EU: Frozen Yellowfin Tuna Market 2022

Frozen Yellowfin Tuna Market Size in the EU

The EU frozen yellowfin tuna market was finally on the rise to reach $X in 2020, after two years of decline. In general, consumption posted a notable expansion. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, the market reached the maximum level in 2020 and is expected to retain growth in the immediate term.

Frozen Yellowfin Tuna Production in the EU

In value terms, frozen yellowfin tuna production contracted to $X in 2020 estimated in export prices. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the production volume increased by X% y-o-y. The level of production peaked at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

Production By Country in the EU

The country with the largest volume of frozen yellowfin tuna production was France (X tons), comprising approx. X% of total volume. It was followed by Germany (X tons), with a X% share of total production.

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

Frozen Yellowfin Tuna Exports

Exports in the EU

In 2020, the amount of frozen yellowfin tuna exported in the European Union dropped to X tons, with a decrease of -X% against the previous year's figure. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

In value terms, frozen yellowfin tuna exports fell rapidly to $X in 2020. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. The level of export peaked at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

Spain (X tons) and France (X tons) dominates frozen yellowfin tuna exports structure, together constituting X% of total exports. Germany (X tons) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Germany, while exports for the other leaders experienced mixed trends in the exports figures.

In value terms, Spain ($X), France ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2020, together comprising X% of total exports.

Among the main exporting countries, Germany saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2020, the frozen yellowfin tuna export price in the European Union amounted to $X per ton, waning by -X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X% year-to-year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2020, export prices failed to regain the momentum.

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

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

Frozen Yellowfin Tuna Imports

Imports in the EU

In 2020, approx. X tons of frozen yellowfin tuna were imported in the European Union; picking up by X% against the year before. The total import volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, frozen yellowfin tuna imports rose notably to $X in 2020. Total imports indicated a noticeable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Spain (X tons) was the key importer of frozen yellowfin tuna, mixing up X% of total imports. It was distantly followed by Italy (X tons), committing a X% share of total imports. The following importers - France (X tons) and Portugal (X tons) - each resulted at a X% share of total imports.

Spain experienced a relatively flat trend pattern with regard to volume of imports of frozen yellowfin tuna. At the same time, Italy (+X%) and Portugal (+X%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing importer imported in the European Union, with a CAGR of +X% from 2007-2020. By contrast, France (-X%) illustrated a downward trend over the same period. While the share of Italy (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of France (-X p.p.) and Spain (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Spain, frozen yellowfin tuna imports increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Italy (+X% per year) and France (-X% per year).

Import Prices by Country

The frozen yellowfin tuna import price in the European Union stood at $X per ton in 2020, flattening at the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2012 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in France ($X per ton) and Portugal ($X per ton), while Spain ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by France, while the other leaders experienced more modest paces of growth.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :