Asia-Pacific: Market for Frozen Southern Bluefin Tuna 2022

Market Size for Frozen Southern Bluefin Tuna in Asia-Pacific

For the third consecutive year, the Asia-Pacific frozen southern bluefin tuna market recorded growth in sales value, which increased by X% to $X in 2020. 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 in certain years. The most prominent rate of growth was recorded in 2010 when the market value increased by X% year-to-year. Over the period under review, the market reached the maximum level in 2020 and is expected to retain growth in the near future.

Production of Frozen Southern Bluefin Tuna in Asia-Pacific

In value terms, frozen southern bluefin tuna production stood at $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 relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2010 with an increase of X% against the previous 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-Pacific

The country with the largest volume of frozen southern bluefin tuna production was Australia (X tons), comprising approx. X% of total volume. Moreover, frozen southern bluefin tuna production in Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tons), fourfold. Taiwan (Chinese) (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in Australia stood at +X%. In the other countries, the average annual rates were as follows: New Zealand (+X% per year) and Taiwan (Chinese) (+X% per year).

Exports of Frozen Southern Bluefin Tuna

Exports in Asia-Pacific

In 2020, shipments abroad of frozen southern bluefin tuna decreased by -X% to X tons, falling for the second year in a row after two years of growth. In general, exports showed a perceptible reduction. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. As a result, exports attained the peak of X tons. from 2012 to 2020, the growth exports failed to regain the momentum.

In value terms, frozen southern bluefin tuna exports contracted markedly to $X in 2020. Overall, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. As a result, exports attained the peak of $X. from 2012 to 2020, the growth exports remained at a lower figure.

Exports by Country

Australia was the main exporter of frozen southern bluefin tuna in Asia-Pacific, with the volume of exports recording X tons, which was approx. X% of total exports in 2020. It was distantly followed by South Korea (X tons), comprising a X% share of total exports.

From 2007 to 2020, average annual rates of growth with regard to frozen southern bluefin tuna exports from Australia stood at -X%. At the same time, South Korea (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +X% from 2007-2020. From 2007 to 2020, the share of Australia and South Korea increased by +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2020, the average annual growth rate of value in Australia amounted to -X%.

Export Prices by Country

The frozen southern bluefin tuna export price in Asia-Pacific stood at $X per ton in 2020, which is down by -X% against the previous year. Overall, the export price continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2010 an increase of X% against the previous year. Over the period under review, export prices reached the maximum at $X per ton in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2020, the country with the highest price was South Korea ($X per ton), while Australia totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea.

Imports of Frozen Southern Bluefin Tuna

Imports in Asia-Pacific

After two years of growth, purchases abroad of frozen southern bluefin tuna decreased by -X% to X tons in 2020. Total imports indicated slight 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 2017 indices. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. The volume of import peaked at X tons in 2019, and then shrank in the following year.

In value terms, frozen southern bluefin tuna imports declined remarkably to $X in 2020. In general, imports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. As a result, imports attained the peak of $X. from 2012 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Japan dominates frozen southern bluefin tuna imports structure, reaching X tons, which was near X% of total imports in 2020. It was distantly followed by Malaysia (X tons), creating a X% share of total imports. South Korea (X tons) held a little share of total imports.

From 2007 to 2020, average annual rates of growth with regard to frozen southern bluefin tuna imports into Japan stood at +X%. 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-Pacific, with a CAGR of +X% from 2007-2020. While the share of Malaysia (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Japan (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Japan, frozen southern bluefin tuna imports decreased by an average annual rate of -X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: South Korea (+X% per year) and Malaysia (+X% per year).

Import Prices by Country

The frozen southern bluefin tuna import price in Asia-Pacific stood at $X per ton in 2020, which is down by -X% against the previous year. Over the period under review, the import price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2011 an increase of 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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