Australia and Oceania: Market for Frozen And Fresh Or Chilled Skipjack Tuna 2024

Market Size for Frozen And Fresh Or Chilled Skipjack Tuna in Australia and Oceania

The market for frozen and fresh or chilled skipjack tuna in Australia and Oceania stood at $X in 2022, flattening at the previous year. In general, consumption showed a pronounced decrease. 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 Australia and Oceania

In value terms, production of frozen and fresh or chilled skipjack tuna fell modestly to $X in 2022 estimated in export price. Overall, production showed a mild downturn. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Frozen And Fresh Or Chilled Skipjack Tuna

Exports in Australia and Oceania

In 2022, shipments abroad of frozen and fresh or chilled skipjack tuna decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The volume of export peaked at X tons in 2021, and then declined significantly in the following year.

In value terms, exports of frozen and fresh or chilled skipjack tuna declined dramatically to $X in 2022. Overall, exports, however, recorded a measured expansion. 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 hit record highs at $X in 2021, and then contracted significantly in the following year.

Exports by Country

Papua New Guinea was the largest exporter of frozen and fresh or chilled skipjack tuna in Australia and Oceania, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. Micronesia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Kiribati (X%) and Marshall Islands (X%). Solomon Islands (X tons) and Tuvalu (X tons) held a minor share of total exports.

Papua New Guinea was also the fastest-growing in terms of the frozen and fresh or chilled skipjack tuna exports, with a CAGR of X% from 2012 to 2022. At the same time, Micronesia (X%), Tuvalu (X%), Kiribati (X%) and Solomon Islands (X%) displayed positive paces of growth. By contrast, Marshall Islands (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Papua New Guinea and Micronesia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Papua New Guinea ($X), Micronesia ($X) and Kiribati ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Papua New Guinea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The export price in Australia and Oceania stood at $X per ton in 2022, approximately equating the previous year. Overall, the export price, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 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 Kiribati ($X per ton) and Solomon Islands ($X per ton), while Papua New Guinea ($X per ton) and Tuvalu ($X per ton) were amongst the lowest.

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

Imports of Frozen And Fresh Or Chilled Skipjack Tuna

Imports in Australia and Oceania

After four years of growth, supplies from abroad of frozen and fresh or chilled skipjack tuna decreased by X% to X tons in 2022. Over the period under review, imports, however, posted a prominent expansion. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021, and then contracted rapidly in the following year.

In value terms, imports of frozen and fresh or chilled skipjack tuna declined significantly to $X in 2022. In general, imports, however, enjoyed a slight expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then shrank markedly in the following year.

Imports by Country

Papua New Guinea represented the main importer of frozen and fresh or chilled skipjack tuna in Australia and Oceania, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. Kiribati (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by American Samoa (X%) and Fiji (X%). Marshall Islands (X tons) held a relatively small share of total imports.

Papua New Guinea was also the fastest-growing in terms of the frozen and fresh or chilled skipjack tuna imports, with a CAGR of X% from 2012 to 2022. At the same time, Kiribati (X%), Fiji (X%) and Marshall Islands (X%) displayed positive paces of growth. By contrast, American Samoa (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Papua New Guinea and Kiribati increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Papua New Guinea ($X) constitutes the largest market for imported frozen and fresh or chilled skipjack tuna in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by Kiribati ($X), with a X% share of total imports. It was followed by American Samoa, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Papua New Guinea amounted to X%. In the other countries, the average annual rates were as follows: Kiribati (X% per year) and American Samoa (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 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 2012; however, from 2013 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 Fiji ($X per ton), while Kiribati ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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