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3-Minute Market Insight

EP 639 | AIRED 05/08/2023

Mackerel: Tighter Supplies, Growing Jack Mackerel Market in Europe

May 8th, 2023 - This week, as a part of a mini-series on Small pelagics - we report on Mackerel.

The family tree of mackerel contains more than 30 different species.

Some of the more common types are Spanish Mackerel, King Mackerel, Atlantic Mackerel, and Jack Mackerel.

The International Council for the Exploration of the Sea recommended a 2 percent reduction for 2023 in quotas for the North Atlantic Mackerel - which could lead to tighter supplies this year.

Mackerel Quotas - 2023, 2022, 2021

Norwegian mackerel fishing has been good, however it’s being said that onshore processing facilities have struggled to keep up.

The rising supply and lower price of jack mackerel has led some EU importers to view it as a strong competitor and an alternative to North Atlantic mackerel, while the species is becoming increasingly popular in Chile.

Norwegian exporters have been sending fresh mackerel by air to Japan lately, in addition to the frozen mackerel.

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The largest markets for Mackerel are China, the Republic of Korea, and the European Union.

Supplies of Mackerel may be tighter this year, while the increasing supplies of Jack Mackerel from Chile may capture market shares in some European markets.

Rising Jack Mackerel Supply

The demand for inexpensive fish is expected to increase due to the economic situation resulting in higher energy and food prices, which will lead to higher mackerel prices and stable herring prices.

If you are interested in developing a Mackerel program, our recommendation is to contact your Tradex Foods Representative.

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