MENA: Preserved Mackerel Market 2024

Preserved Mackerel Market Size in MENA

In 2022, the MENA's preserved mackerel market was finally on the rise to reach $X after three years of decline. Overall, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Preserved Mackerel Production in MENA

In value terms, preserved mackerel production reduced to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Preserved Mackerel Exports

Exports in MENA

In 2022, preserved mackerel exports in MENA contracted slightly to X tons, which is down by X% on the previous year. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, preserved mackerel exports shrank to $X in 2022. Overall, exports showed a slight shrinkage. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Morocco (X tons) was the key exporter of mackerel (prepared or preserved), comprising X% of total exports. It was distantly followed by the United Arab Emirates (X tons), making up an X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to preserved mackerel exports from Morocco stood at X%. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Morocco (X p.p.) displayed negative dynamics.

In value terms, Morocco ($X) remains the largest preserved mackerel supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

In Morocco, preserved mackerel exports shrank by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per ton), while the United Arab Emirates totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (X%).

Preserved Mackerel Imports

Imports in MENA

In 2022, purchases abroad of mackerel (prepared or preserved) increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, preserved mackerel imports reduced to $X in 2022. Overall, imports, however, showed a mild decline. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Yemen represented the major importing country with an import of about X tons, which finished at X% of total imports. The United Arab Emirates (X tons) held the second position in the ranking, distantly followed by Egypt (X tons). All these countries together held near X% share of total imports. Israel (X tons), Kuwait (X tons) and Qatar (X tons) followed a long way behind the leaders.

Yemen was also the fastest-growing in terms of the mackerel (prepared or preserved) imports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%), Kuwait (X%), Israel (X%) and Qatar (X%) displayed positive paces of growth. By contrast, Egypt (X%) illustrated a downward trend over the same period. While the share of Yemen (X p.p.), the United Arab Emirates (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Egypt (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Yemen ($X) constitutes the largest market for imported mackerel (prepared or preserved) in MENA, comprising X% of total imports. The second position in the ranking was held by Egypt ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Yemen totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price showed a mild shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton, and then dropped dramatically in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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