Brazil: Preserved Tuna Market 2024

Preserved Tuna Market Size in Brazil

In 2021, the Brazilian preserved tuna market increased by 9.4% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Preserved Tuna Production in Brazil

In value terms, preserved tuna production reached $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 30% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Preserved Tuna Exports

Exports from Brazil

In 2021, approx. X tons of tuna (prepared or preserved) were exported from Brazil; growing by 81% on 2020. Over the period under review, exports, however, saw a pronounced slump. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, preserved tuna exports surged to $X in 2021. In general, exports, however, recorded a perceptible reduction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Argentina (X tons) was the main destination for preserved tuna exports from Brazil, accounting for a 53% share of total exports. Moreover, preserved tuna exports to Argentina exceeded the volume sent to the second major destination, Venezuela (X tons), threefold. The third position in this ranking was taken by Uruguay (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Argentina amounted to -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (+509.2% per year) and Uruguay (+4.7% per year).

In value terms, Argentina ($X) remains the key foreign market for tuna (prepared or preserved) exports from Brazil, comprising 53% of total exports. The second position in the ranking was held by Venezuela ($X), with a 16% share of total exports. It was followed by Uruguay, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Argentina totaled -7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (+464.1% per year) and Uruguay (+4.0% per year).

Export Prices by Country

The average preserved tuna export price stood at $X per ton in 2021, surging by 8.7% against the previous year. Overall, the export price, however, showed a slight decrease. The pace of growth appeared the most rapid in 2017 an increase of 15%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Angola ($X per ton) and Curacao ($X per ton), while the average price for exports to Chile ($X per ton) and the Dominican Republic ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Tuna Imports

Imports into Brazil

For the third year in a row, Brazil recorded decline in supplies from abroad of tuna (prepared or preserved), which decreased by -9.2% to X tons in 2021. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 87% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, preserved tuna imports dropped to $X in 2021. Over the period under review, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2013 when imports increased by 89%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Ecuador (X tons) constituted the largest supplier of preserved tuna to Brazil, accounting for a 73% share of total imports. Moreover, preserved tuna imports from Ecuador exceeded the figures recorded by the second-largest supplier, China (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ecuador stood at -8.5%.

In value terms, Ecuador ($X) constituted the largest supplier of tuna (prepared or preserved) to Brazil, comprising 72% of total imports. The second position in the ranking was taken by China ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Ecuador stood at -10.8%.

Import Prices by Country

The average preserved tuna import price stood at $X per ton in 2021, dropping by -2.9% against the previous year. Over the period under review, the import price saw a pronounced contraction. The pace of growth was the most pronounced in 2017 an increase of 18%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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