Eastern Europe: Bigeye Tuna Market 2022

Bigeye Tuna Market Size in Eastern Europe

After four years of growth, the East European bigeye tuna market decreased by -X% to $X in 2020. Over the period under review, consumption showed a perceptible expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. The level of consumption peaked at $X in 2019, and then shrank notably in the following year.

Bigeye Tuna Production in Eastern Europe

In value terms, bigeye tuna production soared to $X in 2020 estimated in export prices. In general, production posted buoyant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Production By Country in Eastern Europe

The country with the largest volume of bigeye tuna production was Slovakia (X tons), comprising approx. X% of total volume. Moreover, bigeye tuna production in Slovakia exceeded the figures recorded by the second-largest producer, Russia (X tons), fivefold. Bulgaria (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in Slovakia was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Russia (X% per year) and Bulgaria (-X% per year).

Bigeye Tuna Exports

Exports in Eastern Europe

In 2019, overseas shipments of bigeye tuna decreased by -X% to X tons, falling for the fourth year in a row after two years of growth. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when exports increased by X% y-o-y. The volume of export peaked at X tons in 2015; however, from 2016 to 2019, exports stood at a somewhat lower figure.

In value terms, bigeye tuna exports dropped markedly to $X in 2019. Over the period under review, exports, however, continue to indicate pronounced growth. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. As a result, exports reached the peak of $X. from 2016 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

Bulgaria prevails in bigeye tuna exports structure, amounting to X tons, which was approx. X% of total exports in 2019. It was distantly followed by Poland (X kg), creating a X% share of total exports.

Bulgaria was also the fastest-growing in terms of the bigeye tuna exports, with a CAGR of +X% from 2007 to 2019. Poland (-X%) illustrated a downward trend over the same period. While the share of Bulgaria (+X p.p.) increased significantly in terms of the total exports from 2007-2019, the share of Poland (-X p.p.) displayed negative dynamics.

In value terms, Bulgaria ($X) remains the largest bigeye tuna supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was occupied by Poland ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value in Bulgaria totaled +X%.

Export Prices by Country

In 2019, the bigeye tuna export price in Eastern Europe amounted to $X per ton, stabilizing at the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2009 an increase of X% year-to-year. The level of export peaked at $X per ton in 2018, and then fell in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2019, the country with the highest price was Poland ($X per ton), while Bulgaria stood at $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Poland.

Bigeye Tuna Imports

Imports in Eastern Europe

In 2020, after four years of growth, there was significant decline in supplies from abroad of bigeye tuna, when their volume decreased by -X% to X tons. In general, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at X tons in 2019, and then contracted sharply in the following year.

In value terms, bigeye tuna imports dropped notably to $X in 2020. Over the period under review, imports showed a buoyant increase. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

The Czech Republic represented the largest importer of bigeye tuna in Eastern Europe, with the volume of imports finishing at X tons, which was near X% of total imports in 2020. It was distantly followed by Ukraine (X tons), mixing up a X% share of total imports.

From 2007 to 2020, the biggest increases were in the Czech Republic.

In value terms, the Czech Republic ($X) constitutes the largest market for imported bigeye tuna in Eastern Europe, comprising X% of total imports. The second position in the ranking was occupied by Ukraine ($X), with a X% share of total imports.

In the Czech Republic, bigeye tuna imports increased at an average annual rate of +X% over the period from 2007-2020.

Import Prices by Country

The bigeye tuna import price in Eastern Europe stood at $X per ton in 2020, with an increase of X% against the previous year. In general, the import price continues to indicate a prominent increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the Czech Republic ($X per ton), while Ukraine stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Czech Republic.

Source: IndexBox Platform

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