Germany: Frozen Yellowfin Tuna Market 2022

Frozen Yellowfin Tuna Market Size in Germany

The German frozen yellowfin tuna market totaled $X in 2019, approximately mirroring the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2007; afterwards, it flattened through to 2019.

Frozen Yellowfin Tuna Production in Germany

In value terms, frozen yellowfin tuna production soared to $X in 2020 estimated in export prices. Overall, production continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Frozen yellowfin tuna production peaked at $X in 2016; however, from 2017 to 2020, production stood at a somewhat lower figure.

Frozen Yellowfin Tuna Exports

Exports from Germany

In 2020, overseas shipments of frozen yellowfin tuna decreased by -X% to X tons, falling for the fourth year in a row after three years of growth. Over the period under review, exports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at X tons in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

In value terms, frozen yellowfin tuna exports rose modestly to $X in 2020. In general, exports, however, saw resilient growth. The pace of growth appeared the most rapid in 2011 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for frozen yellowfin tuna exports from Germany, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to the Netherlands amounted to +X%.

In value terms, the Netherlands ($X) also remains the key foreign market for frozen yellowfin tuna exports from Germany.

From 2007 to 2020, the average annual growth rate of value to the Netherlands totaled +X%.

Export Prices by Country

The average frozen yellowfin tuna export price stood at $X per ton in 2020, increasing by X% against the previous year. Over the period under review, export price indicated a perceptible increase from 2007 to 2020: its price 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. Based on 2020 figures, frozen yellowfin tuna export price decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2011 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2020, export prices remained at a lower figure.

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

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

Frozen Yellowfin Tuna Imports

Imports into Germany

In 2020, after five years of growth, there was significant decline in purchases abroad of frozen yellowfin tuna, when their volume decreased by -X% to X tons. In general, imports continue to indicate a sharp shrinkage. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2019, and then shrank markedly in the following year.

In value terms, frozen yellowfin tuna imports dropped rapidly to $X in 2020. Overall, imports showed a sharp slump. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at $X in 2019, and then contracted remarkably in the following year.

Imports by Country

In 2020, Vietnam (X tons) constituted the largest supplier of frozen yellowfin tuna to Germany, with a X% share of total imports. Moreover, frozen yellowfin tuna imports from Vietnam exceeded the figures recorded by the second-largest supplier, Denmark (X kg), threefold. The Netherlands (X kg) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Vietnam totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-X% per year) and the Netherlands (-X% per year).

In value terms, the largest frozen yellowfin tuna suppliers to Germany were Denmark ($X), Vietnam ($X) and the Netherlands ($X), with a combined X% share of total imports. Portugal lagged somewhat behind, accounting for a further X recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2020, the average frozen yellowfin tuna import price amounted to $X per ton, declining by -X% against the previous year. Overall, the import price, however, continues to indicate resilient growth. The growth pace was the most rapid in 2011 an increase of X% y-o-y. The import price peaked at $X per ton in 2019, and then contracted rapidly in the following year.

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

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

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Source: IndexBox Platform

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