CIS: Preserved Tuna Market 2024

Preserved Tuna Market Size in CIS

The CIS preserved tuna market rose markedly to $X in 2021, with an increase of 8.3% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Preserved Tuna Production in CIS

In value terms, preserved tuna production expanded significantly to $X in 2021 estimated in export price. The total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -11.0% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 27% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Preserved Tuna Exports

Exports in CIS

In 2021, approx. X tons of tuna (prepared or preserved) were exported in the CIS; picking up by 41% on 2020 figures. Overall, exports recorded a buoyant increase. The growth pace was the most rapid in 2016 when exports increased by 149%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, preserved tuna exports rose markedly to $X in 2021. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 196%. The level of export peaked in 2021 and is likely to continue growth in years to come.

Exports by Country

In 2021, Russia (X tons) represented the key exporter of tuna (prepared or preserved), committing 64% of total exports. It was distantly followed by Tajikistan (X tons), generating a 35% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +30.5%).

In value terms, the largest preserved tuna supplying countries in the CIS were Tajikistan ($X) and Russia ($X).

Russia, with a CAGR of +26.0%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, reducing by -18.8% against the previous year. Export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved tuna export price decreased by -21.9% against 2019 indices. The pace of growth was the most pronounced in 2013 when the export price increased by 91% against the previous year. 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.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Tajikistan ($X per ton), while Russia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tajikistan (+11.7%).

Preserved Tuna Imports

Imports in CIS

In 2021, purchases abroad of tuna (prepared or preserved) decreased by -2.8% to X tons, falling for the second year in a row after two years of growth. Total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.3% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 57% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, preserved tuna imports rose modestly to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -21.1% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 72%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Russia dominates imports structure, amounting to X tons, which was near 82% of total imports in 2021. It was distantly followed by Belarus (X tons), creating a 7.6% share of total imports. Moldova (X tons), Kazakhstan (X tons) and Azerbaijan (X tons) took a little share of total imports.

Imports into Russia increased at an average annual rate of +4.8% from 2012 to 2021. At the same time, Azerbaijan (+19.5%), Moldova (+15.7%) and Belarus (+15.4%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +19.5% from 2012-2021. By contrast, Kazakhstan (-2.9%) illustrated a downward trend over the same period. Belarus (+4.2 p.p.) and Moldova (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan and Russia saw its share reduced by -3.1% and -5.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported tuna (prepared or preserved) in the CIS, comprising 80% of total imports. The second position in the ranking was taken by Belarus ($X), with a 7% share of total imports. It was followed by Moldova, with a 6.2% share.

In Russia, preserved tuna imports increased at an average annual rate of +4.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (+11.5% per year) and Moldova (+15.9% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, with an increase of 6.4% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by 21%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Moldova ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+9.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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