MENA: Preserved Mackerel Market 2024

Preserved Mackerel Market Size in MENA

For the third year in a row, the MENA's preserved mackerel market recorded decline in sales value, which decreased by -1.1% to $X in 2021. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Preserved Mackerel Production in MENA

In value terms, preserved mackerel production expanded notably to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 14%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Preserved Mackerel Exports

Exports in MENA

In 2021, the amount of mackerel (prepared or preserved) exported in MENA expanded significantly to X tons, increasing by 12% on the year before. In general, exports, however, continue to indicate a relatively flat trend pattern. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved mackerel exports stood at $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 13% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of mackerel (prepared or preserved), namely Morocco, represented more than two-thirds of total export.

Morocco experienced a relatively flat trend pattern with regard to volume of exports of mackerel (prepared or preserved). The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) also remains the largest preserved mackerel supplier in MENA.

From 2012 to 2021, the average annual rate of growth in terms of value in Morocco was relatively modest.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, waning by -1.6% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 12% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Morocco.

From 2012 to 2021, the rate of growth in terms of prices for Morocco amounted to -0.3% per year.

Preserved Mackerel Imports

Imports in MENA

In 2021, the amount of mackerel (prepared or preserved) imported in MENA surged to X tons, growing by 31% against the previous year. Overall, imports recorded a relatively flat trend pattern. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved mackerel imports surged to $X in 2021. In general, imports, however, saw a mild slump. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Yemen dominates imports structure, recording X tons, which was near 81% of total imports in 2021. It was distantly followed by the United Arab Emirates (X tons), constituting a 4.8% share of total imports. Egypt (X tons), Israel (X tons), Qatar (X tons), Palestine (X tons) and Morocco (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to preserved mackerel imports into Yemen stood at +24.9%. At the same time, Morocco (+34.7%), Qatar (+3.2%), Israel (+2.6%) and the United Arab Emirates (+1.9%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in MENA, with a CAGR of +34.7% from 2012-2021. By contrast, Palestine (-8.2%) and Egypt (-20.0%) illustrated a downward trend over the same period. Yemen (+70 p.p.) and Morocco (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while Palestine and Egypt saw its share reduced by -2.1% and -20.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Yemen ($X) constitutes the largest market for imported mackerel (prepared or preserved) in MENA, comprising 78% of total imports. The second position in the ranking was taken by Egypt ($X), with a 5.3% share of total imports. It was followed by the United Arab Emirates, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value in Yemen amounted to +21.5%. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (-16.8% per year) and the United Arab Emirates (+3.7% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, with an increase of 13% against the previous year. In general, the import price, however, showed a mild slump. The most prominent rate of growth was recorded in 2017 when the import price increased by 42%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform