a combined 85% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +58.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), China ($X) and Denmark ($X) constituted the largest seafood meals and pellets suppliers to Iran, together accounting for 80% of total imports.

China, with a CAGR of +37.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average seafood meals and pellets import price stood at $X per ton in 2021, surging by 6.3% against the previous year. Overall, the import price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 29% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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