Eastern Europe: Preserved Tuna Market 2024

Preserved Tuna Market Size in Eastern Europe

The East European preserved tuna market stood at $X in 2021, picking up by 2.6% against the previous year. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2021.

Preserved Tuna Production in Eastern Europe

In value terms, preserved tuna production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when the production volume increased by 21% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Preserved Tuna Exports

Exports in Eastern Europe

In 2021, approx. X tons of tuna (prepared or preserved) were exported in Eastern Europe; growing by 22% compared with the year before. Total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +13.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +44.1% against 2015 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 97%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, preserved tuna exports skyrocketed to $X in 2021. Overall, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 102% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

The biggest shipments were from the Czech Republic (X tons), Russia (X tons) and Poland (X tons), together accounting for 71% of total export. Latvia (X tons) took the next position in the ranking, followed by Slovakia (X tons). All these countries together took near 17% share of total exports. Bulgaria (X tons), Lithuania (X tons) and Romania (X tons) took a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Romania (with a CAGR of +67.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest preserved tuna supplying countries in Eastern Europe were the Czech Republic ($X), Poland ($X) and Latvia ($X), with a combined 73% share of total exports. Slovakia, Russia, Bulgaria, Lithuania and Romania lagged somewhat behind, together accounting for a further 24%.

Romania, with a CAGR of +68.2%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, dropping by -4.1% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 16% against the previous year. The level of export peaked at $X per ton in 2020, and then contracted modestly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Latvia ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+4.6%), while the other leaders experienced more modest paces of growth.

Preserved Tuna Imports

Imports in Eastern Europe

In 2021, after three years of growth, there was decline in purchases abroad of tuna (prepared or preserved), when their volume decreased by -3.3% to X tons. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +109.9% against 2012 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 32%. Over the period under review, imports hit record highs at X tons in 2020, and then declined slightly in the following year.

In value terms, preserved tuna imports rose markedly to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +9.0% 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 increased by +79.6% against 2015 indices. The pace of growth was the most pronounced in 2013 when imports increased by 42%. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

Imports by Country

In 2021, Poland (X tons), the Czech Republic (X tons), Romania (X tons) and Russia (X tons) was the key importer of tuna (prepared or preserved) in Eastern Europe, constituting 70% of total import. Ukraine (X tons) took a 7.4% share (based on physical terms) of total imports, which put it in second place, followed by Hungary (7.3%) and Slovakia (6.2%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Ukraine (with a CAGR of +22.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved tuna importing markets in Eastern Europe were Poland ($X), the Czech Republic ($X) and Romania ($X), with a combined 60% share of total imports. These countries were followed by Russia, Hungary, Slovakia and Ukraine, which together accounted for a further 32%.

Among the main importing countries, Ukraine, with a CAGR of +23.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, with an increase of 11% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by 16% against the previous year. Over the period under review, 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.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Hungary ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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