Israel: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in Israel

The Israeli battered fish fillet market totaled $X in 2021, remaining stable against the previous year. Over the period under review, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -10.1% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Battered Fish Fillet Production in Israel

In value terms, battered fish fillet production amounted to $X in 2021 estimated in export price. Overall, production enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 56%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Battered Fish Fillet Exports

Exports from Israel

In 2021, shipments abroad of fish fillets in batter or breadcrumbs increased by 2,498% to X tons, rising for the fourth year in a row after four years of decline. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, battered fish fillet exports skyrocketed to $X in 2021. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for battered fish fillet exports from Israel, accounting for a 95% share of total exports. It was followed by Canada (X tons), with a 2.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +26.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+123.0% per year) and Australia (+71.8% per year).

In value terms, the United States ($X) remains the key foreign market for fish fillets in batter or breadcrumbs exports from Israel, comprising 95% of total exports. The second position in the ranking was held by Canada ($X), with a 2.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +37.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+126.5% per year) and Australia (+66.4% per year).

Export Prices by Country

In 2021, the average battered fish fillet export price amounted to $X per ton, approximately mirroring the previous year. Overall, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, battered fish fillet export price increased by +19.0% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of 62%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then declined in the following year.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Australia ($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 the United States (+8.3%), while the prices for the other major destinations experienced mixed trend patterns.

Battered Fish Fillet Imports

Imports into Israel

In 2021, after two years of decline, there was significant growth in overseas purchases of fish fillets in batter or breadcrumbs, when their volume increased by 36% to X tons. Overall, imports, however, showed a precipitous descent. The growth pace was the most rapid in 2018 with an increase of 93%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, battered fish fillet imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of 106% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest battered fish fillet supplier to Israel, with a 48% share of total imports. Moreover, battered fish fillet imports from China exceeded the figures recorded by the second-largest supplier, Denmark (X tons), fourfold. The third position in this ranking was taken by Vietnam (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+27.4% per year) and Vietnam (+45.2% per year).

In value terms, China ($X) constituted the largest supplier of fish fillets in batter or breadcrumbs to Israel, comprising 48% of total imports. The second position in the ranking was held by Denmark ($X), with a 13% share of total imports. It was followed by Vietnam, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+24.9% per year) and Vietnam (+46.3% per year).

Import Prices by Country

The average battered fish fillet import price stood at $X per ton in 2021, picking up by 2.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.5%. The pace of growth appeared the most rapid in 2014 an increase of 27%. The import price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Vietnam ($X per ton) and Argentina ($X per ton), while the price for Thailand ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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