Australia and Oceania: Market for Frozen Southern Bluefin Tuna 2022

Market Size for Frozen Southern Bluefin Tuna in Australia and Oceania

The frozen southern bluefin tuna market in Australia and Oceania surged to $X in 2020, rising by X% against the previous year. Overall, consumption saw resilient growth. The pace of growth was the most pronounced in 2012 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 immediate term.

Production of Frozen Southern Bluefin Tuna in Australia and Oceania

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 only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2010 when the production volume increased by X% against the previous year. The level of production peaked in 2020 and is expected to retain growth in the immediate term.

Production By Country in Australia and Oceania

Australia (X tons) constituted the country with the largest volume of frozen southern bluefin tuna production, accounting for 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.

In Australia, frozen southern bluefin tuna production expanded at an average annual rate of +X% over the period from 2007-2020.

Exports of Frozen Southern Bluefin Tuna

Exports in Australia and Oceania

In 2020, after three years of growth, there was significant decline in shipments abroad of frozen southern bluefin tuna, when their volume decreased by -X% to X tons. In general, exports continue to indicate a pronounced decline. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. As a result, exports reached the peak of X tons. from 2012 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, frozen southern bluefin tuna exports contracted notably to $X in 2020. Over the period under review, exports saw a deep setback. The pace of growth appeared the most rapid in 2011 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. from 2012 to 2020, the growth exports remained at a lower figure.

Exports by Country

The biggest shipments were from Australia (X tons), together reaching X% of total export.

Australia was also the fastest-growing in terms of the frozen southern bluefin tuna exports, with a CAGR of -X% from 2007 to 2020. While the share of Australia (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest frozen southern bluefin tuna supplier in Australia and Oceania.

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

Export Prices by Country

In 2020, the frozen southern bluefin tuna export price in Australia and Oceania amounted to $X per ton, which is down by -X% against the previous year. Overall, the export price recorded a noticeable setback. The most prominent rate of growth was recorded in 2010 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2007 to 2020, the rate of growth in terms of prices for Australia amounted to -X% per year.

Imports of Frozen Southern Bluefin Tuna

Imports in Australia and Oceania

In 2020, overseas purchases of frozen southern bluefin tuna increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

In value terms, frozen southern bluefin tuna imports soared to $X in 2020. Over the period under review, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. 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

The purchases of the one major importers of frozen southern bluefin tuna, namely Marshall Islands, represented more than two-thirds of total import.

Marshall Islands was also the fastest-growing in terms of the frozen southern bluefin tuna imports, with a CAGR of +X% from 2010 to 2020. While the share of Marshall Islands (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Marshall Islands ($X) constitutes the largest market for imported frozen southern bluefin tuna in Australia and Oceania.

From 2010 to 2020, the average annual rate of growth in terms of value in Marshall Islands stood at +X%.

Import Prices by Country

In 2020, the frozen southern bluefin tuna import price in Australia and Oceania amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the import price showed a abrupt descent. The growth pace was the most rapid in 2013 when the import price increased by X% year-to-year. As a result, import price attained the peak level of $X per ton. from 2014 to 2020, the growth in terms of the import prices failed to regain the momentum.

As there is only one major supplying country, the average price level is determined by prices for Marshall Islands.

From 2010 to 2020, the rate of growth in terms of prices for Marshall Islands amounted to +X% per year.

Source: IndexBox Platform

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