U.S. - Frozen Yellowfin Tuna - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

U.S. - Frozen Yellowfin Tuna - Market Analysis, Forecast, Size, Trends And Insights

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Frozen Yellowfin Tuna Price in the United States - 2023

Contents:

  1. Frozen Yellowfin Tuna Price in the United States (CIF) - 2023
  2. Frozen Yellowfin Tuna Price in the United States (FOB) - 2023
  3. Frozen Yellowfin Tuna Imports in the United States
  4. Frozen Yellowfin Tuna Exports in the United States

Frozen Yellowfin Tuna Price in the United States (CIF) - 2023

In July 2023, the average frozen yellowfin tuna import price amounted to $9,687 per ton, which is down by -5.5% against the previous month. Overall, the import price saw a perceptible setback. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 11% m-o-m. The import price peaked at $15,066 per ton in December 2022; however, from January 2023 to July 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Vietnam ($10,268 per ton), while the price for Indonesia stood at $8,959 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Thailand (-2.3%), while the prices for the other major suppliers experienced a decline.

Frozen Yellowfin Tuna Price in the United States (FOB) - 2023

In July 2023, the average frozen yellowfin tuna export price amounted to $2,078 per ton, declining by -27% against the previous month. Overall, the export price saw a slight curtailment. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 112% month-to-month. Over the period under review, the average export prices attained the peak figure at $5,062 per ton in January 2023; however, from February 2023 to July 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Colombia ($22,566 per ton), while the average price for exports to Indonesia ($1,897 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Yellowfin Tuna Imports in the United States

In 2022, the amount of frozen yellowfin tuna imported into the United States surged to 7.8K tons, rising by 56% on the year before. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 128% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, frozen yellowfin tuna imports surged to $100M in 2022. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 134% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Import of Frozen Yellowfin Tuna in the United States (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam27.312.930.165.934.1%
Indonesia6.64.214.820.144.9%
MaldivesN/AN/A2.36.8195.7%
Philippines0.22.61.45.4200.0%
Oman1.50.60.1N/A-74.2%
Others1.01.62.42.230.1%
Total36.521.851.110039.9%

Top Suppliers of Frozen Yellowfin Tuna to the United States in 2022:

  1. Vietnam (5.3K tons)
  2. Indonesia (1.6K tons)
  3. Maldives (0.4K tons)
  4. Philippines (0.3K tons)

Frozen Yellowfin Tuna Exports in the United States

In 2022, the amount of frozen yellowfin tuna exported from the United States skyrocketed to 1.2K tons, picking up by 229% on the year before. Overall, exports, however, continue to indicate a perceptible slump.

In value terms, frozen yellowfin tuna exports skyrocketed to $3.6M in 2022. Over the period under review, exports posted a perceptible expansion.

Export of Frozen Yellowfin Tuna in the United States (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia116283N/A1,385128.6%
Vietnam1,0851,636N/A560-19.8%
Canada376422379353-2.1%
Dominican Republic14411515125721.3%
Bahamas11933.390.518115.0%
Guatemala12241.048.697.2-7.3%
Colombia31614.112691.9-33.7%
Spain135710N/A21.3-46.0%
Ecuador67.21,82944.7N/A-18.4%
Sri Lanka20739.0N/AN/A-81.2%
El SalvadorN/A681N/AN/A0%
Others45721832667013.6%
Total3,1436,0201,1653,6174.8%

Top Export Markets for Frozen Yellowfin Tuna from the United States in 2022:

  1. Vietnam (320.8 tons)
  2. Indonesia (311.5 tons)
  3. Canada (172.8 tons)
  4. Dominican Republic (127.7 tons)
  5. Bahamas (64.3 tons)
  6. Guatemala (49.0 tons)
  7. Colombia (44.3 tons)
  8. Spain (9.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the frozen yellowfin tuna market in the U.S.. 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:

    • United States

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Trade (exports and imports) in the U.S.
    • 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:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. 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.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS
    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. MARKET STRUCTURE
      3. TRADE BALANCE
      4. PER CAPITA CONSUMPTION
      5. MARKET FORECAST TO 2030
    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT
    5. 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
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES
    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS
    7. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
    8. 8. IMPORTS

      The Largest Import Supplying Countries

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY
    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY
    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
    11. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption In 2012-2023
      5. Imports, In Physical Terms, By Country, 2012–2023
      6. Imports, In Value Terms, By Country, 2012–2023
      7. Import Prices, By Country Of Origin, 2012–2023
      8. Exports, In Physical Terms, By Country, 2012–2023
      9. Exports, In Value Terms, By Country, 2012–2023
      10. Export Prices, By Country Of Destination, 2012–2023
    12. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
      4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
      5. Trade Balance, In Physical Terms, 2012-2023
      6. Trade Balance, In Value Terms, 2012-2023
      7. Per Capita Consumption, 2012-2023
      8. Market Volume Forecast to 2030
      9. Market Value Forecast to 2030
      10. Products: Market Size And Growth, By Type
      11. Products: Average Per Capita Consumption, By Type
      12. Products: Exports And Growth, By Type
      13. Products: Export Prices And Growth, By Type
      14. Production Volume And Growth
      15. Exports And Growth
      16. Export Prices And Growth
      17. Market Size And Growth
      18. Per Capita Consumption
      19. Imports And Growth
      20. Import Prices
      21. Production, In Physical Terms, 2012–2023
      22. Production, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, 2012–2023
      24. Imports, In Value Terms, 2012–2023
      25. Imports, In Physical Terms, By Country, 2023
      26. Imports, In Physical Terms, By Country, 2012–2023
      27. Imports, In Value Terms, By Country, 2012–2023
      28. Import Prices, By Country Of Origin, 2012–2023
      29. Exports, In Physical Terms, 2012–2023
      30. Exports, In Value Terms, 2012–2023
      31. Exports, In Physical Terms, By Country, 2023
      32. Exports, In Physical Terms, By Country, 2012–2023
      33. Exports, In Value Terms, By Country, 2012–2023
      34. Export Prices, By Country Of Destination, 2012–2023
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