Europe: Preserved Tuna Market 2024

Preserved Tuna Market Size in Europe

The Europe preserved tuna market declined slightly to $X in 2023, stabilizing at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the market hit record highs at $X in 2022, and then contracted modestly in the following year.

Preserved Tuna Production in Europe

In value terms, preserved tuna production contracted slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2022, and then dropped in the following year.

Preserved Tuna Exports

Exports in Europe

In 2023, after three years of growth, there was decline in shipments abroad of tuna (prepared or preserved), when their volume decreased by X% to X tons. Total exports indicated a noticeable expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2022, and then contracted slightly in the following year.

In value terms, preserved tuna exports reached $X in 2023. Total exports indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in the near future.

Exports by Country

Spain represented the main exporter of tuna (prepared or preserved) in Europe, with the volume of exports reaching X tons, which was near X% of total exports in 2023. The Netherlands (X tons) took the second position in the ranking, distantly followed by Italy (X tons), Portugal (X tons) and Germany (X tons). All these countries together held approx. X% share of total exports. The following exporters - Belgium (X tons) and Austria (X tons) - each finished at a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Austria (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) remains the largest preserved tuna supplier in Europe, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with an X% share of total exports. It was followed by Italy, with a X% share.

In Spain, preserved tuna exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Italy (X% per year).

Export Prices by Country

In 2023, the export price in Europe amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced more modest paces of growth.

Preserved Tuna Imports

Imports in Europe

In 2023, preserved tuna imports in Europe dropped to X tons, which is down by X% compared with 2022. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, preserved tuna imports stood at $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the immediate term.

Imports by Country

Spain (X tons), Italy (X tons), France (X tons), the UK (X tons), Germany (X tons) and the Netherlands (X tons) represented roughly X% of total imports in 2023. Portugal (X tons) and Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Portugal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved tuna importing markets in Europe were Italy ($X), Spain ($X) and France ($X), with a combined X% share of total imports. The UK, Germany, the Netherlands, Portugal and Belgium lagged somewhat behind, together accounting for a further X%.

Portugal, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Italy ($X per ton) and France ($X per ton), while the UK ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform