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United Kingdom - Tuna (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Tuna Price in the UK - 2023
Contents:
- Preserved Tuna Price in the UK (CIF) - 2023
- Preserved Tuna Price in the UK (FOB) - 2022
- Preserved Tuna Imports in the UK
- Preserved Tuna Exports in the UK
Preserved Tuna Price in the UK (CIF) - 2023
In May 2023, the average preserved tuna import price amounted to $5,461 per ton, increasing by 2.4% against the previous month. Over the period from May 2022 to May 2023, it increased at an average monthly rate of +1.2%. The pace of growth was the most pronounced in November 2022 when the average import price increased by 18% against the previous month. The import price peaked in May 2023.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Spain ($7,924 per ton), while the price for Indonesia ($4,263 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Spain (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Tuna Price in the UK (FOB) - 2022
In 2022, the average preserved tuna export price amounted to $6,328 per ton, stabilizing at the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 65%. Over the period under review, the average export prices hit record highs at $6,636 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($13,283 per ton), while the average price for exports to the Philippines ($3,175 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Tuna Imports in the UK
In 2022, purchases abroad of tuna (prepared or preserved) was finally on the rise to reach 96K tons after two years of decline. Over the period under review, imports, however, continue to indicate a noticeable decrease.
In value terms, preserved tuna imports fell modestly to $448M in 2022. In general, imports, however, continue to indicate a noticeable descent.
Import of Preserved Tuna in the UK (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ecuador | 54.9 | 107 | 142 | 130 | 33.3% |
Mauritius | 68.3 | 51.4 | 53.1 | 71.7 | 1.6% |
Seychelles | 75.3 | 65.6 | 64.8 | 63.2 | -5.7% |
Ghana | 56.9 | 58.4 | 39.9 | 52.0 | -3.0% |
Philippines | 50.8 | 43.0 | 26.3 | 36.6 | -10.4% |
Spain | 56.4 | 39.4 | 23.5 | 29.0 | -19.9% |
Peru | 10.7 | 6.4 | 6.0 | 13.3 | 7.5% |
Indonesia | 15.5 | 9.4 | 15.3 | 12.4 | -7.2% |
Maldives | 8.7 | 6.2 | 9.4 | 12.1 | 11.6% |
Thailand | 22.7 | 16.6 | 10.8 | 8.6 | -27.6% |
Papua New Guinea | 16.1 | 11.2 | 9.7 | 8.5 | -19.2% |
Portugal | 16.8 | 16.0 | 8.3 | 1.7 | -53.4% |
Germany | 35.0 | 32.0 | 1.2 | 0.9 | -70.5% |
Others | 24.7 | 20.5 | 39.2 | 8.3 | -30.5% |
Total | 513 | 483 | 450 | 448 | -4.4% |
Top Suppliers of Preserved Tuna to the UK in 2022:
- Ecuador (27.9K tons)
- Mauritius (14.3K tons)
- Seychelles (12.6K tons)
- Ghana (10.2K tons)
- Spain (10.0K tons)
- Philippines (7.1K tons)
- Peru (3.1K tons)
- Indonesia (2.8K tons)
- Maldives (2.7K tons)
- Papua New Guinea (1.9K tons)
- Thailand (1.4K tons)
- Portugal (0.2K tons)
- Germany (0.2K tons)
Preserved Tuna Exports in the UK
In 2022, shipments abroad of tuna (prepared or preserved) decreased by -4.9% to 397 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a precipitous setback. The pace of growth was the most pronounced in 2020 when exports increased by 22%. As a result, the exports reached the peak of 4K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, preserved tuna exports reduced to $2.5M in 2022. In general, exports saw a sharp descent. The growth pace was the most rapid in 2020 when exports increased by 10% against the previous year. As a result, the exports attained the peak of $24M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Preserved Tuna in the UK (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ireland | 16,609 | 19,299 | 1,343 | 411 | -70.9% |
Mauritius | N/A | N/A | 26.8 | 274 | 922.4% |
France | 386 | 267 | 82.8 | 232 | -15.6% |
Kuwait | N/A | 3.7 | 14.8 | 140 | 515.1% |
Malaysia | N/A | N/A | 6.8 | 137 | 1914.7% |
United Arab Emirates | 69.4 | 32.5 | 53.4 | 135 | 24.8% |
Philippines | N/A | 115 | N/A | 112 | -1.3% |
Turkey | 32.7 | N/A | 22.1 | 111 | 50.3% |
Hong Kong SAR | 56.5 | 130 | 162 | 107 | 23.7% |
Italy | 41.0 | 87.5 | 257 | 90.0 | 30.0% |
Ecuador | N/A | 168 | N/A | 63.8 | -38.4% |
Gibraltar | 12.1 | 15.0 | 83.0 | 54.9 | 65.5% |
Spain | 286 | 54.2 | 34.1 | 54.6 | -42.4% |
Others | 4,019 | 3,519 | 580 | 590 | -47.2% |
Total | 21,512 | 23,690 | 2,665 | 2,512 | -51.1% |
Top Export Markets for Preserved Tuna from the UK in 2022:
- Ireland (86.4 tons)
- France (46.5 tons)
- Philippines (35.2 tons)
- Mauritius (20.6 tons)
- Ecuador (19.1 tons)
- Hong Kong SAR (16.2 tons)
- Turkey (15.4 tons)
- Italy (15.3 tons)
- Gibraltar (14.2 tons)
- United Arab Emirates (14.0 tons)
- Kuwait (13.9 tons)
- Malaysia (10.3 tons)
- Spain (7.0 tons)
This report provides an in-depth analysis of the preserved tuna market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10202540 - Prepared or preserved tuna, skipjack and Atlantic bonito, w hole or in pieces (excluding minced products and prepared meals and dishes)
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In March 2023, the preserved tuna price amounted to $5,291 per ton (CIF, United Kingdom), picking up by 18% against the previous month.
In March 2023, the growth pace accelerated significantly with a 49% increase from the previous month. The value of preserved anchovies imports skyrocketed to $1.4M in November 2023.
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In March 2023, the preserved tuna price amounted to $5,291 per ton (CIF, United Kingdom), picking up by 18% against the previous month.
In March 2023, the growth pace accelerated significantly with a 49% increase from the previous month. The value of preserved anchovies imports skyrocketed to $1.4M in November 2023.
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