Canada - Frozen Yellowfin Tuna - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Yellowfin Tuna Price in Canada - 2023
Contents:
- Frozen Yellowfin Tuna Price in Canada (CIF) - 2023
- Frozen Yellowfin Tuna Price in Canada (FOB) - 2022
- Frozen Yellowfin Tuna Imports in Canada
- Frozen Yellowfin Tuna Exports in Canada
Frozen Yellowfin Tuna Price in Canada (CIF) - 2023
The average frozen yellowfin tuna import price stood at $12,968 per ton in June 2023, stabilizing at the previous month. In general, the import price showed a pronounced decrease. The pace of growth was the most pronounced in April 2023 an increase of 115% month-to-month. Over the period under review, average import prices attained the maximum at $17,459 per ton in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Vietnam ($12,974 per ton), while the price for the Philippines amounted to $10,535 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Vietnam (-2.5%), while the prices for the other major suppliers experienced a decline.
Frozen Yellowfin Tuna Price in Canada (FOB) - 2022
In 2022, the average frozen yellowfin tuna export price amounted to $5,361 per ton, remaining constant against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen yellowfin tuna export price decreased by -31.3% against 2015 indices. The pace of growth appeared the most rapid in 2015 an increase of 68% against the previous year. As a result, the export price reached the peak level of $7,800 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($6,272 per ton), while the average price for exports to Vietnam ($2,512 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 Taiwan (Chinese) (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Yellowfin Tuna Imports in Canada
In 2022, the amount of frozen yellowfin tuna imported into Canada surged to 431 tons, rising by 81% compared with the previous year's figure. Over the period under review, imports posted a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 120%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, frozen yellowfin tuna imports skyrocketed to $6.4M in 2022. In general, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Frozen Yellowfin Tuna in Canada (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 709 | 2,215 | 2,401 | 5,004 | 91.8% |
Thailand | 107 | 124 | 164 | 408 | 56.2% |
Philippines | 147 | 102 | 134 | 279 | 23.8% |
India | 201 | 127 | 16.7 | 257 | 8.5% |
China | 51.0 | 33.4 | 37.0 | 88.6 | 20.2% |
Others | 174 | 138 | 216 | 389 | 30.8% |
Total | 1,389 | 2,739 | 2,968 | 6,425 | 66.6% |
Top Suppliers of Frozen Yellowfin Tuna to Canada in 2022:
- Vietnam (323.4 tons)
- India (46.3 tons)
- Philippines (16.8 tons)
- Thailand (15.1 tons)
- China (9.0 tons)
Frozen Yellowfin Tuna Exports in Canada
In 2022, shipments abroad of frozen yellowfin tuna decreased by -0.2% to 54 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 164% against the previous year.
In value terms, frozen yellowfin tuna exports shrank modestly to $290K in 2022. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 141%.
Export of Frozen Yellowfin Tuna in Canada (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 100 | 89.4 | 252 | 255 | 36.6% |
Vietnam | 16.4 | 12.2 | 34.5 | 32.3 | 25.3% |
France | N/A | 186 | N/A | N/A | 0% |
Others | 3.4 | 1.7 | 3.7 | 2.8 | -6.3% |
Total | 120 | 289 | 291 | 290 | 34.2% |
Top Export Markets for Frozen Yellowfin Tuna from Canada in 2022:
- China (40.6 tons)
- Vietnam (12.8 tons)
This report provides an in-depth analysis of the frozen yellowfin tuna market in Canada. 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:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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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