Middle East: Frozen Fish Fillet Market 2024

Frozen Fish Fillet Market Size in the Middle East

The Middle Eastern frozen fish fillet market soared to $X in 2022, picking up by 19% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +49.1% against 2020 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Frozen Fish Fillet Production in the Middle East

In value terms, frozen fish fillet production shrank rapidly to $X in 2022 estimated in export price. In general, production saw a significant increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 203% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Frozen Fish Fillet Exports

Exports in the Middle East

In 2022, after two years of decline, there was significant growth in overseas shipments of frozen fish fillet, when their volume increased by 13% to X tons. In general, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 48%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, frozen fish fillet exports soared to $X in 2022. Over the period under review, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2015 when exports increased by 35% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Turkey prevails in exports structure, amounting to X tons, which was approx. 87% of total exports in 2022. It was distantly followed by Oman (X tons), constituting a 4.9% share of total exports. The United Arab Emirates (X tons) took a little share of total exports.

Turkey was also the fastest-growing in terms of the frozen fish fillet exports, with a CAGR of +17.2% from 2012 to 2022. At the same time, Oman (+14.1%) displayed positive paces of growth. By contrast, the United Arab Emirates (-2.0%) illustrated a downward trend over the same period. Turkey (+20 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -12.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest frozen fish fillet supplier in the Middle East, comprising 94% of total exports. The second position in the ranking was taken by Oman ($X), with a 2.5% share of total exports.

In Turkey, frozen fish fillet exports expanded at an average annual rate of +16.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Oman (+14.7% per year) and the United Arab Emirates (+2.8% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, rising by 15% against the previous year. Export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen fish fillet export price increased by +82.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 27% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.9%), while the other leaders experienced mixed trends in the export price figures.

Frozen Fish Fillet Imports

Imports in the Middle East

In 2022, imports of frozen fish fillet in the Middle East declined to X tons, shrinking by -5.2% against 2021. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 23%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, frozen fish fillet imports skyrocketed to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +46.4% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by 33%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Israel was the major importer of frozen fish fillet in the Middle East, with the volume of imports amounting to X tons, which was approx. 64% of total imports in 2022. The United Arab Emirates (X tons) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (5.9%) and Qatar (4.9%). The following importers - Jordan (X tons), Kuwait (X tons) and Lebanon (X tons) - each accounted for a 6.3% share of total imports.

Imports into Israel increased at an average annual rate of +5.9% from 2012 to 2022. At the same time, Qatar (+18.9%) and the United Arab Emirates (+1.7%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +18.9% from 2012-2022. By contrast, Turkey (-2.6%), Kuwait (-3.4%), Lebanon (-8.3%) and Jordan (-8.7%) illustrated a downward trend over the same period. While the share of Israel (+23 p.p.) and Qatar (+3.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkey (-2.8 p.p.), Lebanon (-3.1 p.p.) and Jordan (-4.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) constitutes the largest market for imported frozen fish fillet in the Middle East, comprising 75% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an 11% share of total imports. It was followed by Turkey, with a 4.4% share.

In Israel, frozen fish fillet imports expanded at an average annual rate of +11.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+0.9% per year) and Turkey (-0.8% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, growing by 30% against the previous year. Import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen fish fillet import price increased by +85.3% against 2016 indices. As a result, import price reached 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 ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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