Turkey: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in Turkey

The Turkish market for frozen, dried and smoked fish amounted to $X in 2022, rising by X% against the previous year. In general, consumption, however, enjoyed strong growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Production of Frozen, Dried And Smoked Fish in Turkey

In value terms, frozen, dried and smoked fish production fell dramatically to $X in 2022 estimated in export price. In general, production recorded a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Frozen, dried and smoked fish production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Frozen, Dried And Smoked Fish

Exports from Turkey

For the seventh year in a row, Turkey recorded growth in shipments abroad of frozen, dried and smoked fish, which increased by X% to X tons in 2022. Overall, exports saw resilient growth. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, frozen, dried and smoked fish exports surged to $X in 2022. Over the period under review, exports recorded buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for frozen, dried and smoked fish exports from Turkey, accounting for a X% share of total exports. Moreover, frozen, dried and smoked fish exports to Russia exceeded the volume sent to the second major destination, Germany (X tons), fourfold. The third position in this ranking was taken by the UK (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the UK (X% per year).

In value terms, Russia ($X) remains the key foreign market for frozen, dried and smoked fish exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Germany (X% per year).

Export Prices by Country

The average export price for frozen, dried and smoked fish stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export 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 suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Jordan ($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 Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen, Dried And Smoked Fish

Imports into Turkey

In 2022, the amount of frozen, dried and smoked fish imported into Turkey expanded markedly to X tons, with an increase of X% compared with the previous year. In general, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2018 indices. The pace of growth was the most pronounced in 2015 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, frozen, dried and smoked fish imports soared to $X in 2022. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Morocco (X tons), Norway (X tons) and Spain (X tons) were the main suppliers of frozen, dried and smoked fish imports to Turkey, with a combined X% share of total imports. Seychelles, Iceland, Malaysia, Panama, Tanzania, India, Faroe Islands, Vietnam, Portugal and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Faroe Islands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen, dried and smoked fish suppliers to Turkey were Norway ($X), Malaysia ($X) and Morocco ($X), with a combined X% share of total imports. Spain, Iceland, Seychelles, Vietnam, India, Panama, Tanzania, Faroe Islands, Portugal and the United States lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Faroe Islands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for frozen, dried and smoked fish amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Morocco ($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 States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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