GCC: Preserved Mackerel Market 2024

Preserved Mackerel Market Size in GCC

The GCC preserved mackerel market stood at $X in 2022, picking up by X% against the previous year. In general, consumption recorded prominent growth. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Preserved Mackerel Production in GCC

In value terms, preserved mackerel production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a buoyant increase. The growth pace was the most rapid in 2015 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Preserved Mackerel Exports

Exports in GCC

In 2022, shipments abroad of mackerel (prepared or preserved) increased by X% to X tons, rising for the second year in a row after four years of decline. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved mackerel exports surged to $X in 2022. Overall, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates dominates exports structure, reaching X tons, which was approx. X% of total exports in 2022. Oman (X tons) and Bahrain (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the mackerel (prepared or preserved) exports, with a CAGR of X% from 2012 to 2022. At the same time, Bahrain (X%) displayed positive paces of growth. By contrast, Oman (X%) illustrated a downward trend over the same period. 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 Oman (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) emerged as the largest preserved mackerel supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with a X% share of total exports.

In the United Arab Emirates, preserved mackerel exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Oman (X% per year) and Bahrain (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, declining by X% against the previous year. In general, the export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced a decline in the export price figures.

Preserved Mackerel Imports

Imports in GCC

After four years of decline, purchases abroad of mackerel (prepared or preserved) increased by X% to X tons in 2022. In general, imports, however, continue to indicate a deep reduction. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, preserved mackerel imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a drastic downturn. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates prevails in imports structure, recording X tons, which was approx. X% of total imports in 2022. Kuwait (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Qatar (X%).

The United Arab Emirates 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, Kuwait (X%) and Qatar (X%) displayed positive paces of growth. While the share of the United Arab Emirates (X p.p.), Kuwait (X p.p.) and Qatar (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported mackerel (prepared or preserved) in GCC, comprising X% of total imports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total imports.

In the United Arab Emirates, preserved mackerel imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kuwait (X% per year) and Qatar (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, shrinking by X% against the previous year. In general, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Kuwait ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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