Report Update Nov 1, 2024

Saudi Arabia - Mackerel (Prepared or Preserved) - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Preserved Mackerel Market 2024

Preserved Mackerel Market Size in Saudi Arabia

After two years of growth, the Saudi preserved mackerel market decreased by -13.4% to $X in 2021. Over the period under review, consumption, however, posted prominent growth. Over the period under review, the market hit record highs at $X in 2020, and then dropped in the following year.

Preserved Mackerel Production in Saudi Arabia

In value terms, preserved mackerel production reduced to $X in 2021 estimated in export price. Overall, production, however, showed a strong increase. The pace of growth was the most pronounced in 2015 with an increase of 126% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then shrank in the following year.

Preserved Mackerel Exports

Exports from Saudi Arabia

For the tenth consecutive year, Saudi Arabia recorded growth in shipments abroad of mackerel (prepared or preserved), which increased by 135% to X tons in 2021. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 135% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, preserved mackerel exports surged to $X in 2021. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sudan (X tons) was the main destination for preserved mackerel exports from Saudi Arabia, with a approx. 151% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Sudan stood at +30.1%.

In value terms, Sudan ($X) also remains the key foreign market for mackerel (prepared or preserved) exports from Saudi Arabia.

From 2012 to 2021, the average annual growth rate of value to Sudan amounted to +44.0%.

Export Prices by Country

The average preserved mackerel export price stood at $X per ton in 2021, surging by 26% against the previous year. In general, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved mackerel export price increased by +65.8% against 2012 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for Sudan amounted to +10.7% per year.

Preserved Mackerel Imports

Imports into Saudi Arabia

In 2018, the amount of mackerel (prepared or preserved) imported into Saudi Arabia reduced remarkably to X tons, waning by -81.6% on the previous year. Overall, imports saw a dramatic setback. The growth pace was the most rapid in 2015 with an increase of 30% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2018, the growth of imports remained at a lower figure.

In value terms, preserved mackerel imports plummeted to $X in 2018. In general, imports showed a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 21% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2018, imports failed to regain momentum.

Imports by Country

Norway (X tons), Tunisia (X tons) and Japan (X kg) were the main suppliers of preserved mackerel imports to Saudi Arabia. Moreover, preserved mackerel imports in Norway exceeded the figures recorded by the second-largest supplier, Tunisia, more than tenfold.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of 0.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest preserved mackerel suppliers to Saudi Arabia were Norway ($X), Tunisia ($X) and Japan ($X). Moreover, preserved mackerel imports in Norway exceeded the figures recorded by the second-largest supplier, Tunisia, fivefold.

Among the main suppliers, Norway, with a CAGR of 0.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average preserved mackerel import price amounted to less than $X per ton, approximately equating the previous year. Overall, the import price showed a significant increase. The pace of growth appeared the most rapid in 2018 an increase of 186% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+13.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mackerel (prepared or preserved) in the world?

The countries with the highest volumes of preserved mackerel consumption in 2021 were China, the United States and India, with a combined 29% share of global consumption. These countries were followed by Japan, Indonesia, Bangladesh, Russia, Nigeria, Germany, Pakistan, Brazil, Norway and Egypt, which together accounted for a further 25%.

What are the largest producers of mackerel (prepared or preserved) in the world?

China remains the largest preserved mackerel producing country worldwide, comprising approx. 19% of total volume. Moreover, preserved mackerel production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was occupied by India, with a 5.7% share.

What are the leading suppliers of mackerel (prepared or preserved) to Saudi Arabia?

In value terms, Japan constituted the largest supplier of preserved mackerel to Saudi Arabia.

What are the leading importers of mackerel (prepared or preserved) from Saudi Arabia?

In value terms, Sudan remains the key foreign market for preserved mackerel exports from Saudi Arabia, comprising 2.1% of total exports. The second position in the ranking was occupied by Sri Lanka, with a 0.3% share of total exports.

What is the average export price for mackerel (prepared or preserved) in Saudi Arabia?

The average preserved mackerel export price stood at $5,281 per ton in 2020, picking up by 144% against the previous year.

What is the average import price for mackerel (prepared or preserved) in Saudi Arabia?

In 2018, the average preserved mackerel import price amounted to $14,300 per ton, growing by 118% against the previous year.

This report provides an in-depth analysis of the preserved mackerel market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10202550 - Prepared or preserved mackerel, whole or in pieces (excluding minced products and prepared meals and dishes)

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023