CIS: Frozen Yellowfin Tuna Market 2022

Frozen Yellowfin Tuna Market Size in CIS

The CIS frozen yellowfin tuna market surged to $X in 2020, with an increase of X% against the previous year. Overall, consumption recorded prominent growth. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. The level of consumption peaked in 2020 and is likely to continue growth in years to come.

Frozen Yellowfin Tuna Production in CIS

In value terms, frozen yellowfin tuna production surged to $X in 2020 estimated in export prices. In general, production showed a resilient expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Production By Country in CIS

Russia (X tons) constituted the country with the largest volume of frozen yellowfin tuna production, comprising approx. X% of total volume. Moreover, frozen yellowfin tuna production in Russia exceeded the figures recorded by the second-largest producer, Tajikistan (X tons), threefold.

From 2007 to 2020, the average annual growth rate of volume in Russia stood at +X%. The remaining producing countries recorded the following average annual rates of production growth: Tajikistan (+X% per year) and Kazakhstan (+X% per year).

Frozen Yellowfin Tuna Exports

Exports in CIS

Frozen yellowfin tuna exports soared to X tons in 2020, growing by X% against 2019. Over the period under review, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, exports attained the maximum in 2020 and are likely to see steady growth in the near future.

In value terms, frozen yellowfin tuna exports rose significantly to $X in 2020. In general, exports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Russia (X tons) represented roughly X% of total exports of frozen yellowfin tuna in 2020.

Russia was also the fastest-growing in terms of the frozen yellowfin tuna exports, with a CAGR of +X% from 2007 to 2020. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest frozen yellowfin tuna supplier in the CIS.

In Russia, frozen yellowfin tuna exports declined by an average annual rate of -X% over the period from 2007-2020.

Export Prices by Country

In 2020, the frozen yellowfin tuna export price in the CIS amounted to $X per ton, reducing by -X% against the previous year. In general, the export price recorded a deep slump. The growth pace was the most rapid in 2019 when the export price increased by X% y-o-y. The level of export peaked at $X per ton in 2010; however, from 2011 to 2020, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2007 to 2020, the rate of growth in terms of prices for Russia amounted to -X% per year.

Frozen Yellowfin Tuna Imports

Imports in CIS

In 2020, supplies from abroad of frozen yellowfin tuna increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, continue to indicate a slight decrease. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. The volume of import peaked at X tons in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

In value terms, frozen yellowfin tuna imports declined markedly to $X in 2020. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Russia (X tons) represented the major importer of frozen yellowfin tuna, generating X% of total imports. It was distantly followed by Belarus (X tons), Kazakhstan (X tons), Azerbaijan (X tons) and Moldova (X tons), together committing a X% share of total imports.

From 2007 to 2020, average annual rates of growth with regard to frozen yellowfin tuna imports into Russia stood at -X%. At the same time, Belarus (+X%), Kazakhstan (+X%) and Moldova (+X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of +X% from 2007-2020. By contrast, Azerbaijan (-X%) illustrated a downward trend over the same period. While the share of Belarus (+X p.p.), Kazakhstan (+X p.p.), Azerbaijan (+X p.p.) and Moldova (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Russia (-X p.p.) displayed negative dynamics.

In value terms, the largest frozen yellowfin tuna importing markets in the CIS were Russia ($X), Kazakhstan ($X) and Belarus ($X), with a combined X% share of total imports.

Belarus saw the highest rates of growth with regard to the value of imports, among 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

In 2020, the frozen yellowfin tuna import price in the CIS amounted to $X per ton, waning by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2009 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2019, and then reduced markedly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Azerbaijan ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Azerbaijan, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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