Ecuador - Bigeye Tuna - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBigeye Tuna Price in Ecuador - 2022
Contents:
- Bigeye Tuna Price in Ecuador (CIF) - 2022
- Bigeye Tuna Price in Ecuador (FOB) - 2022
- Bigeye Tuna Imports in Ecuador
- Bigeye Tuna Exports in Ecuador
Bigeye Tuna Price in Ecuador (CIF) - 2022
The average bigeye tuna import price stood at $2,378 per ton in January 2022, with an increase of 38% against the previous month. Overall, import price indicated pronounced growth from January 2021 to January 2022: its price increased at an average monthly rate of +3.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, bigeye tuna import price increased by +87.5% against October 2021 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In January 2022, the highest price was recorded for prices from Curacao ($1,670 per ton) and France ($1,662 per ton), while the price for Panama ($1,512 per ton) and Singapore ($1,518 per ton) were amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Bigeye Tuna Price in Ecuador (FOB) - 2022
The average bigeye tuna export price stood at $1,342 per ton in 2022, growing by 2.6% against the previous year. In general, the export price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 223%. As a result, the export price attained the peak level of $6,382 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Peru.
From 2012 to 2022, the rate of growth in terms of prices for Venezuela amounted to +32.2% per year.
Bigeye Tuna Imports in Ecuador
Bigeye tuna imports into Ecuador declined notably to 4.7K tons in 2022, falling by -36.8% compared with the year before. In general, imports continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2021 with an increase of 279% against the previous year. As a result, imports attained the peak of 7.5K tons, and then reduced notably in the following year.
In value terms, bigeye tuna imports dropped remarkably to $6.5M in 2022. Overall, imports showed a mild descent. The pace of growth appeared the most rapid in 2021 with an increase of 269% against the previous year. As a result, imports attained the peak of $10M, and then contracted notably in the following year.
| Import of Bigeye Tuna in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 1,175 | 692 | 2,152 | 1,362 | 5.0% |
| Seychelles | 1,777 | 243 | 1,367 | 1,279 | -10.4% |
| Spain | 1,949 | 82.8 | 164 | 1,040 | -18.9% |
| United States | 315 | 124 | 815 | 504 | 17.0% |
| Nicaragua | 398 | 430 | 313 | 474 | 6.0% |
| Venezuela | 400 | 316 | 447 | 446 | 3.7% |
| South Korea | 100 | 6.8 | 523 | 323 | 47.8% |
| Nauru | N/A | N/A | 1,055 | N/A | 0% |
| Others | 649 | 887 | 3,437 | 1,099 | 19.2% |
| Total | 6,764 | 2,781 | 10,274 | 6,528 | -1.2% |
Top Suppliers of Bigeye Tuna to Ecuador in 2022:
- Spain (1428.2 tons)
- Panama (905.2 tons)
- Seychelles (780.0 tons)
- United States (327.1 tons)
- Venezuela (256.0 tons)
- Nicaragua (252.0 tons)
- South Korea (177.7 tons)
Bigeye Tuna Exports in Ecuador
After three years of growth, overseas shipments of bigeye tuna decreased by -12.1% to 578 tons in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +13.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 31%. As a result, the exports attained the peak of 658 tons, and then contracted in the following year.
In value terms, bigeye tuna exports dropped to $776K in 2022. Overall, exports faced a significant decrease. The pace of growth was the most pronounced in 2021 with an increase of 25%.
| Export of Bigeye Tuna in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 15.4 | 65.0 | 777 | 687 | 254.7% |
| United States | 1,478 | 4.0 | 48.0 | 57.1 | -66.2% |
| Portugal | 129 | 12.8 | 35.8 | 31.7 | -37.4% |
| Spain | N/A | 496 | N/A | N/A | 0% |
| Japan | 888 | N/A | N/A | N/A | 0% |
| Colombia | N/A | 114 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2,510 | 691 | 861 | 776 | -32.4% |
Top Export Markets for Bigeye Tuna from Ecuador in 2022:
- Peru (564.1 tons)
- Portugal (7.8 tons)
- United States (6.5 tons)
This report provides an in-depth analysis of the bigeye tuna market in Ecuador. 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 2025.
Product coverage:
Country coverage:
- Ecuador
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ecuador
- 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
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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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