New Zealand: Frozen Skipjack Tuna Market 2022

Frozen Skipjack Tuna Market Size in New Zealand

The New Zealand frozen skipjack tuna market rose markedly to $X in 2020, with an increase of X% against the previous year. In general, consumption showed notable growth. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Frozen Skipjack Tuna Production in New Zealand

In value terms, frozen skipjack tuna production reached $X in 2020 estimated in export prices. Overall, the total production indicated a noticeable 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 decreased by -X% against 2018 indices. The growth pace was the most rapid in 2012 when the production volume increased by X% against the previous year. Frozen skipjack tuna production peaked at $X in 2013; however, from 2014 to 2020, production remained at a lower figure.

Frozen Skipjack Tuna Exports

Exports from New Zealand

Frozen skipjack tuna exports from New Zealand dropped to X tons in 2020, which is down by -X% against the previous year. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Exports peaked at X tons in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen skipjack tuna exports rose markedly to $X in 2020. Overall, exports enjoyed a mild increase. The pace of growth appeared the most rapid in 2010 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2013; however, from 2014 to 2020, exports remained at a lower figure.

Exports by Country

Thailand (X tons) was the main destination for frozen skipjack tuna exports from New Zealand, with a X% share of total exports. Moreover, frozen skipjack tuna exports to Thailand exceeded the volume sent to the second major destination, the Philippines (X tons), fivefold. The third position in this ranking was occupied by Ecuador (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Thailand amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-X% per year) and Ecuador (+X% per year).

In value terms, Thailand ($X) remains the key foreign market for frozen skipjack tuna exports from New Zealand, comprising X% of total exports. The second position in the ranking was occupied by the Philippines ($X), with a X% share of total exports. It was followed by Ecuador, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Thailand amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-X% per year) and Ecuador (+X% per year).

Export Prices by Country

The average frozen skipjack tuna export price stood at $X per ton in 2020, increasing by X% against the previous year. Overall, export price indicated a temperate expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, frozen skipjack tuna export price decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. The export price peaked at $X per ton in 2013; however, from 2014 to 2020, export prices failed to regain the momentum.

Average prices varied noticeably for the major foreign markets. In 2020, the highest prices were recorded for prices to Ecuador ($X per ton) and Singapore ($X per ton), while the average price for exports to Vietnam ($X per ton) and the Philippines ($X per ton) were amongst the lowest.

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

Frozen Skipjack Tuna Imports

Imports into New Zealand

After two years of growth, supplies from abroad of frozen skipjack tuna decreased by -X% to X tons in 2020. In general, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Imports peaked at X tons in 2013; however, from 2014 to 2020, imports remained at a lower figure.

In value terms, frozen skipjack tuna imports fell rapidly to $X in 2020. Overall, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Imports peaked at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

Chile (X tons), Japan (X tons) and South Korea (X tons) were the main suppliers of frozen skipjack tuna imports to New Zealand.

From 2007 to 2020, the biggest increases were in Japan, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Chile ($X) and South Korea ($X) constituted the largest frozen skipjack tuna suppliers to New Zealand.

Japan saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average frozen skipjack tuna import price amounted to $X per ton, shrinking by -X% against the previous year. Overall, the import price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per ton in 2009; however, from 2010 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Chile, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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