Egypt: Preserved Mackerel Market 2024

Preserved Mackerel Market Size in Egypt

In 2021, the Egyptian preserved mackerel market was finally on the rise to reach $X after two years of decline. Over the period under review, the total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -36.8% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Preserved Mackerel Production in Egypt

In value terms, preserved mackerel production expanded slightly to $X in 2021 estimated in export price. Overall, the total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -35.4% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 46%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Preserved Mackerel Exports

Exports from Egypt

In 2021, after two years of growth, there was significant decline in shipments abroad of mackerel (prepared or preserved), when their volume decreased by -33.5% to X tons. Overall, exports, however, saw significant growth. The pace of growth was the most pronounced in 2013 with an increase of 1,775%. The exports peaked at X tons in 2020, and then plummeted in the following year.

In value terms, preserved mackerel exports dropped to $X in 2021. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 2,911% against the previous year. The exports peaked at $X in 2020, and then dropped in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for preserved mackerel exports from Egypt, accounting for a 80% share of total exports. Moreover, preserved mackerel exports to the United Arab Emirates exceeded the volume sent to the second major destination, Gambia (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at +44.9%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for mackerel (prepared or preserved) exports from Egypt, comprising 87% of total exports. The second position in the ranking was held by Gambia ($X), with a 0.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates amounted to +51.2%.

Export Prices by Country

The average preserved mackerel export price stood at $X per ton in 2021, with an increase of 28% against the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of 61%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Gambia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+4.3%).

Preserved Mackerel Imports

Imports into Egypt

Preserved mackerel imports into Egypt fell sharply to X tons in 2021, with a decrease of -47.1% compared with the previous year. In general, imports faced a significant decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 63% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, preserved mackerel imports contracted remarkably to $X in 2021. Overall, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by 47%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Thailand (X tons) was the main supplier of preserved mackerel to Egypt, with a 258% share of total imports. It was followed by Latvia (X tons), with a 4.8% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Thailand totaled -16.5%.

In value terms, Thailand ($X) constituted the largest supplier of mackerel (prepared or preserved) to Egypt, comprising 95% of total imports. The second position in the ranking was taken by Latvia ($X), with a 4.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Thailand totaled -16.8%.

Import Prices by Country

The average preserved mackerel import price stood at $X per ton in 2021, surging by 5% against the previous year. Overall, the import price saw a notable expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by 148%. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Latvia ($X per ton), while the price for Thailand totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+90.8%).

Source: IndexBox Platform

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