Colombia: Market for Frozen And Fresh Or Chilled Skipjack Tuna 2024

Market Size for Frozen And Fresh Or Chilled Skipjack Tuna in Colombia

In 2022, the Colombian market for frozen and fresh or chilled skipjack tuna increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption showed a significant increase. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Frozen And Fresh Or Chilled Skipjack Tuna in Colombia

In value terms, production of frozen and fresh or chilled skipjack tuna shrank to $X in 2022 estimated in export price. Over the period under review, production showed a slight descent. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. Production of peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Frozen And Fresh Or Chilled Skipjack Tuna

Exports from Colombia

After five years of decline, overseas shipments of frozen and fresh or chilled skipjack tuna increased by X% to X tons in 2022. Overall, exports, however, faced a deep downturn. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of frozen and fresh or chilled skipjack tuna surged to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Free Zones (X tons) was the main destination for exports of frozen and fresh or chilled skipjack tuna from Colombia, accounting for a X% share of total exports. Moreover, exports of frozen and fresh or chilled skipjack tuna to Free Zones exceeded the volume sent to the second major destination, Ecuador (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Free Zones stood at X%.

In value terms, Free Zones ($X) remains the key foreign market for frozen and fresh or chilled skipjack tuna exports from Colombia, comprising X% of total exports. The second position in the ranking was taken by Ecuador ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Free Zones stood at X%.

Export Prices by Country

The average export price for frozen and fresh or chilled skipjack tuna stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Free Zones ($X per ton), while the average price for exports to Ecuador amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (X%).

Imports of Frozen And Fresh Or Chilled Skipjack Tuna

Imports into Colombia

In 2022, after three years of decline, there was significant growth in purchases abroad of frozen and fresh or chilled skipjack tuna, when their volume increased by X% to X tons. In general, imports posted significant growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of frozen and fresh or chilled skipjack tuna skyrocketed to $X in 2022. Overall, imports saw significant growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Seychelles (X tons), Cote d'Ivoire (X tons) and Senegal (X tons) were the main suppliers of imports of frozen and fresh or chilled skipjack tuna to Colombia, with a combined X% share of total imports.

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

In value terms, Seychelles ($X), Cote d'Ivoire ($X) and Senegal ($X) appeared to be the largest frozen and fresh or chilled skipjack tuna suppliers to Colombia, together accounting for X% of total imports.

In terms of the main suppliers, Senegal, with a CAGR of X%, 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

The average import price for frozen and fresh or chilled skipjack tuna stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, showed a noticeable decrease. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Ecuador ($X per ton) and Seychelles ($X per ton), while the price for Cote d'Ivoire ($X per ton) and Senegal ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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