Finland: Preserved Tuna Market 2024

Preserved Tuna Market Size in Finland

The Finnish preserved tuna market shrank to $X in 2021, which is down by -11% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Preserved tuna consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Preserved Tuna Production in Finland

In value terms, preserved tuna production amounted to $X in 2021 estimated in export price. Over the period under review, production showed a precipitous setback. The most prominent rate of growth was recorded in 2016 with an increase of 55%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Preserved Tuna Exports

Exports from Finland

For the fifth consecutive year, Finland recorded decline in shipments abroad of tuna (prepared or preserved), which decreased by -8.8% to X tons in 2021. In general, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 77% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, preserved tuna exports dropped slightly to $X in 2021. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2014 with an increase of 74% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Estonia (X tons) was the main destination for preserved tuna exports from Finland, accounting for a 97% share of total exports. It was followed by Russia (X kg), with a 2.6% share of total exports. Latvia (X kg) ranked third in terms of total exports with a 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Estonia totaled -2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+57.8% per year) and Latvia (-46.1% per year).

In value terms, Estonia ($X) remains the key foreign market for tuna (prepared or preserved) exports from Finland, comprising 96% of total exports. The second position in the ranking was taken by Russia ($X), with a 3.9% share of total exports. It was followed by Latvia, with a 0.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Estonia stood at -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+43.9% per year) and Latvia (-42.5% per year).

Export Prices by Country

In 2021, the average preserved tuna export price amounted to $X per ton, surging by 9.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. The pace of growth was the most pronounced in 2013 an increase of 65%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Estonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Tuna Imports

Imports into Finland

In 2021, approx. X tons of tuna (prepared or preserved) were imported into Finland; falling by -12.4% compared with the previous year. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 39%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, preserved tuna imports shrank to $X in 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 35% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Mauritius (X tons), Thailand (X tons) and Spain (X tons) were the main suppliers of preserved tuna imports to Finland, with a combined 63% share of total imports. These countries were followed by the Netherlands, Seychelles, Vietnam, the Philippines, Germany and Colombia, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +71.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved tuna suppliers to Finland were Mauritius ($X), Thailand ($X) and Spain ($X), with a combined 64% share of total imports. These countries were followed by the Netherlands, Seychelles, the Philippines, Vietnam, Germany and Colombia, which together accounted for a further 31%.

Vietnam, with a CAGR of +53.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average preserved tuna import price stood at $X per ton in 2021, growing by 2.1% against the previous year. In general, the import price, however, recorded a slight descent. The most prominent rate of growth was recorded in 2019 an increase of 37%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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