Turkey: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2024

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Turkey

The Turkish seafood meals and pellets market surged to $X in 2021, picking up by 83% against the previous year. In general, consumption showed a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Turkey

In value terms, seafood meals and pellets production reduced to $X in 2021 estimated in export price. In general, production, however, continues to indicate a resilient expansion. The growth pace was the most rapid in 2013 when the production volume increased by 150% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from Turkey

In 2021, overseas shipments of flours, meals and pellets of fish or of crustaceans and molluscs decreased by -43.6% to X tons, falling for the second year in a row after four years of growth. In general, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2014 with an increase of 265%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, seafood meals and pellets exports fell rapidly to $X in 2021. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 214%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Denmark (X tons), Vietnam (X tons) and Israel (X tons) were the main destinations of seafood meals and pellets exports from Turkey, with a combined 89% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +32.9%), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Vietnam ($X) and Israel ($X) appeared to be the largest markets for seafood meals and pellets exported from Turkey worldwide, together comprising 89% of total exports.

Vietnam, with a CAGR of +32.1%, saw 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 seafood meals and pellets export price stood at $X per ton in 2021, picking up by 13% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 23%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, the countries with the highest prices were Israel ($X per ton) and Denmark ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into Turkey

In 2021, the amount of flours, meals and pellets of fish or of crustaceans and molluscs imported into Turkey surged to X tons, rising by 70% on the previous year's figure. Overall, imports showed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, seafood meals and pellets imports surged to $X in 2021. Over the period under review, imports posted a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Morocco (X tons) constituted the largest supplier of seafood meals and pellets to Turkey, accounting for a 56% share of total imports. Moreover, seafood meals and pellets imports from Morocco exceeded the figures recorded by the second-largest supplier, South Africa (X tons), sevenfold. Mauritania (X tons) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Morocco totaled +58.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+14.3% per year) and Mauritania (+49.5% per year).

In value terms, Morocco ($X) constituted the largest supplier of flours, meals and pellets of fish or of crustaceans and molluscs to Turkey, comprising 54% of total imports. The second position in the ranking was taken by South Africa ($X), with a 9% share of total imports. It was followed by Mauritania, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value from Morocco stood at +57.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+15.7% per year) and Mauritania (+49.0% per year).

Import Prices by Country

In 2021, the average seafood meals and pellets import price amounted to $X per ton, increasing by 12% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 16% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Iceland ($X per ton) and South Africa ($X per ton), while the price for Spain ($X per ton) and Morocco ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Georgia (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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