Container problem caused a decrease in Turkey's fishmeal and oil exports

Published 2022년 2월 5일

Tridge summary

In 2021, Turkey's fish meal and oil exports saw a significant decrease of 65 percent in quantity and 58 percent in value, dropping to 9,287 tons and revenue of $19.13 million from the previous year. This decline was primarily due to the global container shortage, which hindered shipments to key markets such as Vietnam, Denmark, and France. Despite demand for fish flour and oil, the high transportation costs and container unavailability led to a decrease in exports, with most activity occurring in Trabzon. The situation is part of a larger global problem caused by China's failure to return containers, leading to increased demand and higher transportation costs, negatively impacting international trade.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Exports of fish meal and oil from Turkey in 2021 decreased by 65 percent in quantity and 58 percent in value, compared to the previous year, due to the shortage of containers faced by exporters as a global problem. According to the information compiled by Anadolu Agency from the data of the Eastern Black Sea Exporters' Association (DKİB), 9,287 tons of fish meal and oil were sold from Turkey last year. A revenue of 19 million 134 thousand 283 dollars was obtained from foreign sales to 31 countries. Compared with the sales of 26 thousand 333 tons in 2020 and the revenue of 45 million 823 thousand 716 dollars in the same area, the 2021 figures were recorded as a 65 percent decrease in quantity and 58 percent in value. The most important reason for the decrease in exports was the inability to send products to countries such as Vietnam, Denmark and France, which make high purchases, due to the container problem last year. Most fishmeal and oil sold to Peru Peru, Norway, Israel, ...

Source: Sondakika