Italy: Bigeye Tuna Market 2022

Bigeye Tuna Market Size in Italy

The Italian bigeye tuna market declined sharply to $X in 2020, which is down by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a slight descent. The growth pace was the most rapid in 2019 with an increase of X% year-to-year. Bigeye tuna consumption peaked at $X in 2014; however, from 2015 to 2020, consumption failed to regain the momentum.

Bigeye Tuna Exports

Exports from Italy

In 2020, the amount of bigeye tuna exported from Italy reduced rapidly to X kg, shrinking by -X% on the previous year. In general, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% year-to-year. As a result, exports reached the peak of X tons, and then shrank dramatically in the following year.

In value terms, bigeye tuna exports plummeted to $X in 2020. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. As a result, exports reached the peak of $X, and then contracted notably in the following year.

Exports by Country

Malta (X kg) was the main destination for bigeye tuna exports from Italy, accounting for a X% share of total exports. Moreover, bigeye tuna exports to Malta exceeded the volume sent to the second major destination, Slovenia (X kg), ninefold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Malta stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (X% per year) and Germany (X% per year).

In value terms, Malta ($X) remains the key foreign market for bigeye tuna exports from Italy, comprising X% of total exports. The second position in the ranking was occupied by Slovenia ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Malta amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+X% per year) and Germany (+X% per year).

Export Prices by Country

The average bigeye tuna export price stood at $X per ton in 2020, surging by X% against the previous year. Overall, the export price showed a prominent increase. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Malta ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Malta, while the prices for the other major destinations experienced a decline.

Bigeye Tuna Imports

Imports into Italy

In 2020, imports of bigeye tuna into Italy declined markedly to X tons, with a decrease of -X% against the previous year's figure. Overall, imports continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2019 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2020, imports remained at a lower figure.

In value terms, bigeye tuna imports contracted markedly to $X in 2020. Over the period under review, imports showed a mild setback. The most prominent rate of growth was recorded in 2019 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

Spain (X tons), Seychelles (X tons) and Mauritius (X tons) were the main suppliers of bigeye tuna imports to Italy, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in Seychelles, while purchases for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X) constituted the largest supplier of bigeye tuna to Italy, comprising X% of total imports. The second position in the ranking was occupied by Seychelles ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Seychelles (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

The average bigeye tuna import price stood at $X per ton in 2020, with an increase of X% against the previous year. Overall, import price indicated a slight 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, bigeye tuna import price decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2009 an increase of X% year-to-year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2020, import prices stood at a somewhat lower figure.

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

Source: IndexBox Platform

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