Slovakia: Preserved Tuna Market 2024

Preserved Tuna Market Size in Slovakia

In 2021, after five years of growth, there was significant decline in the Slovak preserved tuna market, when its value decreased by -6.5% to $X. Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% 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 +76.4% against 2015 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then fell in the following year.

Preserved Tuna Production in Slovakia

In value terms, preserved tuna production declined modestly to $X in 2021 estimated in export price. In general, the total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +92.9% against 2015 indices. The pace of growth was the most pronounced in 2017 with an increase of 24%. Over the period under review, production reached the maximum level at $X in 2020, and then shrank slightly in the following year.

Preserved Tuna Exports

Exports from Slovakia

In 2021, overseas shipments of tuna (prepared or preserved) increased by 37% to X tons, rising for the second consecutive year after four years of decline. Overall, total exports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +81.2% against 2019 indices. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, preserved tuna exports soared to $X in 2021. Over the period under review, total exports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% 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 +63.2% against 2019 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 57%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons) was the main destination for preserved tuna exports from Slovakia, accounting for a 66% share of total exports. Moreover, preserved tuna exports to the Czech Republic exceeded the volume sent to the second major destination, Hungary (X tons), fourfold. Romania (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic totaled +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-0.7% per year) and Romania (+10.7% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for tuna (prepared or preserved) exports from Slovakia, comprising 66% of total exports. The second position in the ranking was held by Romania ($X), with a 13% share of total exports. It was followed by Hungary, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic totaled +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+13.8% per year) and Hungary (-5.0% per year).

Export Prices by Country

The average preserved tuna export price stood at $X per ton in 2021, dropping by -14.8% against the previous year. Overall, the export price showed a mild decrease. The most prominent rate of growth was recorded in 2014 an increase of 21%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

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 Romania ($X per ton), while the average price for exports to Hungary ($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 Romania (+2.9%), while the prices for the other major destinations experienced a decline.

Preserved Tuna Imports

Imports into Slovakia

In 2021, after three years of growth, there was significant decline in overseas purchases of tuna (prepared or preserved), when their volume decreased by -13.8% to X tons. In general, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 27% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020, and then fell in the following year.

In value terms, preserved tuna imports fell to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +57.7% against 2016 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 32%. Over the period under review, imports attained the maximum at $X in 2020, and then shrank in the following year.

Imports by Country

Spain (X tons), the Czech Republic (X tons) and Germany (X tons) were the main suppliers of preserved tuna imports to Slovakia, together accounting for 83% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +61.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved tuna suppliers to Slovakia were the Czech Republic ($X), Spain ($X) and Germany ($X), together comprising 87% of total imports.

Among the main suppliers, the Czech Republic, with a CAGR of +64.5%, 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

The average preserved tuna import price stood at $X per ton in 2021, growing by 13% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 20%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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 the Czech Republic ($X per ton), while the price for the Philippines ($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 Czech Republic (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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