Benelux: Preserved Tuna Market 2024

Preserved Tuna Market Size in Benelux

The Benelux preserved tuna market fell significantly to $X in 2021, shrinking by -24.3% against the previous year. The total consumption indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -36.1% against 2017 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Preserved Tuna Production in Benelux

In value terms, preserved tuna production surged to $X in 2021 estimated in export price. Over the period under review, production showed a measured expansion. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Preserved Tuna Exports

Exports in Benelux

In 2021, shipments abroad of tuna (prepared or preserved) increased by 15% to X tons, rising for the second consecutive year after two years of decline. Overall, exports recorded a strong increase. The pace of growth was the most pronounced in 2014 with an increase of 43%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, preserved tuna exports rose significantly to $X in 2021. Over the period under review, exports showed a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 45% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The Netherlands prevails in exports structure, amounting to X tons, which was approx. 95% of total exports in 2021. It was distantly followed by Belgium (X tons), achieving a 4.8% share of total exports.

The Netherlands was also the fastest-growing in terms of the tuna (prepared or preserved) exports, with a CAGR of +16.1% from 2012 to 2021. Belgium (-2.5%) illustrated a downward trend over the same period. The Netherlands (+15 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -14.6% from 2012 to 2021, respectively.

In value terms, the Netherlands ($X) remains the largest preserved tuna supplier in Benelux, comprising 96% of total exports. The second position in the ranking was held by Belgium ($X), with a 4.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the Netherlands totaled +16.5%.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 15%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.3%).

Preserved Tuna Imports

Imports in Benelux

In 2021, after two years of growth, there was significant decline in purchases abroad of tuna (prepared or preserved), when their volume decreased by -9.7% to X tons. Overall, imports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2020 when imports increased by 50%. As a result, imports reached the peak of X tons, and then declined in the following year.

In value terms, preserved tuna imports contracted to $X in 2021. Over the period under review, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2020 when imports increased by 47%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2021, the Netherlands (X tons) represented the major importer of tuna (prepared or preserved), committing 82% of total imports. It was distantly followed by Belgium (X tons), committing a 17% share of total imports.

The Netherlands was also the fastest-growing in terms of the tuna (prepared or preserved) imports, with a CAGR of +12.2% from 2012 to 2021. At the same time, Belgium (+1.0%) displayed positive paces of growth. The Netherlands (+18 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -17.4% from 2012 to 2021, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported tuna (prepared or preserved) in Benelux, comprising 80% of total imports. The second position in the ranking was held by Belgium ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the Netherlands totaled +11.3%.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, surging by 4.9% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 14% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-0.0%).

Source: IndexBox Platform