We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Report MENA - Fish Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

MENA - Fish Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

MENA: Market for Fish Fats And Oils 2024

Market Size for Fish Fats And Oils in MENA

The MENA's fish fat and oil market totaled $X in 2022, growing by 3.4% against the previous year. Over the period under review, consumption, however, saw resilient growth. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Production of Fish Fats And Oils in MENA

In value terms, fish fat and oil production stood at $X in 2022 estimated in export price. Overall, production recorded a prominent increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 27% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Fish Fats And Oils

Exports in MENA

In 2022, the amount of fish fats and oils exported in MENA surged to X tons, with an increase of 92% compared with 2021. Overall, exports posted strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 128% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, fish fat and oil exports soared to $X in 2022. Over the period under review, exports enjoyed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Morocco (X tons) represented the major exporter of fish fats and oils, achieving 56% of total exports. It was distantly followed by Oman (X tons) and Turkey (X tons), together comprising a 42% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fish fat and oil exports from Morocco stood at +6.5%. At the same time, Oman (+67.4%) and Turkey (+13.9%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in MENA, with a CAGR of +67.4% from 2012-2022. While the share of Oman (+26 p.p.) and Turkey (+3.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Morocco (-29.3 p.p.) displayed negative dynamics.

In value terms, Morocco ($X) remains the largest fish fat and oil supplier in MENA, comprising 61% of total exports. The second position in the ranking was held by Oman ($X), with a 21% share of total exports.

In Morocco, fish fat and oil exports increased at an average annual rate of +12.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Oman (+81.3% per year) and Turkey (+21.4% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, with an increase of 34% against the previous year. Over the last decade, it increased at an average annual rate of +4.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+8.3%), while the other leaders experienced more modest paces of growth.

Imports of Fish Fats And Oils

Imports in MENA

Fish fat and oil imports skyrocketed to X tons in 2022, increasing by 19% on the previous year's figure. Over the period under review, imports posted strong growth. The pace of growth was the most pronounced in 2018 with an increase of 41% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, fish fat and oil imports soared to $X in 2022. Overall, imports continue to indicate strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey dominates imports structure, accounting for X tons, which was approx. 96% of total imports in 2022. Oman (X tons) followed a long way behind the leaders.

Imports into Turkey increased at an average annual rate of +11.4% from 2012 to 2022. At the same time, Oman (+49.1%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in MENA, with a CAGR of +49.1% from 2012-2022. Turkey (+3.9 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported fish fats and oils in MENA, comprising 91% of total imports. The second position in the ranking was taken by Oman ($X), with a 0.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to +12.6%.

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, surging by 35% against the previous year. Overall, the import price saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while Oman totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.1%).

Source: IndexBox Platform

This report provides an in-depth analysis of the market for fish fat and oil in MENA. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 10411200 - Fats and oils and their fractions of fish or marine mammals (excluding chemically modified)

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in MENA, split by region and country
  • Trade (exports and imports) in MENA
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Algeria
    • Bahrain
    • Djibouti
    • Egypt
    • Iran
    • Iraq
    • Israel
    • Jordan
    • Kuwait
    • Lebanon
    • Libya
    • Morocco
    • Oman
    • Palestine
    • Qatar
    • Saudi Arabia
    • Syrian Arab Republic
    • Tunisia
    • Turkey
    • United Arab Emirates
    • Yemen

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

Recommended reports

Asia - Fish Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 424

This report provides an in-depth analysis of the market for fish fat and oil in Asia.

U.S. - Fish Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 408

This report provides an in-depth analysis of the market for fish fat and oil in the U.S..

China - Fish Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 336

This report provides an in-depth analysis of the market for fish fat and oil in China.

EU - Fish Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 632

This report provides an in-depth analysis of the market for fish fat and oil in the EU.

World - Fish Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 633

This report provides an in-depth analysis of the global market for fish fat and oil.

Free Data: Fats And Oils And Their Fractions Of Fish Or Marine Mammals - MENA
Table
Fats And Oils And Their Fractions Of Fish Or Marine Mammals - MENA - Table
Dashboard
Fats And Oils And Their Fractions Of Fish Or Marine Mammals - MENA - Dashboard
Report
Fats And Oils And Their Fractions Of Fish Or Marine Mammals - MENA - Report