Latin America and the Caribbean: Market for Frozen Southern Bluefin Tuna 2022

Market Size for Frozen Southern Bluefin Tuna in Latin America and the Caribbean

The Latin American frozen southern bluefin tuna market declined markedly to $X in 2020, waning by -X% against the previous year. Overall, consumption, however, saw a mild decrease. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. The level of consumption peaked at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Production of Frozen Southern Bluefin Tuna in Latin America and the Caribbean

In value terms, frozen southern bluefin tuna production amounted to $X in 2020 estimated in export prices. Over the period under review, production recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Over the period under review, production attained the maximum level at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Production By Country in Latin America and the Caribbean

The countries with the highest volumes of frozen southern bluefin tuna production in 2020 were Ecuador (X tons), Brazil (X tons) and Panama (X tons), together comprising X% of total production.

From 2007 to 2020, the biggest increases were in Panama, while frozen southern bluefin tuna production for the other leaders experienced more modest paces of growth.

Exports of Frozen Southern Bluefin Tuna

Exports in Latin America and the Caribbean

In 2020, exports of frozen southern bluefin tuna in Latin America and the Caribbean surged to X tons, increasing by X% on 2019. In general, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2008; however, from 2009 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen southern bluefin tuna exports surged to $X in 2020. Over the period under review, exports, however, recorded a deep downturn. The level of export peaked at $X in 2013; however, from 2014 to 2020, exports remained at a lower figure.

Exports by Country

In 2020, Panama (X tons) was the key exporter of frozen southern bluefin tuna, comprising X% of total exports. It was distantly followed by Brazil (X tons), generating a X% share of total exports.

Panama was also the fastest-growing in terms of the frozen southern bluefin tuna exports, with a CAGR of +X% from 2007 to 2020. Brazil (-X%) illustrated a downward trend over the same period. Panama (+X p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, Brazil ($X) remains the largest frozen southern bluefin tuna supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Panama ($X), with a X% share of total exports.

In Brazil, frozen southern bluefin tuna exports decreased by an average annual rate of -X% over the period from 2007-2020.

Export Prices by Country

In 2020, the frozen southern bluefin tuna export price in Latin America and the Caribbean amounted to $X per ton, waning by -X% against the previous year. In general, the export price saw a pronounced reduction. The most prominent rate of growth was recorded in 2012 when the export price increased by X% y-o-y. 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 failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Brazil ($X per ton), while Panama totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Brazil.

Imports of Frozen Southern Bluefin Tuna

Imports in Latin America and the Caribbean

After two years of growth, purchases abroad of frozen southern bluefin tuna decreased by -X% to X tons in 2020. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. As a result, imports reached the peak of X tons. from 2014 to 2020, the growth imports failed to regain the momentum.

In value terms, frozen southern bluefin tuna imports declined remarkably to $X in 2020. In general, imports saw a pronounced downturn. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. from 2014 to 2020, the growth imports remained at a lower figure.

Imports by Country

The Dominican Republic prevails in frozen southern bluefin tuna imports structure, reaching X tons, which was approx. X% of total imports in 2020. Bahamas (X kg) occupied a little share of total imports.

The Dominican Republic experienced a relatively flat trend pattern with regard to volume of imports of frozen southern bluefin tuna. At the same time, Bahamas (+X%) displayed positive paces of growth. Moreover, Bahamas emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. From 2007 to 2020, the share of the Dominican Republic and Bahamas increased by +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Dominican Republic ($X) constitutes the largest market for imported frozen southern bluefin tuna in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by Bahamas ($X), with a X% share of total imports.

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

Import Prices by Country

In 2020, the frozen southern bluefin tuna import price in Latin America and the Caribbean amounted to $X per ton, falling by -X% against the previous year. In general, the import price saw a perceptible decrease. The growth pace was the most rapid in 2015 when the import price increased by X% y-o-y. As a result, import price reached the peak level of $X per ton. from 2016 to 2020, the growth in terms of the import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Bahamas ($X per ton), while the Dominican Republic amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Dominican Republic.

Source: IndexBox Platform

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