Israel: Market for Fish Fillets and Other Fish Meat 2024

Market Size for Fish Fillets and Other Fish Meat in Israel

The Israeli market for fish fillets and other fish meat skyrocketed to $X in 2022, jumping by 37% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Fish Fillets and Other Fish Meat

Exports from Israel

For the third consecutive year, Israel recorded growth in overseas shipments of fish fillets and other fish meat, which increased by 153% to X tons in 2022. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 678%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of fish fillets and other fish meat skyrocketed to $X in 2022. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 1,000%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

China (X tons) was the main destination for exports of fish fillets and other fish meat from Israel, accounting for a 44% share of total exports. Moreover, exports of fish fillets and other fish meat to China exceeded the volume sent to the second major destination, Norway (X tons), twofold. The third position in this ranking was held by Argentina (X tons), with a 20% share.

From 2014 to 2022, the average annual rate of growth in terms of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+10.7% per year) and Argentina (+76.1% per year).

In value terms, the largest markets for fish fillets and other fish meat exported from Israel were Norway ($X), China ($X) and Argentina ($X), together accounting for 86% of total exports.

Argentina, with a CAGR of +74.4%, saw the highest growth rate of the value of exports, in terms of 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 export price for fish fillets and other fish meat stood at $X per ton in 2022, with a decrease of -25.8% against the previous year. In general, the export price, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 41% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+25.7%), while the prices for the other major destinations experienced a decline.

Imports of Fish Fillets and Other Fish Meat

Imports into Israel

In 2022, approx. X tons of fish fillets and other fish meat were imported into Israel; with an increase of 23% on the year before. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +15.4% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 28%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of fish fillets and other fish meat skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Norway (X tons) and Chile (X tons) were the main suppliers of imports of fish fillets and other fish meat to Israel, with a combined 70% share of total imports. Denmark, Vietnam, the Netherlands, Uganda, Argentina, Tanzania and Kenya lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +89.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fish fillets and other fish meat suppliers to Israel were Norway ($X), China ($X) and Chile ($X), with a combined 68% share of total imports. Denmark, the Netherlands, Vietnam, Uganda, Tanzania, Argentina and Kenya lagged somewhat behind, together accounting for a further 22%.

Denmark, with a CAGR of +92.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for fish fillets and other fish meat amounted to $X per ton, surging by 13% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fish fillets and other fish meat increased by +100.9% against 2015 indices. The pace of growth appeared the most rapid in 2017 an increase of 26%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 Netherlands ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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