Asia-Pacific: Frozen Skipjack Tuna Market 2022

Frozen Skipjack Tuna Market Size in Asia-Pacific

The Asia-Pacific frozen skipjack tuna market surged to $X in 2020, growing by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the market value increased by X% y-o-y. 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-Pacific

In value terms, frozen skipjack tuna production expanded sharply to $X in 2020 estimated in export prices. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 when the production volume increased by X% y-o-y. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2020, production failed to regain the momentum.

Production By Country in Asia-Pacific

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 comprising X% of total production. These countries were followed by Micronesia, China, India and Papua New Guinea, which together accounted for a further X 2007 to 2020, the biggest increases were in Papua New Guinea, while frozen skipjack tuna production for the other leaders experienced more modest paces of growth.

Frozen Skipjack Tuna Exports

Exports in Asia-Pacific

In 2020, shipments abroad of frozen skipjack tuna decreased by -X% to X tons for the first time since 2016, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Over the period under review, exports hit record highs at X tons in 2019, and then shrank in the following year.

In value terms, frozen skipjack tuna exports reduced to $X in 2020. Total exports indicated a strong 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 pace of growth was the most pronounced in 2012 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. from 2013 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

South Korea (X tons), Micronesia (X tons), China (X tons) and Indonesia (X tons) represented roughly X% of total exports of frozen skipjack tuna in 2020. India (X tons) took an X% share (based on tons) of total exports, which put it in second place, followed by Japan (X%). Papua New Guinea (X tons) followed a long way behind the leaders.

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

In value terms, China ($X), South Korea ($X) and Micronesia ($X) were the countries with the highest levels of exports in 2020, together accounting for X% of total exports.

Among the main exporting countries, Micronesia saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The frozen skipjack tuna export price in Asia-Pacific stood at $X per ton in 2020, picking up by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2012 an increase of X% year-to-year. As a result, export price reached the peak level of $X per ton. from 2013 to 2020, the growth in terms of the export prices remained at a somewhat 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 Skipjack Tuna Imports

Imports in Asia-Pacific

In 2020, imports of frozen skipjack tuna in Asia-Pacific rose rapidly to X tons, growing by X% compared with the year before. Total imports indicated measured growth 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. Based on 2020 figures, imports increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2009 when imports increased by X% y-o-y. The volume of import peaked in 2020 and is likely to continue growth in the immediate term.

In value terms, frozen skipjack tuna imports skyrocketed to $X in 2020. Total imports indicated a noticeable 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 pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. As a result, imports reached the peak of $X. from 2014 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Thailand was the largest importing country with an import of about X tons, which reached X% of total imports. It was distantly followed by the Philippines (X tons), creating a X% share of total imports. China (X tons), Japan (X tons), Indonesia (X tons) and Vietnam (X tons) held a little 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%) and China (+X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +X% from 2007-2020. Japan experienced a relatively flat trend pattern. From 2007 to 2020, the share of the Philippines, China, Indonesia and Vietnam increased by +X%, +X%, +X% and +X% percentage points, while Japan (-X p.p.) and Thailand (-X p.p.) saw their share reduced.

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

From 2007 to 2020, the average annual rate of growth in terms of value in Thailand amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: the Philippines (+X% per year) and China (+X% per year).

Import Prices by Country

The frozen skipjack tuna import price in Asia-Pacific stood at $X per ton in 2020, growing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2012 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Thailand ($X per ton) and the Philippines ($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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