EU: Preserved Mackerel Market 2024

Preserved Mackerel Market Size in the EU

The EU preserved mackerel market shrank modestly to $X in 2021, remaining constant against the previous year. Overall, consumption, however, recorded mild growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Preserved Mackerel Production in the EU

In value terms, preserved mackerel production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 14% against the previous year. The level of production peaked at $X in 2020, and then shrank slightly in the following year.

Preserved Mackerel Exports

Exports in the EU

In 2021, after six years of growth, there was decline in shipments abroad of mackerel (prepared or preserved), when their volume decreased by -2.1% to X tons. The total export volume increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 7% against the previous year. The volume of export peaked at X tons in 2020, and then declined in the following year.

In value terms, preserved mackerel exports fell to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 10%. The level of export peaked at $X in 2020, and then declined in the following year.

Exports by Country

The biggest shipments were from Portugal (X tons), Denmark (X tons) and Latvia (X tons), together resulting at 53% of total export. Poland (X tons) held the next position in the ranking, followed by the Netherlands (X tons), Spain (X tons), Sweden (X tons), Belgium (X tons) and France (X tons). All these countries together held approx. 37% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +38.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved mackerel supplying countries in the European Union were Portugal ($X), Denmark ($X) and Latvia ($X), together accounting for 51% of total exports. Poland, the Netherlands, France, Spain, Belgium and Sweden lagged somewhat behind, together accounting for a further 41%.

Among the main exporting countries, Belgium, with a CAGR of +37.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, waning by -2.1% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 9.2%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+9.0%), while the other leaders experienced more modest paces of growth.

Preserved Mackerel Imports

Imports in the EU

In 2021, imports of mackerel (prepared or preserved) in the European Union contracted modestly to X tons, leveling off at the previous year. Over the period under review, imports showed a mild curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 20% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, preserved mackerel imports amounted to $X in 2021. Overall, imports recorded a slight contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 15% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Italy (X tons), France (X tons), the Netherlands (X tons) and Spain (X tons) represented roughly 58% of total imports in 2021. Romania (X tons) held a 7% share (based on physical terms) of total imports, which put it in second place, followed by Sweden (5.9%) and Belgium (4.6%). Germany (X tons), Denmark (X tons), Austria (X tons), Portugal (X tons), Ireland (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Netherlands (with a CAGR of +18.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved mackerel importing markets in the European Union were Italy ($X), the Netherlands ($X) and France ($X), together comprising 52% of total imports. Spain, Sweden, Belgium, Romania, Germany, Austria, Portugal, Denmark, the Czech Republic and Ireland lagged somewhat behind, together accounting for a further 42%.

Portugal, with a CAGR of +21.0%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, growing by 3.9% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 9.4% against the previous year. Over the period under review, import prices attained the maximum in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Portugal ($X per ton), while Ireland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+16.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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