Spain - Frozen Yellowfin Tuna - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Yellowfin Tuna Price in Spain - 2023
Contents:
- Frozen Yellowfin Tuna Price in Spain (CIF) - 2023
- Frozen Yellowfin Tuna Price in Spain (FOB) - 2023
- Frozen Yellowfin Tuna Imports in Spain
- Frozen Yellowfin Tuna Exports in Spain
Frozen Yellowfin Tuna Price in Spain (CIF) - 2023
In June 2023, the average frozen yellowfin tuna import price amounted to $3,250 per ton, dropping by -5.6% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 23% against the previous month. As a result, import price attained the peak level of $3,802 per ton. From May 2023 to June 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($5,381 per ton), while the price for Tanzania ($2,365 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 China (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Yellowfin Tuna Price in Spain (FOB) - 2023
The average frozen yellowfin tuna export price stood at $2,702 per ton in June 2023, which is down by -12.5% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 when the average export price increased by 82% against the previous month. As a result, the export price reached the peak level of $4,957 per ton. From August 2022 to June 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Italy ($10,395 per ton), while the average price for exports to the Philippines ($2,021 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 the Philippines (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Yellowfin Tuna Imports in Spain
In 2022, supplies from abroad of frozen yellowfin tuna was finally on the rise to reach 71K tons after two years of decline. Overall, imports, however, showed a abrupt decrease.
In value terms, frozen yellowfin tuna imports surged to $248M in 2022. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Yellowfin Tuna in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Seychelles | 20.1 | 20.3 | 20.1 | 50.3 | 35.8% |
| Mexico | 50.2 | 37.5 | 41.5 | 44.1 | -4.2% |
| Panama | 12.7 | 11.3 | 13.9 | 35.5 | 40.9% |
| El Salvador | 14.5 | 13.4 | 16.7 | 19.2 | 9.8% |
| Guatemala | 9.5 | 9.9 | 11.3 | 16.9 | 21.2% |
| France | 25.7 | 8.6 | 16.9 | 9.5 | -28.2% |
| Ecuador | 8.2 | 5.4 | 7.6 | 8.1 | -0.4% |
| South Korea | 8.1 | 24.7 | 9.4 | 7.9 | -0.8% |
| Senegal | 12.4 | 9.1 | 4.0 | 7.8 | -14.3% |
| Belize | 9.9 | 7.7 | 7.6 | 6.6 | -12.6% |
| China | 13.1 | 21.1 | 9.7 | 6.2 | -22.1% |
| Solomon Islands | N/A | 0.1 | N/A | 5.1 | 614.1% |
| Tanzania | N/A | N/A | N/A | 4.5 | 0% |
| Others | 59.2 | 61.2 | 25.6 | 26.6 | -23.4% |
| Total | 244 | 230 | 184 | 248 | 0.5% |
Top Suppliers of Frozen Yellowfin Tuna to Spain in 2022:
- Seychelles (14.5K tons)
- Mexico (10.9K tons)
- Panama (10.0K tons)
- El Salvador (6.0K tons)
- Guatemala (4.8K tons)
- Senegal (2.9K tons)
- France (2.6K tons)
- China (2.2K tons)
- Ecuador (2.1K tons)
- South Korea (2.0K tons)
- Belize (2.0K tons)
- Solomon Islands (1.9K tons)
- Tanzania (1.4K tons)
Frozen Yellowfin Tuna Exports in Spain
In 2022, shipments abroad of frozen yellowfin tuna decreased by -12.5% to 34K tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 13%. As a result, the exports attained the peak of 41K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, frozen yellowfin tuna exports reached $104M in 2022. The total export value increased at an average annual rate of +9.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Frozen Yellowfin Tuna in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 16.3 | 15.2 | 35.1 | 31.1 | 24.0% |
| Seychelles | 10.7 | 19.0 | 14.2 | 26.3 | 35.0% |
| Mauritius | 9.1 | 9.5 | 7.0 | 7.0 | -8.4% |
| Ecuador | 10.3 | 7.5 | 12.6 | 6.7 | -13.4% |
| Portugal | 3.5 | 3.7 | 4.0 | 5.5 | 16.3% |
| Cabo Verde | 4.2 | 7.6 | 4.7 | 5.0 | 6.0% |
| Guatemala | N/A | N/A | 0.7 | 4.1 | 485.7% |
| Thailand | 4.7 | 1.1 | 1.5 | 3.3 | -11.1% |
| Ghana | 3.5 | 4.5 | 2.5 | 1.4 | -26.3% |
| Others | 17.8 | 12.7 | 13.2 | 13.5 | -8.8% |
| Total | 80.2 | 80.8 | 95.5 | 104 | 9.0% |
Top Export Markets for Frozen Yellowfin Tuna from Spain in 2022:
- Seychelles (9.8K tons)
- Italy (4.7K tons)
- Mauritius (3.9K tons)
- Ecuador (3.4K tons)
- Cabo Verde (2.3K tons)
- Thailand (1.8K tons)
- Guatemala (1.7K tons)
- Portugal (1.5K tons)
- Ghana (0.5K tons)
This report provides an in-depth analysis of the frozen yellowfin tuna market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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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