Eastern Asia: Market for Frozen And Fresh Or Chilled Skipjack Tuna 2024

Market Size for Frozen And Fresh Or Chilled Skipjack Tuna in Eastern Asia

In 2022, the East Asian market for frozen and fresh or chilled skipjack tuna increased by X% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption, however, recorded a deep setback. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Frozen And Fresh Or Chilled Skipjack Tuna in Eastern Asia

In value terms, production of frozen and fresh or chilled skipjack tuna expanded modestly to $X in 2022 estimated in export price. Overall, production, however, showed a deep reduction. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production of hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Frozen And Fresh Or Chilled Skipjack Tuna

Exports in Eastern Asia

In 2022, shipments abroad of frozen and fresh or chilled skipjack tuna was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of frozen and fresh or chilled skipjack tuna rose rapidly to $X in 2022. Over the period under review, exports, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports of attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) was the key exporting country with an export of about X tons, which reached X% of total exports. South Korea (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by China (X%). Japan (X tons) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest frozen and fresh or chilled skipjack tuna supplying countries in Eastern Asia were Taiwan (Chinese) ($X), South Korea ($X) and China ($X), together accounting for X% of total exports.

In terms of the main exporting countries, China, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, standing approx. at the previous year. In general, the export price recorded a mild reduction. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Imports of Frozen And Fresh Or Chilled Skipjack Tuna

Imports in Eastern Asia

In 2022, supplies from abroad of frozen and fresh or chilled skipjack tuna decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of frozen and fresh or chilled skipjack tuna dropped dramatically to $X in 2022. In general, imports faced a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Japan prevails in tuna structure, finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by South Korea (X tons), committing a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to frozen and fresh or chilled skipjack tuna imports into Japan stood at X%. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. Japan (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported frozen and fresh or chilled skipjack tuna in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan totaled X%.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, showed a slight decline. The pace of growth was the most pronounced 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 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while South Korea stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%).

Source: IndexBox Platform

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