Asia: Frozen Skipjack Tuna Market 2022

Frozen Skipjack Tuna Market Size in Asia

The Asian frozen skipjack tuna market surged to $X in 2020, increasing by X% against the previous year. The total consumption indicated a modest expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. from 2014 to 2020, the growth of the market remained at a lower figure.

Frozen Skipjack Tuna Production in Asia

In value terms, frozen skipjack tuna production rose rapidly to $X in 2020 estimated in export prices. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2020, production remained at a lower figure.

Production By Country in Asia

The countries with the highest volumes of frozen skipjack tuna production in 2020 were Taiwan (Chinese) (X tons), South Korea (X tons) and Indonesia (X tons), together accounting for X% of total production. China and India lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of frozen skipjack tuna production, amongst the main producing countries, was attained by India, while frozen skipjack tuna production for the other leaders experienced more modest paces of growth.

Frozen Skipjack Tuna Exports

Exports in Asia

For the third year in a row, Asia recorded decline in shipments abroad of frozen skipjack tuna, which decreased by -X% to X tons in 2020. The total export volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, exports hit record highs at X tons in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, frozen skipjack tuna exports reduced modestly to $X in 2020. Total exports indicated perceptible growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

Exports by Country

In 2020, South Korea (X tons), distantly followed by China (X tons), Indonesia (X tons), India (X tons) and Japan (X tons) were the key exporters of frozen skipjack tuna, together making up X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen skipjack tuna supplying countries in Asia were China ($X), South Korea ($X) and Indonesia ($X), together accounting for X% of total exports.

China recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the frozen skipjack tuna export price in Asia amounted to $X per ton, surging by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. As a result, export price attained the peak level of $X per ton. from 2013 to 2020, the growth in terms of the export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per ton), while India ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Frozen Skipjack Tuna Imports

Imports in Asia

In 2020, imports of frozen skipjack tuna in Asia skyrocketed to X tons, jumping by X% compared with 2019. Total imports indicated a tangible expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. The volume of import peaked in 2020 and is expected to retain growth in years to come.

In value terms, frozen skipjack tuna imports skyrocketed to $X in 2020. Total imports indicated a moderate increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. As a result, imports attained the peak of $X. from 2014 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Thailand represented the largest importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by the Philippines (X tons), mixing up a X% share of total imports. China (X tons), Japan (X tons), Indonesia (X tons), Vietnam (X tons) and Turkey (X tons) occupied a minor share of total imports.

From 2007 to 2020, average annual rates of growth with regard to frozen skipjack tuna imports into Thailand stood at +X%. At the same time, Indonesia (+X%), Vietnam (+X%), the Philippines (+X%), China (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2007-2020. Japan experienced a relatively flat trend pattern. The Philippines (+X p.p.), China (+X p.p.), Indonesia (+X p.p.) and Vietnam (+X p.p.) significantly strengthened its position in terms of the total imports, while Japan and Thailand saw its share reduced by -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported frozen skipjack tuna in Asia, comprising X% of total imports. The second position in the ranking was occupied by the Philippines ($X), with a X% share of total imports. It was followed by China, with a X% share.

In Thailand, frozen skipjack tuna imports expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: the Philippines (+X% per year) and China (+X% per year).

Import Prices by Country

In 2020, the frozen skipjack tuna import price in Asia amounted to $X per ton, leveling off at the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the import price increased by X% y-o-y. The level of import peaked at $X per ton in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Turkey ($X per ton) and Thailand ($X per ton), while Japan ($X per ton) and China ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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