Asia-Pacific: Market for Frozen And Fresh Or Chilled Skipjack Tuna 2024

Market Size for Frozen And Fresh Or Chilled Skipjack Tuna in Asia-Pacific

The Asia-Pacific market for frozen and fresh or chilled skipjack tuna reached $X in 2022, surging by X% against the previous year. In general, consumption, however, recorded a mild contraction. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Frozen And Fresh Or Chilled Skipjack Tuna in Asia-Pacific

In value terms, production of frozen and fresh or chilled skipjack tuna declined to $X in 2022 estimated in export price. In general, production showed a noticeable contraction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth remained at a somewhat lower figure.

Exports of Frozen And Fresh Or Chilled Skipjack Tuna

Exports in Asia-Pacific

In 2022, shipments abroad of frozen and fresh or chilled skipjack tuna decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2021, and then fell in the following year.

In value terms, exports of frozen and fresh or chilled skipjack tuna shrank to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Papua New Guinea (X tons) and Taiwan (Chinese) (X tons) represented the major exporters of frozen and fresh or chilled skipjack tuna in 2022, finishing at approx. X% and X% of total exports, respectively. South Korea (X tons) held the next position in the ranking, followed by Micronesia (X tons), Maldives (X tons) and Kiribati (X tons). All these countries together held near X% share of total exports. Marshall Islands (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Papua New Guinea (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Papua New Guinea ($X) and South Korea ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Papua New Guinea, with a CAGR of X%, recorded 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 2022, the export price in Asia-Pacific amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, saw a noticeable reduction. The growth pace was the most rapid in 2016 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Maldives ($X per ton) and Kiribati ($X per ton), while Papua New Guinea ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced a decline in the export price figures.

Imports of Frozen And Fresh Or Chilled Skipjack Tuna

Imports in Asia-Pacific

In 2022, approx. X tons of frozen and fresh or chilled skipjack tuna were imported in Asia-Pacific; growing by X% on 2021. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports of reached the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of frozen and fresh or chilled skipjack tuna surged to $X in 2022. In general, imports, however, continue to indicate a mild setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Thailand (X tons) was the largest importer of frozen and fresh or chilled skipjack tuna, constituting X% of total imports. It was distantly followed by the Philippines (X tons), constituting a X% share of total imports. The following importers - Japan (X tons), Indonesia (X tons), Vietnam (X tons) and Papua New Guinea (X tons) - together made up X% of total imports.

Thailand experienced a relatively flat trend pattern with regard to volume of imports of frozen and fresh or chilled skipjack tuna. At the same time, Papua New Guinea (X%), Indonesia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) and Vietnam (X%) illustrated a downward trend over the same period. The Philippines (X p.p.), Indonesia (X p.p.) and Papua New Guinea (X p.p.) significantly strengthened its position in terms of the total imports, while Vietnam and Thailand saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported frozen and fresh or chilled skipjack tuna in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

In Thailand, imports of frozen and fresh or chilled skipjack tuna contracted by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the Philippines (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, jumping by X% against the previous year. In general, the import price, however, recorded a perceptible descent. The pace of growth appeared the most rapid in 2017 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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