Portugal - Frozen Yellowfin Tuna - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Yellowfin Tuna Price in Portugal - 2023
Contents:
- Frozen Yellowfin Tuna Price in Portugal (CIF) - 2023
- Frozen Yellowfin Tuna Price in Portugal (FOB) - 2023
- Frozen Yellowfin Tuna Imports in Portugal
- Frozen Yellowfin Tuna Exports in Portugal
Frozen Yellowfin Tuna Price in Portugal (CIF) - 2023
The average frozen yellowfin tuna import price stood at $2,841 per ton in June 2023, dropping by -12.8% against the previous month. In general, the import price showed a mild descent. The pace of growth appeared the most rapid in January 2023 an increase of 52% against the previous month. The import price peaked at $7,630 per ton in April 2023; however, from May 2023 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Ecuador ($3,708 per ton), while the price for Spain ($2,428 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by India (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Yellowfin Tuna Price in Portugal (FOB) - 2023
In June 2023, the average frozen yellowfin tuna export price amounted to $4,085 per ton, surging by 2.9% against the previous month. Over the period under review, the export price, however, saw a slight decline. The pace of growth appeared the most rapid in December 2022 an increase of 39% against the previous month. Over the period under review, the average export prices attained the peak figure at $6,633 per ton in February 2023; however, from March 2023 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Italy ($6,591 per ton), while the average price for exports to Spain ($3,684 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Yellowfin Tuna Imports in Portugal
For the fourth year in a row, Portugal recorded growth in overseas purchases of frozen yellowfin tuna, which increased by 13% to 3.6K tons in 2022. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 37% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, frozen yellowfin tuna imports surged to $14M in 2022. Overall, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Yellowfin Tuna in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1.5 | 5.2 | 6.6 | 7.6 | 71.8% |
| Ecuador | N/A | N/A | 0.4 | 2.9 | 625.0% |
| India | 1.1 | 0.3 | 0.3 | 1.7 | 15.6% |
| China | N/A | N/A | 0.1 | 0.5 | 400.0% |
| Nicaragua | N/A | N/A | N/A | 0.3 | 0% |
| Suriname | 2.0 | 0.8 | N/A | N/A | -60.0% |
| Others | 1.3 | 0.8 | 1.8 | 0.7 | -18.6% |
| Total | 5.9 | 7.0 | 9.2 | 13.7 | 32.4% |
Top Suppliers of Frozen Yellowfin Tuna to Portugal in 2022:
- Spain (1998.3 tons)
- Ecuador (760.2 tons)
- India (477.9 tons)
- China (150.0 tons)
- Nicaragua (66.9 tons)
Frozen Yellowfin Tuna Exports in Portugal
In 2022, exports of frozen yellowfin tuna from Portugal reduced dramatically to 1.2K tons, dropping by -27.3% against the year before. In general, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 218% against the previous year. As a result, the exports reached the peak of 1.7K tons, and then fell notably in the following year.
In value terms, frozen yellowfin tuna exports surged to $5.1M in 2022. Overall, exports, however, recorded a noticeable increase. The growth pace was the most rapid in 2021 with an increase of 134% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Frozen Yellowfin Tuna in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 3.5 | 1.5 | 4.0 | 4.5 | 8.7% |
| Italy | 0.6 | 0.2 | 0.2 | 0.4 | -12.6% |
| Croatia | 0.3 | N/A | N/A | 0.1 | -30.7% |
| Others | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Total | 4.5 | 1.9 | 4.4 | 5.1 | 4.3% |
Top Export Markets for Frozen Yellowfin Tuna from Portugal in 2022:
- Spain (1143.2 tons)
- Italy (62.3 tons)
- Croatia (12.8 tons)
This report provides an in-depth analysis of the frozen yellowfin tuna market in Portugal. 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:
- Portugal
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Portugal
- 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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