Norway: Preserved Mackerel Market 2024

Preserved Mackerel Market Size in Norway

After two years of growth, the Norwegian preserved mackerel market decreased by -2.2% to $X in 2021. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020, and then fell in the following year.

Preserved Mackerel Production in Norway

In value terms, preserved mackerel production amounted to $X in 2021 estimated in export price. In general, production recorded a pronounced contraction. The most prominent rate of growth was recorded in 2019 when the production volume increased by 141%. Preserved mackerel production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Preserved Mackerel Exports

Exports from Norway

In 2021, preserved mackerel exports from Norway surged to X tons, increasing by 79% on 2020 figures. Overall, exports, however, recorded a deep slump. The pace of growth was the most pronounced in 2019 when exports increased by 178% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, preserved mackerel exports skyrocketed to $X in 2021. Over the period under review, exports, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2019 when exports increased by 129% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for preserved mackerel exports from Norway, with a 54% share of total exports. Moreover, preserved mackerel exports to Japan exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. Singapore (X tons) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume to Japan stood at +115.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+3.1% per year) and Singapore (+8.1% per year).

In value terms, Japan ($X) emerged as the key foreign market for mackerel (prepared or preserved) exports from Norway, comprising 41% of total exports. The second position in the ranking was taken by Singapore ($X), with a 15% share of total exports. It was followed by the Netherlands, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Japan totaled +132.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+10.5% per year) and the Netherlands (-1.8% per year).

Export Prices by Country

The average preserved mackerel export price stood at $X per ton in 2021, flattening at the previous year. Over the period under review, the export price saw a perceptible setback. The growth pace was the most rapid in 2017 an increase of 51%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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 Germany ($X per ton), while the average price for exports to Japan ($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 Poland (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Mackerel Imports

Imports into Norway

In 2021, the amount of mackerel (prepared or preserved) imported into Norway reduced to X tons, declining by -12.9% compared with 2020 figures. In general, imports saw a mild decline. The pace of growth was the most pronounced in 2013 with an increase of 13%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, preserved mackerel imports contracted notably to $X in 2021. Over the period under review, imports recorded a noticeable reduction. The most prominent rate of growth was recorded in 2019 with an increase of 18% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Sweden (X tons) constituted the largest preserved mackerel supplier to Norway, with a 89% share of total imports. Moreover, preserved mackerel imports from Sweden exceeded the figures recorded by the second-largest supplier, Poland (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Sweden totaled -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+44.5% per year) and the UK (-1.9% per year).

In value terms, Sweden ($X) constituted the largest supplier of mackerel (prepared or preserved) to Norway, comprising 88% of total imports. The second position in the ranking was taken by Poland ($X), with a 7.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden totaled -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+43.6% per year) and the UK (-3.2% per year).

Import Prices by Country

The average preserved mackerel import price stood at $X per ton in 2021, reducing by -3.5% against the previous year. Overall, the import price saw a mild slump. The most prominent rate of growth was recorded in 2017 an increase of 12% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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