Philippines - Bigeye Tuna - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBigeye Tuna Price in the Philippines - 2023
Contents:
- Bigeye Tuna Price in the Philippines (CIF) - 2022
- Bigeye Tuna Price in the Philippines (FOB) - 2022
- Bigeye Tuna Imports in the Philippines
- Bigeye Tuna Exports in the Philippines
Bigeye Tuna Price in the Philippines (CIF) - 2022
In 2022, the average bigeye tuna import price amounted to $3,099 per ton, with an increase of 63% against the previous year. Overall, the import price showed a strong increase. The pace of growth was the most pronounced in 2016 an increase of 73%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Kiribati ($3,209 per ton) and Papua New Guinea ($3,202 per ton), while the price for Indonesia ($3,054 per ton) and China ($3,073 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kiribati (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Bigeye Tuna Price in the Philippines (FOB) - 2022
The average bigeye tuna export price stood at $1,690 per ton in 2022, approximately reflecting the previous year. In general, the export price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2017 an increase of 16% against the previous year. The export price peaked at $8,593 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Thailand.
From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to -3.1% per year.
Bigeye Tuna Imports in the Philippines
In 2022, after two years of decline, there was significant growth in overseas purchases of bigeye tuna, when their volume increased by 169% to 821 tons. Over the period under review, imports, however, continue to indicate a deep reduction.
In value terms, bigeye tuna imports surged to $2.5M in 2022. In general, imports, however, recorded a slight decline.
| Import of Bigeye Tuna in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 841 | 1,728 | 63.4 | 1,186 | 12.1% |
| China | 944 | 37.7 | 253 | 632 | -12.5% |
| Papua New Guinea | 247 | 56.7 | 171 | 408 | 18.2% |
| Taiwan (Chinese) | 132 | 290 | 26.8 | 208 | 16.4% |
| Kiribati | 57.2 | 41.9 | 46.0 | 110 | 24.4% |
| Spain | 251 | N/A | N/A | N/A | 0% |
| Switzerland | 136 | N/A | N/A | N/A | 0% |
| Micronesia | N/A | 123 | 15.5 | N/A | -87.4% |
| Others | 82.0 | 238 | 4.2 | N/A | -77.4% |
| Total | 2,690 | 2,516 | 580 | 2,543 | -1.9% |
Top Suppliers of Bigeye Tuna to the Philippines in 2022:
- Indonesia (388.2 tons)
- China (205.7 tons)
- Papua New Guinea (127.4 tons)
- Taiwan (Chinese) (65.1 tons)
- Kiribati (34.2 tons)
Bigeye Tuna Exports in the Philippines
In 2022, bigeye tuna exports from the Philippines contracted rapidly to 101 tons, shrinking by -40.8% compared with 2021 figures. Overall, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 441% against the previous year. As a result, the exports attained the peak of 170 tons, and then declined dramatically in the following year.
In value terms, bigeye tuna exports reduced notably to $170K in 2022. In general, exports, however, showed buoyant growth. The pace of growth was the most pronounced in 2021 when exports increased by 423%. As a result, the exports reached the peak of $286K, and then declined markedly in the following year.
| Export of Bigeye Tuna in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 146 | 43.3 | 93.4 | 170 | 5.2% |
| Vietnam | N/A | N/A | 193 | N/A | 0% |
| Others | N/A | 11.3 | N/A | N/A | 0% |
| Total | 146 | 54.6 | 286 | 170 | 5.2% |
Top Export Markets for Bigeye Tuna from the Philippines in 2022:
- Thailand (100.8 tons)
This report provides an in-depth analysis of the bigeye tuna market in the Philippines. 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:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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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