Northern America: Preserved Mackerel Market 2024

Preserved Mackerel Market Size in Northern America

The North American preserved mackerel market amounted to $X in 2021, with an increase of 9.1% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.1% 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 -8.6% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Preserved Mackerel Production in Northern America

In value terms, preserved mackerel production expanded remarkably to $X in 2021 estimated in export price. In general, production posted a strong increase. The pace of growth was the most pronounced in 2018 with an increase of 34% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Preserved Mackerel Exports

Exports in Northern America

In 2021, preserved mackerel exports in Northern America shrank remarkably to X tons, which is down by -22.1% on 2020 figures. Over the period under review, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 52% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, preserved mackerel exports declined notably to $X in 2021. Overall, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 70%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada represented the largest exporting country with an export of about X tons, which finished at 65% of total exports. It was distantly followed by the United States (X tons), constituting a 35% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of -1.8%).

In value terms, the United States ($X) and Canada ($X) appeared to be the countries with the highest levels of exports in 2021.

Canada, with a CAGR of -3.6%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, with a decrease of -20.7% against the previous year. Export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the export price increased by 23%. The level of export peaked at $X per ton in 2020, and then dropped markedly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.8%).

Preserved Mackerel Imports

Imports in Northern America

In 2021, imports of mackerel (prepared or preserved) in Northern America declined to X tons, which is down by -14.2% on 2020. The total import volume increased at an average annual rate of +1.2% 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 2020 when imports increased by 19% against the previous year. As a result, imports reached the peak of X tons, and then declined in the following year.

In value terms, preserved mackerel imports shrank to $X in 2021. Total imports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +63.4% against 2013 indices. The most prominent rate of growth was recorded in 2015 with an increase of 15% against the previous year. Over the period under review, imports attained the maximum at $X in 2020, and then fell in the following year.

Imports by Country

The United States prevails in imports structure, reaching X tons, which was approx. 90% of total imports in 2021. It was distantly followed by Canada (X tons), constituting a 9% share of total imports.

The United States was also the fastest-growing in terms of the mackerel (prepared or preserved) imports, with a CAGR of +1.2% from 2012 to 2021. At the same time, Canada (+1.1%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported mackerel (prepared or preserved) in Northern America, comprising 88% of total imports. The second position in the ranking was held by Canada ($X), with a 10% share of total imports.

In the United States, preserved mackerel imports expanded at an average annual rate of +1.6% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, with an increase of 11% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 18%. Over the period under review, import prices attained the maximum in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.9%).

Source: IndexBox Platform

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