EU: Bigeye Tuna Market 2022

Bigeye Tuna Market Size in the EU

The EU bigeye tuna market skyrocketed to $X in 2020, rising by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Bigeye Tuna Production in the EU

In value terms, bigeye tuna production reduced dramatically to $X in 2020 estimated in export prices. Overall, production saw a abrupt decrease. The pace of growth was the most pronounced in 2019 when the production volume increased by X% y-o-y. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2020, production remained at a lower figure.

Production By Country in the EU

France (X tons) remains the largest bigeye tuna producing country in the European Union, accounting for X% of total volume. Moreover, bigeye tuna production in France exceeded the figures recorded by the second-largest producer, the Netherlands (X tons), sevenfold.

From 2007 to 2020, the average annual growth rate of volume in France was relatively modest.

Bigeye Tuna Exports

Exports in the EU

In 2020, overseas shipments of bigeye tuna decreased by -X% to X tons, falling for the second consecutive year after four years of growth. Overall, exports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, exports attained the peak of X tons. from 2019 to 2020, the growth exports remained at a lower figure.

In value terms, bigeye tuna exports dropped dramatically to $X in 2020. In general, exports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at $X in 2013; however, from 2014 to 2020, exports remained at a lower figure.

Exports by Country

Spain was the key exporter of bigeye tuna in the European Union, with the volume of exports reaching X tons, which was approx. X% of total exports in 2020. It was distantly followed by France (X tons), generating a X% share of total exports. Portugal (X tons) held a minor share of total exports.

Exports from Spain decreased at an average annual rate of -X% from 2007 to 2020. At the same time, France (+X%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +X% from 2007-2020. By contrast, Portugal (-X%) illustrated a downward trend over the same period. France (+X p.p.) significantly strengthened its position in terms of the total exports, while Spain saw its share reduced by -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X) remains the largest bigeye tuna supplier in the European Union, comprising X% of total exports. The second position in the ranking was occupied by France ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value in Spain stood at -X%. In the other countries, the average annual rates were as follows: France (+X% per year) and Portugal (+X% per year).

Export Prices by Country

The bigeye tuna export price in the European Union stood at $X per ton in 2020, shrinking by -X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by X% year-to-year. Over the period under review, export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Portugal ($X per ton), while France ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Portugal, while the other leaders experienced a decline in the export price figures.

Bigeye Tuna Imports

Imports in the EU

In 2020, the amount of bigeye tuna imported in the European Union surged to X tons, picking up by X% compared with the previous year. Overall, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, bigeye tuna imports skyrocketed to $X in 2020. Over the period under review, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

Spain dominates bigeye tuna imports structure, recording X tons, which was near X% of total imports in 2020. It was distantly followed by Portugal (X tons), making up a X% share of total imports.

From 2007 to 2020, average annual rates of growth with regard to bigeye tuna imports into Spain stood at +X%. At the same time, Portugal (+X%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing importer imported in the European Union, with a CAGR of +X% from 2007-2020. From 2007 to 2020, the share of Spain and Portugal increased by +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X) constitutes the largest market for imported bigeye tuna in the European Union, comprising X% of total imports. The second position in the ranking was occupied by Portugal ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value in Spain stood at +X%.

Import Prices by Country

In 2020, the bigeye tuna import price in the European Union amounted to $X per ton, dropping by -X% against the previous year. In general, the import price continues to indicate a mild decline. The most prominent rate of growth was recorded in 2011 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2020, the country with the highest price was Portugal ($X per ton), while Spain amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Portugal.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :