MENA: Market for Fresh Or Chilled Anchovies 2025

Market Size for Fresh Or Chilled Anchovies in MENA

The MENA's fresh or chilled anchovies market declined to $X in 2021, which is down by -9.7% against the previous year. Overall, consumption continues to indicate a noticeable decrease. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Fresh Or Chilled Anchovies in MENA

In value terms, fresh or chilled anchovies production shrank to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a noticeable downturn. The growth pace was the most rapid in 2020 when the production volume increased by 19% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Fresh Or Chilled Anchovies

Exports in MENA

In 2021, shipments abroad of fresh or chilled anchovieses was finally on the rise to reach X tons after three years of decline. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2016 with an increase of 336%. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, fresh or chilled anchovies exports soared to $X in 2021. In general, exports saw a perceptible increase. The most prominent rate of growth was recorded in 2016 with an increase of 181%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Oman dominates exports structure, resulting at X tons, which was near 96% of total exports in 2021. The following exporters - Morocco (X tons) and Turkey (X tons) - each reached a 3.7% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to fresh or chilled anchovies exports from Oman stood at +31.9%. At the same time, Morocco (+63.6%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in MENA, with a CAGR of +63.6% from 2012-2021. By contrast, Turkey (-3.7%) illustrated a downward trend over the same period. While the share of Oman (+19 p.p.) and Morocco (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Turkey (-19.9 p.p.) displayed negative dynamics.

In value terms, Oman ($X) remains the largest fresh or chilled anchovies supplier in MENA, comprising 59% of total exports. The second position in the ranking was held by Morocco ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Oman was relatively modest. In the other countries, the average annual rates were as follows: Morocco (+59.9% per year) and Turkey (+8.1% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, which is down by -23.1% against the previous year. In general, the export price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the export price increased by 78% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by Turkey (+12.2%), while the other leaders experienced a decline in the export price figures.

Imports of Fresh Or Chilled Anchovies

Imports in MENA

In 2021, fresh or chilled anchovies imports in MENA contracted markedly to X tons, with a decrease of -41.3% on the previous year. In general, imports recorded a pronounced slump. The growth pace was the most rapid in 2015 when imports increased by 309%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, fresh or chilled anchovies imports skyrocketed to $X in 2021. Over the period under review, imports, however, posted pronounced growth. The most prominent rate of growth was recorded in 2015 with an increase of 564% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Morocco (X tons) and the United Arab Emirates (X tons) dominates imports structure, together committing 95% of total imports. Turkey (X tons) and Qatar (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Qatar (with a CAGR of +50.7%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Morocco ($X) constitutes the largest market for imported fresh or chilled anchovieses in MENA, comprising 80% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 9.8% share of total imports. It was followed by Qatar, with a 5.4% share.

In Morocco, fresh or chilled anchovies imports plunged by an average annual rate of -14.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (-10.8% per year) and Qatar (+73.0% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, jumping by 194% against the previous year. In general, the import price showed a prominent expansion. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Qatar ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+14.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform