Asia-Pacific: Preserved Tuna Market 2024

Preserved Tuna Market Size in Asia-Pacific

In 2022, after six years of growth, there was decline in the Asia-Pacific preserved tuna market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then declined modestly in the following year.

Preserved Tuna Production in Asia-Pacific

In value terms, preserved tuna production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% 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 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2021, and then reduced slightly in the following year.

Preserved Tuna Exports

Exports in Asia-Pacific

In 2022, approx. X tons of tuna (prepared or preserved) were exported in Asia-Pacific; with an increase of X% compared with the previous year's figure. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2017 when exports increased by X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, preserved tuna exports skyrocketed to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand was the major exporter of tuna (prepared or preserved) in Asia-Pacific, with the volume of exports reaching X tons, which was near X% of total exports in 2022. It was distantly followed by China (X tons), the Philippines (X tons), Indonesia (X tons), Vietnam (X tons) and Papua New Guinea (X tons), together committing a X% share of total exports.

Thailand experienced a relatively flat trend pattern with regard to volume of exports of tuna (prepared or preserved). At the same time, Papua New Guinea (X%), China (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. Indonesia experienced a relatively flat trend pattern. By contrast, the Philippines (X%) illustrated a downward trend over the same period. China (X p.p.) and Papua New Guinea (X p.p.) significantly strengthened its position in terms of the total exports, while the Philippines 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 ($X) remains the largest preserved tuna supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by China ($X), with an X% share of total exports. It was followed by the Philippines, with a X% share.

In Thailand, preserved tuna exports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (X% per year) and the Philippines (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in China ($X per ton) and Vietnam ($X per ton), while the Philippines ($X per ton) and Thailand ($X per ton) were 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 more modest paces of growth.

Preserved Tuna Imports

Imports in Asia-Pacific

In 2022, approx. X tons of tuna (prepared or preserved) were imported in Asia-Pacific; jumping by X% compared with the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved tuna imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Japan (X tons), Thailand (X tons) and Australia (X tons) represented the main importer of tuna (prepared or preserved) in Asia-Pacific, constituting X% of total import. The following importers - Papua New Guinea (X tons), New Zealand (X tons), Taiwan (Chinese) (X tons), Malaysia (X tons) and the Philippines (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved tuna importing markets in Asia-Pacific were Japan ($X), Australia ($X) and Thailand ($X), together comprising X% of total imports. New Zealand, Malaysia, Taiwan (Chinese), Papua New Guinea and the Philippines lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, the Philippines, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the import price in Asia-Pacific amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by X%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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