MENA: Market for Fish Fillets and Other Fish Meat 2025

Market Size for Fish Fillets and Other Fish Meat in MENA

The MENA's market for fish fillets and other fish meat dropped remarkably to $X in 2022, waning by -19.7% against the previous year. Overall, consumption, however, enjoyed a prominent increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Fish Fillets and Other Fish Meat in MENA

In value terms, production of fish fillets and other fish meat dropped rapidly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate significant growth. The pace of growth was the most pronounced in 2014 with an increase of 113%. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Fish Fillets and Other Fish Meat

Exports in MENA

In 2022, the amount of fish fillets and other fish meat exported in MENA skyrocketed to X tons, with an increase of 17% compared with the year before. Overall, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 30% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, exports of fish fillets and other fish meat soared to $X in 2022. In general, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 36%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Turkey was the largest exporting country with an export of around X tons, which recorded 74% of total exports. The United Arab Emirates (X tons) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by Morocco (5.3%). Bahrain (X tons), Algeria (X tons) and Oman (X tons) took a little share of total exports.

Exports from Turkey increased at an average annual rate of +14.5% from 2012 to 2022. At the same time, Algeria (+34.4%), Morocco (+15.1%), Bahrain (+13.6%) and the United Arab Emirates (+5.3%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing exporter exported in MENA, with a CAGR of +34.4% from 2012-2022. By contrast, Oman (-8.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, Algeria and Morocco increased by +22, +2.1 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest fish fillets and other fish meat supplier in MENA, comprising 90% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 4.3% share of total exports. It was followed by Morocco, with a 2.1% share.

From 2012 to 2022, the average annual growth rate of value in Turkey totaled +14.6%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+6.7% per year) and Morocco (+15.4% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, with an increase of 7.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2021 an increase of 15% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+2.7%), while the other leaders experienced more modest paces of growth.

Imports of Fish Fillets and Other Fish Meat

Imports in MENA

In 2022, approx. X tons of fish fillets and other fish meat were imported in MENA; stabilizing at the previous year. Overall, imports recorded a slight decline. The pace of growth was the most pronounced in 2014 with an increase of 39%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of fish fillets and other fish meat skyrocketed to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.9% 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 +43.2% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by 37% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

Israel represented the key importing country with an import of about X tons, which accounted for 54% of total imports. The United Arab Emirates (X tons) ranks second in terms of the total imports with a 16% share, followed by Egypt (6.8%) and Turkey (6.2%). The following importers - Qatar (X tons), Palestine (X tons) and Kuwait (X tons) - each accounted for a 6.3% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to fish fillets and other fish meat imports into Israel stood at +8.2%. At the same time, Palestine (+35.6%), Qatar (+6.8%), the United Arab Emirates (+3.5%) and Turkey (+1.0%) displayed positive paces of growth. Moreover, Palestine emerged as the fastest-growing importer imported in MENA, with a CAGR of +35.6% from 2012-2022. By contrast, Kuwait (-3.0%) and Egypt (-8.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Israel, the United Arab Emirates and Palestine increased by +33, +5.9 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) constitutes the largest market for imported fish fillets and other fish meat in MENA, comprising 71% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total imports. It was followed by Egypt, with a 5% share.

In Israel, imports of fish fillets and other fish meat expanded at an average annual rate of +15.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+4.0% per year) and Egypt (+3.8% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, growing by 23% against the previous year. In general, the import price recorded strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Palestine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+13.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform