Ukraine: Preserved Mackerel Market 2024

Preserved Mackerel Market Size in Ukraine

In 2021, the Ukrainian preserved mackerel market decreased by -8.6% to $X, falling for the second year in a row after four years of growth. Overall, consumption recorded a abrupt decline. Preserved mackerel consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Preserved Mackerel Production in Ukraine

In value terms, preserved mackerel production rose to $X in 2021 estimated in export price. Overall, production saw a deep setback. The most prominent rate of growth was recorded in 2016 when the production volume increased by 142% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Preserved Mackerel Exports

Exports from Ukraine

After two years of growth, overseas shipments of mackerel (prepared or preserved) decreased by -1.6% to X tons in 2021. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 1,456%. Over the period under review, the exports hit record highs at X tons in 2020, and then shrank modestly in the following year.

In value terms, preserved mackerel exports totaled $X in 2021. In general, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 966% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Moldova (X tons), Uzbekistan (X tons) and the United States (X tons) were the main destinations of preserved mackerel exports from Ukraine, with a combined 79% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +168.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved mackerel exported from Ukraine were Moldova ($X), Uzbekistan ($X) and Germany ($X), with a combined 71% share of total exports. The United States, Israel, Georgia, Canada and Russia lagged somewhat behind, together accounting for a further 28%.

Among the main countries of destination, the United States, with a CAGR of +154.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average preserved mackerel export price amounted to $X per ton, with an increase of 13% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 112%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Russia ($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 Israel (+24.9%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Mackerel Imports

Imports into Ukraine

In 2021, purchases abroad of mackerel (prepared or preserved) decreased by -32.7% to X tons, falling for the second consecutive year after four years of growth. In general, imports recorded a slight contraction. The pace of growth was the most pronounced in 2019 when imports increased by 115% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, preserved mackerel imports shrank markedly to $X in 2021. Over the period under review, imports, however, saw a modest expansion. The pace of growth appeared the most rapid in 2016 with an increase of 142% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Latvia (X tons) constituted the largest supplier of preserved mackerel to Ukraine, accounting for a 88% share of total imports. Moreover, preserved mackerel imports from Latvia exceeded the figures recorded by the second-largest supplier, Belarus (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Latvia stood at +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+29.7% per year) and Poland (-33.7% per year).

In value terms, Latvia ($X) constituted the largest supplier of mackerel (prepared or preserved) to Ukraine, comprising 66% of total imports. The second position in the ranking was taken by Belarus ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Latvia stood at +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+29.0% per year) and Poland (-36.3% per year).

Import Prices by Country

In 2021, the average preserved mackerel import price amounted to $X per ton, with an increase of 8.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2016 an increase of 44%. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belarus ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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