Iran: Frozen Freshwater Fish Market 2024

Frozen Freshwater Fish Market Size in Iran

In 2021, the Iranian frozen freshwater fish market decreased by -48.5% to $X, falling for the fourth year in a row after three years of growth. In general, consumption showed a perceptible downturn. Frozen freshwater fish consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Frozen Freshwater Fish Production in Iran

In value terms, frozen freshwater fish production fell slightly to $X in 2021 estimated in export price. In general, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +3.8% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 27%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Frozen Freshwater Fish Exports

Exports from Iran

In 2021, overseas shipments of frozen freshwater fish increased by 76% to X tons, rising for the seventh consecutive year after two years of decline. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 382%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, frozen freshwater fish exports soared to $X in 2021. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 285% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

China (X tons), Thailand (X tons) and Malaysia (X tons) were the main destinations of frozen freshwater fish exports from Iran, together accounting for 62% of total exports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +325.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen freshwater fish exported from Iran were China ($X), Thailand ($X) and Malaysia ($X), with a combined 59% share of total exports.

Malaysia, with a CAGR of +339.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average frozen freshwater fish export price stood at $X per ton in 2021, growing by 20% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 58%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to the United Arab Emirates ($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 Taiwan (Chinese) (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Freshwater Fish Imports

Imports into Iran

In 2021, imports of frozen freshwater fish into Iran reduced rapidly to X tons, falling by -70.4% on 2020. Overall, imports showed a sharp downturn. The most prominent rate of growth was recorded in 2020 with an increase of 1,295%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, frozen freshwater fish imports declined rapidly to $X in 2021. Over the period under review, imports faced a dramatic decline. The most prominent rate of growth was recorded in 2020 with an increase of 1,342% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), China (X tons) and the United Arab Emirates (X tons) were the main suppliers of frozen freshwater fish imports to Iran, with a combined 100% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +291.2%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), Turkey ($X) and the United Arab Emirates ($X) constituted the largest frozen freshwater fish suppliers to Iran, with a combined 100% share of total imports.

Among the main suppliers, Turkey, with a CAGR of +192.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average frozen freshwater fish import price stood at $X per ton in 2021, dropping by -17.4% against the previous year. In general, the import price continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2014 an increase of 87% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+4.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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