India: Frozen Yellowfin Tuna Market 2022

Frozen Yellowfin Tuna Market Size in India

In 2020, the Indian frozen yellowfin tuna market increased by X% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption showed prominent growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Frozen Yellowfin Tuna Production in India

In value terms, frozen yellowfin tuna production rose to $X in 2020 estimated in export prices. In general, the total production indicated a perceptible expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2020, production remained at a lower figure.

Frozen Yellowfin Tuna Exports

Exports from India

In 2020, overseas shipments of frozen yellowfin tuna decreased by -X% to X tons, falling for the second consecutive year after three years of growth. Overall, exports saw a pronounced descent. The pace of growth appeared the most rapid in 2018 when exports increased by X% y-o-y. As a result, exports attained the peak of X tons. from 2019 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, frozen yellowfin tuna exports dropped dramatically to $X in 2020. In general, exports recorded a pronounced decline. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. from 2019 to 2020, the growth exports remained at a lower figure.

Exports by Country

Tunisia (X tons), Iran (X tons) and Vietnam (X tons) were the main destinations of frozen yellowfin tuna exports from India, with a combined X% share of total exports. Thailand, Algeria, Sri Lanka, Italy, Turkey, Spain, Portugal, Ecuador, Oman and Indonesia lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Portugal, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($X), Iran ($X) and Vietnam ($X) constituted the largest markets for frozen yellowfin tuna exported from India worldwide, with a combined X% share of total exports. Thailand, Algeria, Italy, Portugal, Spain, Ecuador, Sri Lanka, Turkey, Indonesia and Oman lagged somewhat behind, together accounting for a further X recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average frozen yellowfin tuna export price stood at $X per ton in 2020, declining by -X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Italy ($X per ton), while the average price for exports to Tunisia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Italy, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Yellowfin Tuna Imports

Imports into India

For the fourth year in a row, India recorded growth in purchases abroad of frozen yellowfin tuna, which increased by X% to X tons in 2020. In general, imports posted a perceptible increase. The growth pace was the most rapid in 2019 with an increase of X% year-to-year. Over the period under review, imports hit record highs in 2020 and are likely to continue growth in years to come.

In value terms, frozen yellowfin tuna imports surged to $X in 2020. Overall, imports continue to indicate tangible growth. Imports peaked at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Spain (X tons) constituted the largest supplier of frozen yellowfin tuna to India, accounting for a X% share of total imports. Moreover, frozen yellowfin tuna imports from Spain exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fivefold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-X% per year) and Japan (+X% per year).

In value terms, Spain ($X) constituted the largest supplier of frozen yellowfin tuna to India, comprising X% of total imports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-X% per year) and Japan (+X% per year).

Import Prices by Country

The average frozen yellowfin tuna import price stood at $X per ton in 2020, rising by X% against the previous year. In general, the import price showed modest growth. The pace of growth was the most pronounced in 2010 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Vietnam ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced a decline.

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