Philippines - Frozen Yellowfin Tuna - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Yellowfin Tuna Price in the Philippines - 2023
Contents:
- Frozen Yellowfin Tuna Price in the Philippines (CIF) - 2022
- Frozen Yellowfin Tuna Price in the Philippines (FOB) - 2022
- Frozen Yellowfin Tuna Imports in the Philippines
- Frozen Yellowfin Tuna Exports in the Philippines
Frozen Yellowfin Tuna Price in the Philippines (CIF) - 2022
The average frozen yellowfin tuna import price stood at $2,802 per ton in 2022, picking up by 12% against the previous year. In general, the import price enjoyed resilient growth. The most prominent rate of growth was recorded in 2019 an increase of 54% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Marshall Islands ($2,940 per ton) and Japan ($2,940 per ton), while the price for Micronesia ($2,526 per ton) and Nauru ($2,641 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kiribati (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Yellowfin Tuna Price in the Philippines (FOB) - 2022
The average frozen yellowfin tuna export price stood at $2,251 per ton in 2022, picking up by 19% against the previous year. Over the period under review, the export price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 26%. Over the period under review, the average export prices reached the peak figure at $4,180 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($2,271 per ton), while the average price for exports to the United States stood at $2,238 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-1.0%), while the prices for the other major destinations experienced a decline.
Frozen Yellowfin Tuna Imports in the Philippines
In 2022, overseas purchases of frozen yellowfin tuna decreased by -8.8% to 28K tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 when imports increased by 4.6% against the previous year. As a result, imports attained the peak of 39K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, frozen yellowfin tuna imports expanded slightly to $78M in 2022. Overall, imports recorded a abrupt curtailment.
| Import of Frozen Yellowfin Tuna in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Papua New Guinea | 69.9 | 36.4 | 46.6 | 46.8 | -12.5% |
| Marshall Islands | 1.5 | 0.7 | 5.8 | 5.4 | 53.3% |
| Micronesia | 1.7 | 11.4 | 2.7 | 4.8 | 41.3% |
| Kiribati | 7.5 | 2.2 | 3.0 | 3.9 | -19.6% |
| Indonesia | 0.3 | 5.8 | 3.3 | 3.1 | 117.8% |
| South Korea | 5.8 | 2.2 | 1.6 | 2.9 | -20.6% |
| Vietnam | 3.0 | 3.1 | 2.4 | 2.6 | -4.7% |
| Taiwan (Chinese) | 2.2 | 4.0 | 1.5 | 2.4 | 2.9% |
| Nauru | 1.2 | 3.1 | 1.6 | 1.8 | 14.5% |
| Japan | 0.1 | 0.3 | 1.3 | 1.2 | 128.9% |
| Tuvalu | N/A | 2.9 | 3.2 | N/A | 10.3% |
| Others | 2.3 | 6.2 | 3.0 | 3.1 | 10.5% |
| Total | 95.5 | 78.2 | 76.2 | 78.1 | -6.5% |
Top Suppliers of Frozen Yellowfin Tuna to the Philippines in 2022:
- Papua New Guinea (16.5K tons)
- Micronesia (1.9K tons)
- Marshall Islands (1.9K tons)
- Kiribati (1.3K tons)
- Indonesia (1.1K tons)
- South Korea (1.0K tons)
- Taiwan (Chinese) (0.9K tons)
- Vietnam (0.9K tons)
- Nauru (0.7K tons)
- Japan (0.4K tons)
Frozen Yellowfin Tuna Exports in the Philippines
In 2022, exports of frozen yellowfin tuna from the Philippines skyrocketed to 13K tons, growing by 21% compared with 2021 figures. Over the period under review, exports, however, recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 6,925%.
In value terms, frozen yellowfin tuna exports skyrocketed to $29M in 2022. Overall, exports, however, saw a significant contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 6,047%.
| Export of Frozen Yellowfin Tuna in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 21.2 | N/A | 7.8 | 17.8 | -5.7% |
| Spain | 17.6 | 0.3 | 0.5 | 11.3 | -13.7% |
| Thailand | 1.4 | N/A | 1.4 | N/A | 0.0% |
| Japan | 36.0 | N/A | 4.4 | N/A | -65.0% |
| Vietnam | 9.5 | N/A | 2.5 | N/A | -48.7% |
| Portugal | 2.8 | N/A | 0.1 | N/A | -81.1% |
| Italy | 6.3 | N/A | 2.9 | N/A | -32.2% |
| Others | 3.1 | N/A | 0.7 | N/A | -52.5% |
| Total | 97.9 | 0.3 | 20.2 | 29.0 | -33.3% |
Top Export Markets for Frozen Yellowfin Tuna from the Philippines in 2022:
- United States (7.9K tons)
- Spain (5.0K tons)
This report provides an in-depth analysis of the frozen yellowfin 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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