MENA: Market for Frozen Fish and Seafood 2024

Market Size for Frozen Fish and Seafood in MENA

The MENA's frozen fish and seafood market totaled $X in 2023, with an increase of X% against the previous year. In general, consumption, however, enjoyed a strong increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Production of Frozen Fish and Seafood in MENA

In value terms, frozen fish and seafood production stood at $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate prominent growth. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Exports of Frozen Fish and Seafood

Exports in MENA

In 2023, approx. X tons of frozen fish and seafood were exported in MENA; surging by X% on the previous year. Overall, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the immediate term.

In value terms, frozen fish and seafood exports shrank to $X in 2023. Over the period under review, exports saw resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2022, and then contracted slightly in the following year.

Exports by Country

Morocco represented the key exporting country with an export of around X tons, which finished at X% of total exports. Oman (X tons) held the second position in the ranking, distantly followed by Turkey (X tons), Iran (X tons) and Yemen (X tons). All these countries together took near X% share of total exports. The following exporters - the United Arab Emirates (X tons) and Tunisia (X tons) - each resulted at a X% share of total exports.

Exports from Morocco increased at an average annual rate of X% from 2012 to 2023. At the same time, Iran (X%), Oman (X%), Turkey (X%), the United Arab Emirates (X%), Tunisia (X%) and Yemen (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Oman, Turkey and Iran increased by X, X and X percentage points, respectively.

In value terms, Morocco ($X) remains the largest frozen fish and seafood supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Oman, with an X% share.

In Morocco, frozen fish and seafood exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Oman (X% per year).

Export Prices by Country

In 2023, the export price in MENA amounted to $X per ton, falling by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Yemen (X%), while the other leaders experienced more modest paces of growth.

Imports of Frozen Fish and Seafood

Imports in MENA

Frozen fish and seafood imports reduced modestly to X tons in 2023, remaining relatively unchanged against the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, frozen fish and seafood imports contracted slightly to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of import peaked at $X in 2019; however, from 2020 to 2023, imports failed to regain momentum.

Imports by Country

Egypt represented the key importing country with an import of about X tons, which resulted at X% of total imports. It was distantly followed by Turkey (X tons), the United Arab Emirates (X tons), Morocco (X tons), Tunisia (X tons), Israel (X tons) and Saudi Arabia (X tons), together generating a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to frozen fish and seafood imports into Egypt stood at X%. At the same time, Morocco (X%), Tunisia (X%), Turkey (X%), the United Arab Emirates (X%) and Israel (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. Morocco (X p.p.), Turkey (X p.p.), Tunisia (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total imports, while Saudi Arabia and Egypt saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest frozen fish and seafood importing markets in MENA were Egypt ($X), the United Arab Emirates ($X) and Israel ($X), together accounting for X% of total imports. Morocco, Turkey, Saudi Arabia and Tunisia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Morocco, with a CAGR of X%, saw the highest growth rate of 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

The import price in MENA stood at $X per ton in 2023, dropping by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import price attained the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Israel ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform