Israel: Preserved Tuna Market 2024

Preserved Tuna Market Size in Israel

The Israeli preserved tuna market totaled $X in 2021, rising by 5.2% against the previous year. Overall, the total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +103.9% against 2015 indices. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

Preserved Tuna Production in Israel

In value terms, preserved tuna production declined markedly to $X in 2021 estimated in export price. In general, production, however, enjoyed mild growth. The pace of growth appeared the most rapid in 2019 with an increase of 342%. Over the period under review, production attained the maximum level at $X in 2020, and then contracted markedly in the following year.

Preserved Tuna Exports

Exports from Israel

For the third year in a row, Israel recorded decline in overseas shipments of tuna (prepared or preserved), which decreased by -42.2% to X tons in 2021. Overall, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2016 when exports increased by 120%. 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 fell rapidly to $X in 2021. In general, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 113%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for preserved tuna exports from Israel, accounting for a 74% share of total exports. Moreover, preserved tuna exports to Germany exceeded the volume sent to the second major destination, Ukraine (X tons), fourfold. The third position in this ranking was taken by Singapore (X tons), with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +85.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+4.8% per year) and Singapore (+2.7% per year).

In value terms, Germany ($X) remains the key foreign market for tuna (prepared or preserved) exports from Israel, comprising 74% of total exports. The second position in the ranking was taken by Ukraine ($X), with an 18% share of total exports. It was followed by Singapore, with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +89.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+6.9% per year) and Singapore (+12.8% per year).

Export Prices by Country

The average preserved tuna export price stood at $X per ton in 2021, with an increase of 8.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2017 when the average export price increased by 30% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Singapore ($X per ton) and Ukraine ($X per ton), while the average price for exports to Germany ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Tuna Imports

Imports into Israel

After two years of decline, overseas purchases of tuna (prepared or preserved) increased by 12% to X tons in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 51%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, preserved tuna imports rose remarkably to $X in 2021. Over the period under review, total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 50% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Thailand (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of preserved tuna imports to Israel, with a combined 83% share of total imports. These countries were followed by Turkey, Italy and Spain, which together accounted for a further 16%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +48.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), China ($X) and Vietnam ($X) constituted the largest preserved tuna suppliers to Israel, together accounting for 83% of total imports. These countries were followed by Turkey, Italy and Spain, which together accounted for a further 16%.

Among the main suppliers, Turkey, with a CAGR of +50.6%, recorded 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

In 2021, the average preserved tuna import price amounted to $X per ton, increasing by 2.8% against the previous year. Overall, the import price, however, continues to indicate a mild slump. The growth pace was the most rapid in 2017 an increase of 21%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Vietnam ($X per ton) and Italy ($X per ton), while the price for Thailand ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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