MERCOSUR: Preserved Tuna Market 2024

Preserved Tuna Market Size in MERCOSUR

In 2023, after two years of growth, there was decline in the MERCOSUR preserved tuna market, when its value decreased by X% to $X. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Preserved Tuna Production in MERCOSUR

In value terms, preserved tuna production reached $X in 2023 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Preserved Tuna Exports

Exports in MERCOSUR

In 2023, approx. X tons of tuna (prepared or preserved) were exported in MERCOSUR; approximately reflecting 2022 figures. Total exports indicated a tangible increase 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. 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%. Over the period under review, the exports reached the peak figure in 2023 and are likely to see steady growth in the near future.

In value terms, preserved tuna exports amounted to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021; afterwards, it flattened through to 2023.

Exports by Country

Ecuador prevails in exports structure, recording X tons, which was approx. X% of total exports in 2023. The following exporters - Peru (X tons) and Brazil (X tons) - together made up X% of total exports.

Exports from Ecuador increased at an average annual rate of X% from 2012 to 2023. At the same time, Peru (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. Peru (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ecuador ($X) remains the largest preserved tuna supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Peru ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Ecuador totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Peru (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, showed a mild decline. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced a decline in the export price figures.

Preserved Tuna Imports

Imports in MERCOSUR

In 2023, preserved tuna imports in MERCOSUR declined to X tons, reducing by X% on the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached 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 reduced slightly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Colombia (X tons), distantly followed by Chile (X tons), Peru (X tons) and Argentina (X tons) were the main importers of tuna (prepared or preserved), together committing X% of total imports. The following importers - Uruguay (X tons) and Venezuela (X tons) - each finished at a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Colombia (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 MERCOSUR were Colombia ($X), Chile ($X) and Peru ($X), with a combined X% share of total imports.

Colombia, with a CAGR of X%, recorded the highest rates of growth with regard to 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 MERCOSUR stood at $X per ton in 2023, rising by X% against the previous year. In general, the import price, however, recorded a slight descent. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Argentina ($X per ton) and Uruguay ($X per ton), while Venezuela ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uruguay (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform