MENA: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2025

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

The MENA's seafood meals and pellets market skyrocketed to $X in 2021, increasing by 24% against the previous year. The market value increased at an average annual rate of +6.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, seafood meals and pellets production contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 19%. The level of production peaked at $X in 2020, and then reduced modestly in the following year.

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

Exports in MENA

In 2021, after two years of growth, there was significant decline in shipments abroad of flours, meals and pellets of fish or of crustaceans and molluscs, when their volume decreased by -18.8% to X tons. Overall, exports, however, showed a buoyant expansion. The growth pace was the most rapid in 2014 when exports increased by 62% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020, and then reduced markedly in the following year.

In value terms, seafood meals and pellets exports contracted to $X in 2021. Over the period under review, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by 57% against the previous year. The level of export peaked at $X in 2020, and then declined in the following year.

Exports by Country

Morocco represented the largest exporter of flours, meals and pellets of fish or of crustaceans and molluscs in MENA, with the volume of exports recording X tons, which was near 76% of total exports in 2021. It was distantly followed by Oman (X tons), constituting an 18% share of total exports. Turkey (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

Exports from Morocco increased at an average annual rate of +4.9% from 2012 to 2021. At the same time, Oman (+57.6%), Turkey (+24.2%) and the United Arab Emirates (+8.3%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in MENA, with a CAGR of +57.6% from 2012-2021. While the share of Oman (+18 p.p.) and Turkey (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Morocco (-17.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) remains the largest seafood meals and pellets supplier in MENA, comprising 75% of total exports. The second position in the ranking was taken by Oman ($X), with a 19% share of total exports. It was followed by Turkey, with a 3.4% share.

In Morocco, seafood meals and pellets exports increased at an average annual rate of +6.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Oman (+65.2% per year) and Turkey (+24.4% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, increasing by 13% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Turkey ($X per ton) and Oman ($X per ton), while the United Arab Emirates ($X per ton) and Morocco ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+4.9%), while the other leaders experienced more modest paces of growth.

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

Imports in MENA

In 2021, seafood meals and pellets imports in MENA surged to X tons, rising by 56% compared with 2020 figures. In general, imports continue to indicate a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, seafood meals and pellets imports surged to $X in 2021. Over the period under review, imports enjoyed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey prevails in imports structure, finishing at X tons, which was approx. 94% of total imports in 2021. Saudi Arabia (X tons) held a minor share of total imports.

Turkey was also the fastest-growing in terms of the flours, meals and pellets of fish or of crustaceans and molluscs imports, with a CAGR of +16.7% from 2012 to 2021. Saudi Arabia (-2.8%) illustrated a downward trend over the same period. While the share of Turkey (+25 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Saudi Arabia (-9.3 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) constitutes the largest market for imported flours, meals and pellets of fish or of crustaceans and molluscs in MENA, comprising 93% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 3.5% share of total imports.

In Turkey, seafood meals and pellets imports expanded at an average annual rate of +16.8% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, picking up by 11% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 15%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Saudi Arabia ($X per ton), while Turkey stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+1.7%).

Source: IndexBox Platform