Scandinavia: Preserved Mackerel Market 2024

Preserved Mackerel Market Size in Scandinavia

The Scandinavia preserved mackerel market skyrocketed to $X in 2021, growing by 16% against the previous year. The total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +94.6% against 2018 indices. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the immediate term.

Preserved Mackerel Production in Scandinavia

In value terms, preserved mackerel production expanded sharply to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 68% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Preserved Mackerel Exports

Exports in Scandinavia

In 2021, overseas shipments of mackerel (prepared or preserved) decreased by -14.8% to X tons, falling for the second year in a row after two years of growth. In general, exports showed a pronounced curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by 36% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, preserved mackerel exports contracted sharply to $X in 2021. Overall, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2019 when exports increased by 50% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Denmark represented the main exporter of mackerel (prepared or preserved) in Scandinavia, with the volume of exports recording X tons, which was near 77% of total exports in 2021. It was distantly followed by Sweden (X tons), committing a 23% share of total exports.

Denmark was also the fastest-growing in terms of the mackerel (prepared or preserved) exports, with a CAGR of -3.6% from 2012 to 2021. Sweden (-3.6%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) remains the largest preserved mackerel supplier in Scandinavia, comprising 77% of total exports. The second position in the ranking was held by Sweden ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Denmark totaled -5.6%.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, reducing by -1.5% against the previous year. Overall, the export price recorded a perceptible descent. The pace of growth appeared the most rapid in 2019 an increase of 10% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while Sweden stood at $X per ton.

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

Preserved Mackerel Imports

Imports in Scandinavia

In 2021, imports of mackerel (prepared or preserved) in Scandinavia reduced to X tons, falling by -11.5% compared with the previous year's figure. Overall, imports saw a noticeable decrease. The most prominent rate of growth was recorded in 2013 with an increase of 38% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, preserved mackerel imports fell to $X in 2021. In general, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2013 when imports increased by 21%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Norway (X tons) and Sweden (X tons) represented roughly 79% of total imports in 2021. It was distantly followed by Denmark (X tons), comprising a 19% share of total imports. Finland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Norway (with a CAGR of -1.7%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest preserved mackerel importing markets in Scandinavia were Norway ($X), Sweden ($X) and Denmark ($X), with a combined 98% share of total imports.

In terms of the main importing countries, Norway, with a CAGR of -3.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, leveling off at the previous year. Overall, the import price saw a slight decrease. The pace of growth appeared the most rapid in 2019 an increase of 11%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Finland ($X per ton) and Norway ($X per ton), while Denmark ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (-1.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform