Eastern Europe: Market for Frozen Southern Bluefin Tuna 2022

Market Size for Frozen Southern Bluefin Tuna in Eastern Europe

In 2020, the East European frozen southern bluefin tuna market was finally on the rise to reach $X after three years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. from 2011 to 2020, the growth of the market remained at a somewhat lower figure.

Production of Frozen Southern Bluefin Tuna in Eastern Europe

In value terms, frozen southern bluefin tuna production soared to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production attained 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 frozen southern bluefin tuna production was Poland (X tons), comprising approx. X% of total volume. Moreover, frozen southern bluefin tuna production in Poland exceeded the figures recorded by the second-largest producer, Latvia (X tons), twofold.

In Poland, frozen southern bluefin tuna production remained relatively stable over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Latvia (-X% per year) and Russia (+X% per year).

Exports of Frozen Southern Bluefin Tuna

Exports in Eastern Europe

After two years of decline, shipments abroad of frozen southern bluefin tuna decreased by -X% to X kg in 2020. Overall, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at X tons in 2019, and then dropped remarkably in the following year.

In value terms, frozen southern bluefin tuna exports declined dramatically to $X in 2020. In general, exports, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2019, and then reduced dramatically in the following year.

Exports by Country

The biggest shipments were from Russia (X kg), together recording X% of total export.

Russia was also the fastest-growing in terms of the frozen southern bluefin tuna exports, with a CAGR of -X% from 2007 to 2020. From 2007 to 2020, the share of Russia increased by +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

From 2007 to 2020, the average annual rate of growth in terms of value in Russia amounted to -X%.

Export Prices by Country

In 2020, the frozen southern bluefin tuna export price in Eastern Europe amounted to $X per ton, with a decrease of -X% against the previous year. In general, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2009 when the export price increased by X% year-to-year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2007 to 2020, the rate of growth in terms of prices for Russia amounted to -X% per year.

Imports of Frozen Southern Bluefin Tuna

Imports in Eastern Europe

In 2019, after two years of decline, there was significant growth in purchases abroad of frozen southern bluefin tuna, when their volume increased by X% to X kg. Overall, imports, however, saw a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

In value terms, frozen southern bluefin tuna imports surged to $X in 2019. Over the period under review, imports, however, continue to indicate a dramatic curtailment. The pace of growth was the most pronounced in 2012 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. from 2013 to 2019, the growth imports remained at a lower figure.

Imports by Country

In 2019, Bulgaria (X kg) was the key importer of frozen southern bluefin tuna, achieving X% of total imports. It was distantly followed by Latvia (X kg), committing an X% share of total imports.

Bulgaria experienced a relatively flat trend pattern with regard to volume of imports of frozen southern bluefin tuna. Latvia (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of Bulgaria increased by +X% percentage points, while Latvia (-X p.p.) saw their share reduced.

In value terms, Bulgaria ($X) constitutes the largest market for imported frozen southern bluefin tuna in Eastern Europe, comprising X% of total imports. The second position in the ranking was occupied by Latvia ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value in Bulgaria was relatively modest.

Import Prices by Country

The frozen southern bluefin tuna import price in Eastern Europe stood at $X per ton in 2019, shrinking by -X% against the previous year. Overall, the import price saw a pronounced contraction. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2007; however, from 2008 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Latvia ($X per ton), while Bulgaria amounted to $X per ton.

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

Source: IndexBox Platform

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