Turkey: Market for Dried Or Salted Fish 2025

Market Size for Dried Or Salted Fish in Turkey

The Turkish dried or salted fish market rose rapidly to $X in 2021, surging by 11% against the previous year. Over the period under review, consumption, however, saw a noticeable downturn. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Dried Or Salted Fish in Turkey

In value terms, dried or salted fish production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2017 with an increase of 21%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Dried Or Salted Fish

Exports from Turkey

In 2021, overseas shipments of dried or salted fish decreased by -81.3% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports showed a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 25,843%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, dried or salted fish exports dropped rapidly to $X in 2021. In general, exports showed a deep setback. The pace of growth was the most pronounced in 2014 with an increase of 16,948% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Cyprus (X tons) was the main destination for dried or salted fish exports from Turkey, with a 35% share of total exports. Moreover, dried or salted fish exports to Cyprus exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), threefold. Liberia (X kg) ranked third in terms of total exports with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cyprus stood at +52.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+54.6% per year) and Liberia (+27.9% per year).

In value terms, the largest markets for dried or salted fish exported from Turkey were the United Arab Emirates ($X), Cyprus ($X) and Liberia ($X), with a combined 61% share of total exports. These countries were followed by the United States, Malta, Hong Kong SAR, Norway, Singapore, the UK, Bahamas, Marshall Islands, Panama and France, which together accounted for a further 31%.

Among the main countries of destination, Bahamas, with a CAGR of +365.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average dried or salted fish export price amounted to $X per ton, with an increase of 175% against the previous year. Overall, the export price enjoyed a tangible increase. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+37.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dried Or Salted Fish

Imports into Turkey

In 2021, approx. X tons of dried or salted fish were imported into Turkey; jumping by 9,010% against the previous year's figure. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, dried or salted fish imports soared to $X in 2021. Overall, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest dried or salted fish supplier to Turkey, with a 87% share of total imports. Moreover, dried or salted fish imports from Spain exceeded the figures recorded by the second-largest supplier, Russia (X tons), eightfold. Norway (X kg) ranked third in terms of total imports with a 1.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+99.3% per year) and Norway (+39.2% per year).

In value terms, Spain ($X) constituted the largest supplier of dried or salted fish to Turkey, comprising 69% of total imports. The second position in the ranking was held by Russia ($X), with a 28% share of total imports. It was followed by Norway, with a 2.3% share.

From 2012 to 2021, the average annual growth rate of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+71.2% per year) and Norway (+15.8% per year).

Import Prices by Country

The average dried or salted fish import price stood at $X per ton in 2021, dropping by -67.6% against the previous year. In general, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 200% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Russia ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+28.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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