Tunisia: Market for Fish Fillets and Other Fish Meat 2024

Market Size for Fish Fillets and Other Fish Meat in Tunisia

After two years of decline, the Tunisian market for fish fillets and other fish meat increased by 765% to $X in 2022. Overall, consumption, however, saw a significant contraction. 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.

Exports of Fish Fillets and Other Fish Meat

Exports from Tunisia

In 2022, overseas shipments of fish fillets and other fish meat increased by 176% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, exports saw a strong increase. The growth pace was the most rapid in 2016 with an increase of 277% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of fish fillets and other fish meat skyrocketed to $X in 2022. In general, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2016 when exports increased by 298% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X tons), Australia (X tons) and South Korea (X tons) were the main destinations of exports of fish fillets and other fish meat from Tunisia, with a combined 96% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +34,073.2%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), South Korea ($X) and Singapore ($X) constituted the largest markets for fish fillets and other fish meat exported from Tunisia worldwide, together accounting for 89% of total exports.

Australia, with a CAGR of +100,211.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for fish fillets and other fish meat stood at $X per ton in 2022, reducing by -3.9% against the previous year. Overall, the export price, however, continues to indicate a strong expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by 48%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Libya ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+193.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fillets and Other Fish Meat

Imports into Tunisia

In 2022, purchases abroad of fish fillets and other fish meat was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, continue to indicate a abrupt decrease. Over the period under review, imports of hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of fish fillets and other fish meat soared to $X in 2022. Overall, imports, however, saw a abrupt decrease. Over the period under review, imports of attained the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of fish fillets and other fish meat to Tunisia, with a 66% share of total imports. Moreover, imports of fish fillets and other fish meat from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Spain (X tons), fivefold. The third position in this ranking was held by Vietnam (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled +37.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+3.6% per year) and Vietnam (-24.7% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of fish fillets and other fish meat to Tunisia, comprising 65% of total imports. The second position in the ranking was held by Spain ($X), with a 15% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled +36.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+18.8% per year) and Italy (+27.2% per year).

Import Prices by Country

The average import price for fish fillets and other fish meat stood at $X per ton in 2022, with a decrease of -20% against the previous year. Over the period under review, import price indicated a remarkable 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, import price for fish fillets and other fish meat increased by +26.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 58%. As a result, import price attained the peak level of $X per ton, and then shrank sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+30.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform