Europe: Preserved Tuna Market 2024

Preserved Tuna Market Size in Europe

The Europe preserved tuna market declined to $X in 2021, waning by -5.2% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2020, and then contracted in the following year.

Preserved Tuna Production in Europe

In value terms, preserved tuna production fell slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 15%. The level of production peaked at $X in 2020, and then shrank modestly in the following year.

Preserved Tuna Exports

Exports in Europe

In 2021, approx. X tons of tuna (prepared or preserved) were exported in Europe; leveling off at the previous year. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +21.1% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 19%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, preserved tuna exports stood at $X in 2021. Total exports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +70.0% against 2015 indices. The growth pace was the most rapid in 2017 with an increase of 21% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

Exports by Country

Spain (X tons) and the Netherlands (X tons) represented the largest exporters of tuna (prepared or preserved) in 2021, resulting at near 38% and 29% of total exports, respectively. Italy (X tons) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Portugal (7.2%) and Germany (5.4%).

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +16.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved tuna supplying countries in Europe were Spain ($X), the Netherlands ($X) and Italy ($X), with a combined 83% share of total exports.

Among the main exporting countries, the Netherlands, with a CAGR of +16.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, standing approx. at the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 10%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat 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 Italy ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.3%), while the other leaders experienced a decline in the export price figures.

Preserved Tuna Imports

Imports in Europe

After four years of growth, overseas purchases of tuna (prepared or preserved) decreased by -7.2% to X tons in 2021. The total import volume increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 9.5%. As a result, imports reached the peak of X tons, and then reduced in the following year.

In value terms, preserved tuna imports fell modestly to $X in 2021. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 24% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of preserved tuna imports in 2021 were Spain (X tons), Italy (X tons), France (X tons), the UK (X tons), the Netherlands (X tons) and Germany (X tons), together reaching 79% of total import. Portugal (X tons), Belgium (X tons) and Austria (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Netherlands (with a CAGR of +12.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and France ($X) constituted the countries with the highest levels of imports in 2021, with a combined 48% share of total imports. The UK, the Netherlands, Germany, Portugal, Belgium and Austria lagged somewhat behind, together accounting for a further 38%.

In terms of the main importing countries, the Netherlands, with a CAGR of +11.3%, saw the highest growth rate of 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

The import price in Europe stood at $X per ton in 2021, picking up by 4% against the previous year. In general, the import price, however, saw a slight slump. The pace of growth appeared the most rapid in 2017 when the import price increased by 14% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Italy ($X per ton) and Austria ($X per ton), while Germany ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform