Italy: Preserved Mackerel Market 2024

Preserved Mackerel Market Size in Italy

In 2021, the Italian preserved mackerel market increased by 2% to $X, rising for the second year in a row after three years of decline. Overall, consumption showed a perceptible slump. The pace of growth was the most pronounced in 2020 with an increase of 9.9% against the previous year. Preserved mackerel consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Preserved Mackerel Production in Italy

In value terms, preserved mackerel production dropped dramatically to $X in 2021 estimated in export price. Overall, production faced a precipitous shrinkage. The pace of growth appeared the most rapid in 2018 when the production volume increased by 31% against the previous year. Preserved mackerel production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Preserved Mackerel Exports

Exports from Italy

In 2021, after two years of decline, there was significant growth in overseas shipments of mackerel (prepared or preserved), when their volume increased by 19% to X tons. Overall, exports saw strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by 131% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, preserved mackerel exports reduced slightly to $X in 2021. Over the period under review, exports showed prominent growth. The growth pace was the most rapid in 2013 with an increase of 79%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Albania (X tons) was the main destination for preserved mackerel exports from Italy, with a 39% share of total exports. Moreover, preserved mackerel exports to Albania exceeded the volume sent to the second major destination, Belgium (X tons), threefold. The third position in this ranking was taken by Austria (X tons), with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Albania amounted to +85.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+49.6% per year) and Austria (-4.9% per year).

In value terms, the largest markets for preserved mackerel exported from Italy were Belgium ($X), Austria ($X) and Slovenia ($X), with a combined 41% share of total exports. Albania, the Czech Republic, Greece, Croatia, Romania, Canada and Hungary lagged somewhat behind, together accounting for a further 40%.

The Czech Republic, with a CAGR of +109.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average preserved mackerel export price stood at $X per ton in 2021, reducing by -18.8% against the previous year. Overall, the export price recorded a perceptible decline. The growth pace was the most rapid in 2014 an increase of 44% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Albania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Mackerel Imports

Imports into Italy

In 2021, purchases abroad of mackerel (prepared or preserved) increased by 1.1% to X tons, rising for the third consecutive year after three years of decline. Overall, imports, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 21%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, preserved mackerel imports expanded remarkably to $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2013 when imports increased by 19%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Portugal (X tons), France (X tons) and Spain (X tons) were the main suppliers of preserved mackerel imports to Italy, together comprising 66% of total imports. Ecuador, China, Poland, the Czech Republic and Morocco lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +208.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved mackerel suppliers to Italy were Portugal ($X), France ($X) and Spain ($X), with a combined 79% share of total imports. These countries were followed by Ecuador, Poland, China, the Czech Republic and Morocco, which together accounted for a further 14%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +152.7%, 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 average preserved mackerel import price stood at $X per ton in 2021, increasing by 5.1% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2018 when the average import price increased by 13% against the previous year. 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 Portugal ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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