Sweden: Preserved Tuna Market 2024

Preserved Tuna Market Size in Sweden

For the third consecutive year, the Swedish preserved tuna market recorded decline in sales value, which decreased by -13.5% to $X in 2021. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Preserved Tuna Production in Sweden

In value terms, preserved tuna production fell modestly to $X in 2021 estimated in export price. Overall, production continues to indicate temperate growth. The growth pace was the most rapid in 2013 with an increase of 162% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Preserved Tuna Exports

Exports from Sweden

In 2021, approx. X tons of tuna (prepared or preserved) were exported from Sweden; growing by 6.8% on the previous year. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 260% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, preserved tuna exports contracted rapidly to $X in 2021. Overall, exports saw slight growth. The growth pace was the most rapid in 2019 when exports increased by 329% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Finland (X tons) and Latvia (X tons) were the main destinations of preserved tuna exports from Sweden, with a combined 91% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +139.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Germany ($X) and Latvia ($X) constituted the largest markets for preserved tuna exported from Sweden worldwide, together accounting for 92% of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +134.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average preserved tuna export price amounted to $X per ton, declining by -33.6% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 89% against the previous year. The export price peaked at $X per ton in 2020, and then shrank notably in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Norway ($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 Estonia (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Tuna Imports

Imports into Sweden

In 2021, after three years of growth, there was significant decline in overseas purchases of tuna (prepared or preserved), when their volume decreased by -27.3% to X tons. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 20% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020, and then contracted rapidly in the following year.

In value terms, preserved tuna imports declined markedly to $X in 2021. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 27%. Imports peaked at $X in 2020, and then fell dramatically in the following year.

Imports by Country

In 2021, Mauritius (X tons) constituted the largest supplier of preserved tuna to Sweden, accounting for a 34% share of total imports. Moreover, preserved tuna imports from Mauritius exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold. The Philippines (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Mauritius stood at +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-11.7% per year) and the Philippines (+22.6% per year).

In value terms, the largest preserved tuna suppliers to Sweden were Mauritius ($X), Spain ($X) and Thailand ($X), with a combined 61% share of total imports.

Among the main suppliers, Spain, with a CAGR of +53.8%, recorded 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, surging by 2.2% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 16%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 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 Spain ($X per ton), while the price for Papua New Guinea ($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 (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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