EU: Market for Frozen Southern Bluefin Tuna 2022

Market Size for Frozen Southern Bluefin Tuna in the EU

In 2020, after three years of decline, there was significant growth in the EU frozen southern bluefin tuna market, when its value increased by X% to $X. Overall, consumption posted resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Frozen Southern Bluefin Tuna in the EU

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 throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Production By Country in the EU

The Netherlands (X tons) remains the largest frozen southern bluefin tuna producing country in the European Union, accounting for X% of total volume. Moreover, frozen southern bluefin tuna production in the Netherlands exceeded the figures recorded by the second-largest producer, Croatia (X tons), fourfold. The third position in this ranking was occupied by Poland (X tons), with a X% share.

In the Netherlands, 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: Croatia (-X% per year) and Poland (-X% per year).

Exports of Frozen Southern Bluefin Tuna

Exports in the EU

In 2020, after three years of growth, there was significant decline in shipments abroad of frozen southern bluefin tuna, when their volume decreased by -X% to X kg. Overall, exports faced a precipitous contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tons in 2011; however, from 2012 to 2020, exports remained at a lower figure.

In value terms, frozen southern bluefin tuna exports declined rapidly to $X in 2020. Over the period under review, exports showed a dramatic decrease. The most prominent rate of growth was recorded in 2019 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2008; however, from 2009 to 2020, exports remained at a lower figure.

Exports by Country

France was the major exporter of frozen southern bluefin tuna in the European Union, with the volume of exports amounting to X kg, which was approx. X% of total exports in 2020. It was distantly followed by Croatia (X kg), creating a X% share of total exports.

France was also the fastest-growing in terms of the frozen southern bluefin tuna exports, with a CAGR of -X% from 2007 to 2020. Croatia (-X%) illustrated a downward trend over the same period. While the share of France (+X p.p.) and Croatia (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) remains the largest frozen southern bluefin tuna supplier in the European Union, comprising X% of total exports. The second position in the ranking was occupied by Croatia ($X), with a X% share of total exports.

In France, frozen southern bluefin tuna exports increased at an average annual rate of +X% over the period from 2007-2020.

Export Prices by Country

The frozen southern bluefin tuna export price in the European Union stood at $X per ton in 2020, surging by X% against the previous year. Overall, the export price showed a remarkable increase. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Croatia ($X per ton), while France amounted to $X per ton.

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

Imports of Frozen Southern Bluefin Tuna

Imports in the EU

Frozen southern bluefin tuna imports surged to X tons in 2020, increasing by X% on 2019. Overall, imports saw resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen southern bluefin tuna imports reduced to $X in 2020. Over the period under review, imports saw a deep downturn. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Italy (X tons) represented the key importer of frozen southern bluefin tuna in the European Union, comprising X% of total import.

Italy was also the fastest-growing in terms of the frozen southern bluefin tuna imports, with a CAGR of +X% from 2007 to 2020. While the share of Italy (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) constitutes the largest market for imported frozen southern bluefin tuna in the European Union.

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

Import Prices by Country

The frozen southern bluefin tuna import price in the European Union stood at $X per ton in 2020, declining by -X% against the previous year. Over the period under review, the import price showed a abrupt curtailment. The growth pace was the most rapid in 2019 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank markedly in the following year.

As there is only one major supplying country, the average price level is determined by prices for Italy.

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

Source: IndexBox Platform

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