Australia and Oceania: Frozen Skipjack Tuna Market 2022

Frozen Skipjack Tuna Market Size in Australia and Oceania

In 2020, the frozen skipjack tuna market in Australia and Oceania was finally on the rise to reach $X for the first time since 2017, thus ending a two-year declining trend. In general, consumption, however, showed a pronounced shrinkage. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2020, consumption failed to regain the momentum.

Frozen Skipjack Tuna Production in Australia and Oceania

In value terms, frozen skipjack tuna production rose to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2012 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X. from 2013 to 2020, production growth remained at a lower figure.

Production By Country in Australia and Oceania

Micronesia (X tons) remains the largest frozen skipjack tuna producing country in Australia and Oceania, accounting for X% of total volume. Moreover, frozen skipjack tuna production in Micronesia exceeded the figures recorded by the second-largest producer, Papua New Guinea (X tons), twofold.

In Micronesia, frozen skipjack tuna production remained relatively stable over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Papua New Guinea (+X% per year) and New Zealand (+X% per year).

Frozen Skipjack Tuna Exports

Exports in Australia and Oceania

In 2020, overseas shipments of frozen skipjack tuna decreased by -X% to X tons for the first time since 2015, thus ending a four-year rising trend. In general, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. The volume of export peaked at X tons in 2019, and then fell in the following year.

In value terms, frozen skipjack tuna exports declined to $X in 2020. Overall, exports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2019, and then reduced in the following year.

Exports by Country

Micronesia was the largest exporter of frozen skipjack tuna in Australia and Oceania, with the volume of exports amounting to X tons, which was near X% of total exports in 2020. It was distantly followed by Papua New Guinea (X tons) and New Zealand (X tons), together making up a X% share of total exports.

Micronesia was also the fastest-growing in terms of the frozen skipjack tuna exports, with a CAGR of +X% from 2007 to 2020. New Zealand experienced a relatively flat trend pattern. Papua New Guinea (-X%) illustrated a downward trend over the same period. Micronesia (+X p.p.) significantly strengthened its position in terms of the total exports, while New Zealand and Papua New Guinea saw its share reduced by -X% and -X% from 2007 to 2020, respectively.

In value terms, Micronesia ($X) remains the largest frozen skipjack tuna supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was occupied by Papua New Guinea ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value in Micronesia amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Papua New Guinea (-X% per year) and New Zealand (+X% per year).

Export Prices by Country

The frozen skipjack tuna export price in Australia and Oceania stood at $X per ton in 2020, almost unchanged from the previous year. Export price indicated a modest increase from 2007 to 2020: its price 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, frozen skipjack tuna export price decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2012 when the export price increased by X% against the previous year. As a result, export price attained 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.

Average prices varied noticeably amongst the major exporting countries. In 2020, the country with the highest price was Papua New Guinea ($X per ton), while Micronesia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by New Zealand, while the other leaders experienced more modest paces of growth.

Frozen Skipjack Tuna Imports

Imports in Australia and Oceania

In 2020, the amount of frozen skipjack tuna imported in Australia and Oceania fell notably to X tons, which is down by -X% on the previous year's figure. Over the period under review, imports continue to indicate a noticeable decline. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

In value terms, frozen skipjack tuna imports contracted dramatically to $X in 2020. In general, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

Imports by Country

Papua New Guinea represented the key importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by Kiribati (X tons), comprising a X% share of total imports. The following importers - Fiji (X tons), Marshall Islands (X tons), American Samoa (X tons) and New Zealand (X tons) - together made up X% of total imports.

From 2007 to 2020, the biggest increases were in Marshall Islands, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Papua New Guinea ($X), Kiribati ($X) and Fiji ($X) constituted the countries with the highest levels of imports in 2020, together comprising X% of total imports. American Samoa, Marshall Islands and New Zealand lagged somewhat behind, together accounting for a further X the main importing countries, Marshall Islands saw the highest growth rate of 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 2020, the frozen skipjack tuna import price in Australia and Oceania amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Fiji ($X per ton), while Marshall Islands ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Fiji, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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