Asia: Market for Frozen Southern Bluefin Tuna 2022

Market Size for Frozen Southern Bluefin Tuna in Asia

In 2020, after two years of growth, there was significant decline in the Asian frozen southern bluefin tuna market, when its value decreased by -X% to $X. Overall, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Production of Frozen Southern Bluefin Tuna in Asia

In value terms, frozen southern bluefin tuna production totaled $X in 2020 estimated in export prices. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. The level of production peaked at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

Production By Country in Asia

The countries with the highest volumes of frozen southern bluefin tuna production in 2020 were Taiwan (Chinese) (X tons), South Korea (X tons) and Pakistan (X tons), together accounting for X% of total production.

From 2007 to 2020, the most notable rate of growth in terms of frozen southern bluefin tuna production, amongst the key producing countries, was attained by South Korea, while frozen southern bluefin tuna production for the other leaders experienced more modest paces of growth.

Exports of Frozen Southern Bluefin Tuna

Exports in Asia

In 2020, the amount of frozen southern bluefin tuna exported in Asia dropped remarkably to X tons, waning by -X% against the year before. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. The volume of export peaked at X tons in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen southern bluefin tuna exports dropped markedly to $X in 2020. Over the period under review, exports saw a mild reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, exports reached the peak of $X. from 2019 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

South Korea dominates frozen southern bluefin tuna exports structure, finishing at X tons, which was near X% of total exports in 2020. Vietnam (X tons) and the Philippines (X tons) followed a long way behind the leaders.

Exports from South Korea increased at an average annual rate of +X% from 2007 to 2020. At the same time, Vietnam (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. By contrast, the Philippines (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of South Korea and Vietnam increased by +X% and +X% percentage points, while the Philippines (-X p.p.) saw their share reduced.

In value terms, South Korea ($X) remains the largest frozen southern bluefin tuna supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value in South Korea was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+X% per year) and the Philippines (-X% per year).

Export Prices by Country

The frozen southern bluefin tuna export price in Asia stood at $X per ton in 2020, shrinking by -X% against the previous year. Over the period under review, the export price recorded a slight slump. The pace of growth appeared the most rapid in 2014 an increase of X% y-o-y. The level of export peaked at $X per ton in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was South Korea ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced a decline in the export price figures.

Imports of Frozen Southern Bluefin Tuna

Imports in Asia

In 2020, after two years of growth, there was decline in overseas purchases of frozen southern bluefin tuna, when their volume decreased by -X% to X tons. Total imports indicated a modest 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 pace of growth was the most pronounced in 2012 when imports increased by X% year-to-year. The volume of import peaked at X tons in 2019, and then reduced modestly in the following year.

In value terms, frozen southern bluefin tuna imports reduced dramatically to $X in 2020. Over the period under review, imports, however, continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. As a result, imports attained the peak of $X. from 2012 to 2020, the growth imports failed to regain the momentum.

Imports by Country

Japan dominates frozen southern bluefin tuna imports structure, accounting for X tons, which was approx. X% of total imports in 2020. It was distantly followed by Malaysia (X tons), making up a X% share of total imports. South Korea (X tons) held a minor share of total imports.

Imports into Japan increased at an average annual rate of +X% from 2007 to 2020. At the same time, Malaysia (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2007-2020. Malaysia (+X p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported frozen southern bluefin tuna in Asia, comprising X% of total imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total imports.

In Japan, frozen southern bluefin tuna imports shrank by an average annual rate of -X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Malaysia (+X% per year).

Import Prices by Country

In 2020, the frozen southern bluefin tuna import price in Asia amounted to $X per ton, reducing by -X% against the previous year. In general, the import price saw a pronounced decline. The pace of growth appeared the most rapid in 2011 when the import price increased by X% y-o-y. As a result, import price attained the peak level of $X per ton. from 2012 to 2020, the growth in terms of the import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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