Romania: Preserved Tuna Market 2024

Preserved Tuna Market Size in Romania

After four years of growth, the Romanian preserved tuna market decreased by -1.6% to $X in 2021. In general, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +70.3% against 2016 indices. Over the period under review, the market hit record highs at $X in 2020, and then contracted modestly in the following year.

Preserved Tuna Production in Romania

In value terms, preserved tuna production reduced modestly to $X in 2021 estimated in export price. Overall, the total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +79.6% against 2016 indices. The growth pace was the most rapid in 2019 with an increase of 45% against the previous year. Preserved tuna production peaked at $X in 2020, and then fell in the following year.

Preserved Tuna Exports

Exports from Romania

Preserved tuna exports from Romania skyrocketed to X tons in 2021, increasing by 32% compared with 2020. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 12,169% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, preserved tuna exports skyrocketed to $X in 2021. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 6,708% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Bulgaria (X tons), Moldova (X tons) and Poland (X tons) were the main destinations of preserved tuna exports from Romania, with a combined 92% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +1,740.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Moldova ($X), Bulgaria ($X) and the UK ($X) appeared to be the largest markets for preserved tuna exported from Romania worldwide, together accounting for 93% of total exports. These countries were followed by Poland and the Czech Republic, which together accounted for a further 4.6%.

Poland, with a CAGR of +1,505.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average preserved tuna export price stood at $X per ton in 2021, growing by 11% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 58%. The export price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the Czech Republic ($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 Bulgaria (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Tuna Imports

Imports into Romania

For the eighth consecutive year, Romania recorded growth in supplies from abroad of tuna (prepared or preserved), which increased by 5.3% to X tons in 2021. Over the period under review, imports recorded a resilient increase. The growth pace was the most rapid in 2017 with an increase of 27% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, preserved tuna imports rose remarkably to $X in 2021. Overall, imports posted a buoyant increase. The pace of growth was the most pronounced in 2017 when imports increased by 40% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Germany (X tons) constituted the largest preserved tuna supplier to Romania, accounting for a 49% share of total imports. Moreover, preserved tuna imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Spain (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.6% per year) and Spain (+19.9% per year).

In value terms, Germany ($X), Italy ($X) and Spain ($X) constituted the largest preserved tuna suppliers to Romania, together accounting for 79% of total imports. These countries were followed by Ecuador, Vietnam, Poland, the Czech Republic, the Philippines and Thailand, which together accounted for a further 16%.

In terms of the main suppliers, the Philippines, with a CAGR of +36.2%, saw the highest rates of growth with regard to 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, growing by 4.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2013 an increase of 22%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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