Ukraine: Preserved Tuna Market 2024

Preserved Tuna Market Size in Ukraine

The Ukrainian preserved tuna market totaled $X in 2021, picking up by 5.7% against the previous year. Overall, consumption saw a mild contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Preserved Tuna Production in Ukraine

In value terms, preserved tuna production amounted to $X in 2021 estimated in export price. In general, production showed a noticeable setback. The pace of growth was the most pronounced in 2018 with an increase of 30%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Preserved Tuna Exports

Exports from Ukraine

After two years of growth, shipments abroad of tuna (prepared or preserved) decreased by -87% to X tons in 2021. Over the period under review, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 545%. Over the period under review, the exports attained the maximum at X tons in 2020, and then contracted dramatically in the following year.

In value terms, preserved tuna exports fell dramatically to $X in 2021. In general, exports continue to indicate a precipitous curtailment. The growth pace was the most rapid in 2019 when exports increased by 683%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Moldova (X tons) was the main destination for preserved tuna exports from Ukraine, with a 75% share of total exports. Moreover, preserved tuna exports to Moldova exceeded the volume sent to the second major destination, Cyprus (X kg), more than tenfold. The third position in this ranking was taken by Germany (X kg), with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Moldova amounted to -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+44.8% per year) and Germany (+19.2% per year).

In value terms, Moldova ($X) remains the key foreign market for tuna (prepared or preserved) exports from Ukraine, comprising 45% of total exports. The second position in the ranking was taken by Germany ($X), with a 6.8% share of total exports. It was followed by Cyprus, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Moldova stood at -19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+9.1% per year) and Cyprus (+31.5% per year).

Export Prices by Country

The average preserved tuna export price stood at $X per ton in 2021, growing by 21% against the previous year. Over the period under review, the export price, however, saw a deep setback. The growth pace was the most rapid in 2018 when the average export price increased by 79%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Moldova ($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 Panama (-3.7%), while the prices for the other major destinations experienced a decline.

Preserved Tuna Imports

Imports into Ukraine

In 2021, purchases abroad of tuna (prepared or preserved) increased by 7.5% to X tons, rising for the sixth consecutive year after two years of decline. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 105% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, preserved tuna imports rose rapidly to $X in 2021. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 121% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of preserved tuna to Ukraine, with a 80% share of total imports. Moreover, preserved tuna imports from Thailand exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold. The third position in this ranking was taken by Croatia (X tons), with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand stood at +25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+16.3% per year) and Croatia (+215.2% per year).

In value terms, Thailand ($X) constituted the largest supplier of tuna (prepared or preserved) to Ukraine, comprising 67% of total imports. The second position in the ranking was taken by Spain ($X), with a 10% share of total imports. It was followed by Croatia, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand totaled +23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+20.7% per year) and Croatia (+174.1% per year).

Import Prices by Country

In 2021, the average preserved tuna import price amounted to $X per ton, flattening at the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 an increase of 13%. The import price peaked in 2021 and is likely to continue growth in the near future.

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 ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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