China - Tuna (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Tuna Price in China - 2023
Contents:
- Preserved Tuna Price in China (FOB) - 2023
- Preserved Tuna Price in China (CIF) - 2023
- Preserved Tuna Exports in China
- Preserved Tuna Imports in China
Preserved Tuna Price in China (FOB) - 2023
The average preserved tuna export price stood at $6,455 per ton in June 2023, remaining relatively unchanged against the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 13% month-to-month. The export price peaked at $6,944 per ton in June 2022; however, from July 2022 to June 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($12,997 per ton), while the average price for exports to the United States ($2,332 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 (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Tuna Price in China (CIF) - 2023
The average preserved tuna import price stood at $5,971 per ton in June 2023, almost unchanged from the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.6%. The growth pace was the most rapid in July 2022 when the average import price increased by 12% against the previous month. The import price peaked at $6,250 per ton in October 2022; however, from November 2022 to June 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was Thailand ($6,378 per ton), while the price for the Philippines ($4,967 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 Thailand (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Preserved Tuna Exports in China
In 2022, overseas shipments of tuna (prepared or preserved) decreased by -1.9% to 133K tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 10%. As a result, the exports reached the peak of 136K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, preserved tuna exports rose remarkably to $789M in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 21%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Preserved Tuna in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 83.8 | 126 | 248 | 311 | 54.8% |
| Spain | 88.3 | 113 | 103 | 103 | 5.3% |
| Mexico | 24.5 | 45.1 | 48.5 | 63.2 | 37.1% |
| Algeria | 41.0 | 41.3 | 38.5 | 48.4 | 5.7% |
| Vietnam | 13.2 | 27.6 | 36.4 | 37.5 | 41.6% |
| Malaysia | 2.8 | 1.5 | 3.0 | 26.0 | 110.2% |
| Portugal | 53.9 | 19.5 | 24.3 | 24.0 | -23.6% |
| Israel | 21.8 | 15.9 | 23.3 | 20.1 | -2.7% |
| Japan | 14.8 | 12.8 | 10.8 | 12.5 | -5.5% |
| Turkey | 4.8 | 10.9 | 14.4 | 11.7 | 34.6% |
| United States | 16.5 | 9.0 | 10.0 | 10.0 | -15.4% |
| Chile | 6.7 | 14.5 | 10.3 | 8.2 | 7.0% |
| Peru | 12.7 | 14.3 | 10.3 | 1.1 | -55.8% |
| Others | 118 | 128 | 121 | 112 | -1.7% |
| Total | 503 | 579 | 702 | 789 | 16.2% |
Top Export Markets for Preserved Tuna from China in 2022:
- Thailand (33.1K tons)
- Spain (22.5K tons)
- Mexico (14.5K tons)
- Algeria (11.2K tons)
- Portugal (5.1K tons)
- Israel (4.7K tons)
- Malaysia (4.4K tons)
- United States (3.9K tons)
- Vietnam (3.7K tons)
- Turkey (2.5K tons)
- Japan (2.4K tons)
- Chile (2.2K tons)
- Peru (0.3K tons)
Preserved Tuna Imports in China
In 2022, preserved tuna imports into China rose slightly to 3K tons, picking up by 1.6% compared with 2021. In general, imports, however, showed a relatively flat trend pattern.
In value terms, preserved tuna imports amounted to $17M in 2022. The total import value increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Preserved Tuna in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 6.6 | 6.1 | 6.8 | 7.2 | 2.9% |
| South Korea | 4.5 | 3.9 | 5.3 | 4.8 | 2.2% |
| Philippines | 3.4 | 2.5 | 2.0 | 3.4 | 0.0% |
| Spain | 0.3 | 0.7 | 0.6 | 0.9 | 44.2% |
| Italy | N/A | 0.2 | 0.1 | 0.3 | 22.5% |
| Others | 0.4 | 2.5 | 0.3 | 0.2 | -20.6% |
| Total | 15.2 | 15.9 | 15.0 | 16.9 | 3.6% |
Top Suppliers of Preserved Tuna to China in 2022:
- Thailand (1203.3 tons)
- South Korea (873.9 tons)
- Philippines (755.0 tons)
- Spain (106.9 tons)
- Italy (50.6 tons)
This report provides an in-depth analysis of the preserved tuna market in China. 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 2030.
Product coverage:
- Prodcom 10202540 - Prepared or preserved tuna, skipjack and Atlantic bonito, w hole or in pieces (excluding minced products and prepared meals and dishes)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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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