Spain: Frozen Yellowfin Tuna Market 2022

Frozen Yellowfin Tuna Market Size in Spain

The Spanish frozen yellowfin tuna market shrank to $X in 2020, falling 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). Overall, consumption, however, enjoyed a modest increase. The most prominent rate of growth was recorded in 2016 when the market value increased by X% year-to-year. Frozen yellowfin tuna consumption peaked at $X in 2019, and then dropped in the following year.

Frozen Yellowfin Tuna Exports

Exports from Spain

After seven years of decline, shipments abroad of frozen yellowfin tuna increased by X% to X tons in 2020. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when exports increased by X% against the previous year. Exports peaked at X tons in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen yellowfin tuna exports totaled $X in 2020. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Exports peaked at $X in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

Exports by Country

Seychelles (X tons), Mauritius (X tons) and Ecuador (X tons) were the main destinations of frozen yellowfin tuna exports from Spain, with a combined X% share of total exports. These countries were followed by Cabo Verde, Portugal, Italy, Ghana, Turkey, Tunisia, El Salvador, Morocco, Thailand and Indonesia, which together accounted for a further X 2007 to 2020, the biggest increases were in Indonesia (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen yellowfin tuna exported from Spain were Seychelles ($X), Italy ($X) and Mauritius ($X), together accounting for X% of total exports. These countries were followed by Cabo Verde, Ecuador, Ghana, Portugal, El Salvador, Turkey, Indonesia, Thailand, Tunisia and Morocco, which together accounted for a further X (+X% per year) saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average frozen yellowfin tuna export price stood at $X per ton in 2020, shrinking by -X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. Over the period under review, average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per ton), while the average price for exports to Tunisia ($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 Italy, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Yellowfin Tuna Imports

Imports into Spain

In 2020, imports of frozen yellowfin tuna into Spain contracted to X tons, with a decrease of -X% compared with the year before. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, frozen yellowfin tuna imports shrank to $X in 2020. Over the period under review, total imports indicated slight growth 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. Based on 2020 figures, imports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Mexico (X tons), South Korea (X tons) and China (X tons) were the main suppliers of frozen yellowfin tuna imports to Spain, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), South Korea ($X) and China ($X) appeared to be the largest frozen yellowfin tuna suppliers to Spain, with a combined X% share of total imports.

In terms of the main suppliers, China (+X% per year) recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen yellowfin tuna import price stood at $X per ton in 2020, which is down by -X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the countries with the highest prices were Mexico ($X per ton) and South Korea ($X per ton), while the price for El Salvador ($X per ton) and Curacao ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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