Romania: Frozen Yellowfin Tuna Market 2022

Frozen Yellowfin Tuna Market Size in Romania

The Romanian frozen yellowfin tuna market soared to $X in 2020, rising by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Frozen Yellowfin Tuna Production in Romania

In value terms, frozen yellowfin tuna production dropped to $X in 2020 estimated in export prices. Overall, the total production indicated a tangible increase from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. Frozen yellowfin tuna production peaked at $X in 2019, and then declined in the following year.

Frozen Yellowfin Tuna Exports

Exports from Romania

In 2020, the amount of frozen yellowfin tuna exported from Romania plummeted to X kg, falling by -X% against the previous year's figure. Over the period under review, exports, however, recorded significant growth. The growth pace was the most rapid in 2019 with an increase of X% y-o-y. As a result, exports reached the peak of X tons, and then declined significantly in the following year.

In value terms, frozen yellowfin tuna exports contracted rapidly to $X in 2020. In general, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2019 with an increase of X% year-to-year. As a result, exports attained the peak of $X, and then shrank sharply in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for frozen yellowfin tuna exports from Romania, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to the Netherlands was relatively modest.

From 2007 to 2019, the average annual growth rate of value to the Netherlands was relatively modest.

Export Prices by Country

The average frozen yellowfin tuna export price stood at $X per ton in 2019, shrinking by -X% against the previous year. In general, export price indicated buoyant growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, frozen yellowfin tuna export price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2018, and then dropped in the following year.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2007 to 2019, the rate of growth in terms of prices for the Netherlands amounted to X% per year.

Frozen Yellowfin Tuna Imports

Imports into Romania

In 2020, imports of frozen yellowfin tuna into Romania expanded sharply to X tons, picking up by X% compared with the previous year. In general, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2020 and are expected to retain growth in the immediate term.

In value terms, frozen yellowfin tuna imports shrank sharply to $X in 2020. Over the period under review, imports recorded strong growth. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Imports peaked at $X in 2019, and then plummeted in the following year.

Imports by Country

In 2020, Oman (X tons) constituted the largest frozen yellowfin tuna supplier to Romania, accounting for a X% share of total imports. Moreover, frozen yellowfin tuna imports from Oman exceeded the figures recorded by the second-largest supplier, Greece (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Oman was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+X% per year) and the Netherlands (+X% per year).

In value terms, Oman ($X) constituted the largest supplier of frozen yellowfin tuna to Romania, comprising X% of total imports. The second position in the ranking was occupied by Greece ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Oman was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

The average frozen yellowfin tuna import price stood at $X per ton in 2020, which is down by -X% against the previous year. In general, the import price continues to indicate a deep setback. The pace of growth was the most pronounced in 2014 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per ton. from 2015 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Oman, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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