Venezuela - Frozen Yellowfin Tuna - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Venezuela - Frozen Yellowfin Tuna - Market Analysis, Forecast, Size, Trends And Insights

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Frozen Yellowfin Tuna Price in Venezuela - 2022

Contents:

  1. Frozen Yellowfin Tuna Price in Venezuela (FOB) - 2022
  2. Frozen Yellowfin Tuna Price in Venezuela (CIF) - 2022
  3. Frozen Yellowfin Tuna Exports in Venezuela
  4. Frozen Yellowfin Tuna Imports in Venezuela

Frozen Yellowfin Tuna Price in Venezuela (FOB) - 2022

In 2022, the average frozen yellowfin tuna export price amounted to $2,610 per ton, growing by 3.9% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 18% against the previous year. The export price peaked at $2,783 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($6,322 per ton), while the average price for exports to Costa Rica ($1,532 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 Peru (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Yellowfin Tuna Price in Venezuela (CIF) - 2022

In 2022, the average frozen yellowfin tuna import price amounted to $2,498 per ton, standing approx. at the previous year. In general, the import price saw a pronounced setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 2.4% against the previous year. As a result, import price attained the peak level of $3,590 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Ecuador.

From 2012 to 2022, the rate of growth in terms of prices for Ecuador amounted to -4.2% per year.

Frozen Yellowfin Tuna Exports in Venezuela

In 2022, approx. 172 tons of frozen yellowfin tuna were exported from Venezuela; reducing by -16.6% on 2021 figures. In general, exports saw a abrupt curtailment. The smallest decline of -16.6% was in 2021.

In value terms, frozen yellowfin tuna exports declined to $449K in 2022. Overall, exports continue to indicate a deep slump.

Export of Frozen Yellowfin Tuna in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ecuador59.160.690.627767.4%
Guatemala42041231292.0-39.7%
Mexico16296.591.247.4-33.6%
SpainN/AN/AN/A20.30%
Costa Rica36.321.119.59.9-35.2%
Others11.16.44.62.1-42.6%
Total689597518449-13.3%

Top Export Markets for Frozen Yellowfin Tuna from Venezuela in 2022:

  1. Ecuador (113.0 tons)
  2. Guatemala (38.1 tons)
  3. Mexico (7.5 tons)
  4. Costa Rica (6.5 tons)
  5. Spain (6.0 tons)

Frozen Yellowfin Tuna Imports in Venezuela

In 2022, the amount of frozen yellowfin tuna imported into Venezuela contracted markedly to 72 tons, declining by -15.7% compared with the year before. In general, imports saw a abrupt setback.

In value terms, frozen yellowfin tuna imports declined significantly to $179K in 2022. Overall, imports showed a abrupt curtailment. The smallest decline of -15.7% was in 2021.

Import of Frozen Yellowfin Tuna in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ecuador218230193158-10.2%
Senegal66.4N/AN/AN/A0%
Others13.621.618.921.015.6%
Total298251212179-15.6%

Top Suppliers of Frozen Yellowfin Tuna to Venezuela in 2022:

  1. Ecuador (69.3 tons)

Source: IndexBox Market Intelligence Platform

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

    • Venezuela

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Trade (exports and imports) in Venezuela
    • 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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    Free Data: Fish; yellowfin tunas (thunnus albacares), frozen (excluding fillets, livers, roes and other fish meat of heading no. 0304) - Venezuela