Asia: Frozen Yellowfin Tuna Market 2022

Frozen Yellowfin Tuna Market Size in Asia

The Asian frozen yellowfin tuna market declined to $X in 2020, waning by -X% against the previous year. The total consumption indicated a mild expansion 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, consumption decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X. from 2019 to 2020, the growth of the market remained at a lower figure.

Frozen Yellowfin Tuna Production in Asia

In value terms, frozen yellowfin tuna production declined slightly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

Production By Country in Asia

The countries with the highest volumes of frozen yellowfin tuna production in 2020 were Taiwan (Chinese) (X tons), South Korea (X tons) and the Philippines (X tons), together comprising X% of total production.

From 2007 to 2020, the biggest increases were in the Philippines, while frozen yellowfin tuna production for the other leaders experienced more modest paces of growth.

Frozen Yellowfin Tuna Exports

Exports in Asia

In 2020, overseas shipments of frozen yellowfin tuna were finally on the rise to reach X tons for the first time since 2017, thus ending a two-year declining trend. Total exports indicated a measured increase from 2007 to 2020: its volume 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. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. As a result, exports attained the peak of X tons. from 2018 to 2020, the growth exports failed to regain the momentum.

In value terms, frozen yellowfin tuna exports skyrocketed to $X in 2020. Over the period under review, exports enjoyed measured growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, exports attained the peak of $X. from 2018 to 2020, the growth exports remained at a lower figure.

Exports by Country

In 2020, the Philippines (X tons) and South Korea (X tons) represented the main exporters of frozen yellowfin tuna in Asia, together achieving X% of total exports. China (X tons) held the next position in the ranking, followed by Indonesia (X tons), Thailand (X tons), India (X tons) and Vietnam (X tons). All these countries together occupied approx. X% share of total exports.

From 2007 to 2020, the biggest increases were in Vietnam, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen yellowfin tuna supplying countries in Asia were the Philippines ($X), China ($X) and South Korea ($X), with a combined X% share of total exports. These countries were followed by Indonesia, Thailand, India and Vietnam, which together accounted for a further X Nam saw the highest rates of growth with regard to 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 yellowfin tuna export price in Asia amounted to $X per ton, shrinking by -X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. Over the period under review, export prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

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 Yellowfin Tuna Imports

Imports in Asia

In 2020, after two years of decline, there was significant growth in supplies from abroad of frozen yellowfin tuna, when their volume increased by X% to X tons. Total imports indicated a tangible increase 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen yellowfin tuna imports stood at $X in 2020. Total imports indicated notable 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. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure in 2020 and are likely to see steady growth in the near future.

Imports by Country

Thailand was the key importing country with an import of about X tons, which accounted for X% of total imports. Vietnam (X tons) took the second position in the ranking, followed by Japan (X tons) and the Philippines (X tons). All these countries together occupied near X% share of total imports. China (X tons), Indonesia (X tons) and Iran (X tons) followed a long way behind the leaders.

Thailand experienced a relatively flat trend pattern with regard to volume of imports of frozen yellowfin tuna. At the same time, Indonesia (+X%), Vietnam (+X%), China (+X%), the Philippines (+X%) and Iran (+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. By contrast, Japan (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Vietnam, the Philippines, Indonesia and China increased by +X%, +X%, +X% and +X% percentage points, while Japan (-X p.p.) and Thailand (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Japan ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2020, with a combined X% share of total imports. The Philippines, China, Indonesia and Iran lagged somewhat behind, together accounting for a further X the main importing countries, Indonesia recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The frozen yellowfin tuna import price in Asia stood at $X per ton in 2020, falling by -X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2011 an increase of X% y-o-y. The level of import peaked at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

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

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

Source: IndexBox Platform

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