| Product Code: ETC387039 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Saudi Arabia Mackerel market currently, in 2023, has witnessed an HHI of 5677, Which has decreased moderately as compared to the HHI of 8997 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The mackerel market in Saudi Arabia reflects the nation`s high consumption of seafood. Mackerel is a popular fish variety due to its distinct flavor and nutritional benefits. It is a staple in the local diet and is consumed in various forms, including grilling, frying, and marinating. The mackerel market is closely tied to the country`s fishing industry, with efforts being made to ensure sustainable fishing practices. The availability of mackerel can be influenced by factors like seasonal variations and international trade dynamics.
In the Saudi Arabia mackerel market, several factors have driven its expansion. Mackerel is a popular seafood choice known for its taste, nutritional value, and versatility in various cuisines. The increasing awareness of the health benefits associated with consuming omega-3 fatty acids found in mackerel has propelled its demand. The government`s efforts to promote domestic seafood production and reduce imports have led to investments in fisheries and aquaculture, resulting in increased mackerel production. As consumer preferences shift towards healthier protein options, the mackerel market has witnessed growth.
The Saudi Arabia mackerel market encounters challenges related to maintaining a consistent supply of mackerel to meet consumer demand. Overfishing and issues related to fish stock management can impact the sustainability of the market. Quality control throughout the supply chain is another challenge, as maintaining freshness and preventing spoilage during transportation and storage are crucial. Moreover, ensuring that the market remains competitive in terms of pricing and product quality while adhering to international food safety standards adds complexity to the industry.
The mackerel market in Saudi Arabia was impacted by the COVID-19 pandemic, particularly due to supply chain disruptions and shifts in consumer demand. As an imported fish variety, mackerel availability was affected by restrictions on international trade and transportation challenges. Fluctuations in supply and occasional shortages led to price volatility in the market. Retailers and suppliers worked to manage these challenges and provide alternative seafood options to consumers. The market`s recovery was tied to improvements in trade logistics and consumer preferences.
Prominent players in the Saudi Arabia mackerel market include Gulf Fisheries Company, Arabian Fisheries Company, National Fish Company, and Jumeirah Fisheries. These companies are involved in sourcing, processing, and distributing mackerel products to satisfy consumer preferences for seafood.