Turkey: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in Turkey

In 2021, the Turkish battered fish fillet market decreased by -99.9% to $X for the first time since 2014, thus ending a six-year rising trend. In general, consumption showed a sharp descent. Over the period under review, the market attained the maximum level at $X in 2020, and then shrank significantly in the following year.

Battered Fish Fillet Production in Turkey

In value terms, battered fish fillet production dropped significantly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a precipitous decline. The growth pace was the most rapid in 2013 when the production volume increased by 18% against the previous year. Battered fish fillet production peaked at $X in 2020, and then shrank significantly in the following year.

Battered Fish Fillet Exports

Exports from Turkey

In 2021, overseas shipments of fish fillets in batter or breadcrumbs decreased by -9.8% to X tons, falling for the eighth year in a row after two years of growth. Overall, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 12,154%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, battered fish fillet exports contracted to $X in 2021. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 13,419% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for battered fish fillet exports from Turkey, accounting for a 95% share of total exports. It was followed by Cyprus (X tons), with a 1.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Italy amounted to -24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (-8.2% per year) and Germany (-56.0% per year).

In value terms, Italy ($X) remains the key foreign market for fish fillets in batter or breadcrumbs exports from Turkey, comprising 94% of total exports. The second position in the ranking was taken by Cyprus ($X), with a 1.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy stood at -24.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (-9.2% per year) and Germany (-58.0% per year).

Export Prices by Country

The average battered fish fillet export price stood at $X per ton in 2021, rising by 3% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 10%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Germany ($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 Italy (-1.0%), while the prices for the other major destinations experienced a decline.

Battered Fish Fillet Imports

Imports into Turkey

In 2021, approx. X tons of fish fillets in batter or breadcrumbs were imported into Turkey; reducing by -71.5% on 2020 figures. In general, imports faced a sharp downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 102% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, battered fish fillet imports dropped markedly to $X in 2021. Overall, imports continue to indicate a sharp decrease. The pace of growth was the most pronounced in 2014 with an increase of 121%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) was the main battered fish fillet supplier to Turkey, accounting for a 99.9% share of total imports. It was followed by Spain (X kg), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands totaled +35.9%.

In value terms, the Netherlands ($X) constituted the largest supplier of fish fillets in batter or breadcrumbs to Turkey, comprising 99.9% of total imports. The second position in the ranking was held by Spain ($X), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at +34.3%.

Import Prices by Country

In 2021, the average battered fish fillet import price amounted to $X per ton, waning by -6.9% against the previous year. In general, the import price saw a perceptible decrease. The pace of growth was the most pronounced in 2014 an increase of 41% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Spain stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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