Report Update May 1, 2024

Northern America - Frozen Southern Bluefin Tuna - Market Analysis, Forecast, Size, Trends and Insights

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Northern America: Market for Frozen Southern Bluefin Tuna 2022

Market Size for Frozen Southern Bluefin Tuna in Northern America

In 2020, the North American frozen southern bluefin tuna market decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. In general, consumption showed a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Over the period under review, the market attained the peak level at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Production of Frozen Southern Bluefin Tuna in Northern America

In value terms, frozen southern bluefin tuna production plummeted to $X in 2020 estimated in export prices. Overall, production recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. from 2017 to 2020, production growth remained at a somewhat lower figure.

Production By Country in Northern America

The country with the largest volume of frozen southern bluefin tuna production was Canada (X tons), comprising approx. X% of total volume.

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

Exports of Frozen Southern Bluefin Tuna

Export Prices by Country

The frozen southern bluefin tuna export price in Northern America stood at $X per ton in 2020, rising by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2015 an increase of X% y-o-y. The level of export peaked at $X per ton in 2009; however, from 2010 to 2020, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the U.S..

From 2007 to 2020, the rate of growth in terms of prices for the U.S. amounted to +X% per year.

Imports of Frozen Southern Bluefin Tuna

Imports in Northern America

In 2020, overseas purchases of frozen southern bluefin tuna increased by X% to X tons, rising for the third consecutive year after three years of decline. Overall, imports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, frozen southern bluefin tuna imports declined rapidly to $X in 2020. In general, imports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. The level of import peaked at $X in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

Imports by Country

The U.S. was the major importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by Canada (X tons), comprising a X% share of total imports.

From 2007 to 2020, average annual rates of growth with regard to frozen southern bluefin tuna imports into the U.S. stood at -X%. At the same time, Canada (+X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +X% from 2007-2020. From 2007 to 2020, the share of Canada increased by +X% percentage points, while the U.S. (-X p.p.) saw their share reduced.

In value terms, the U.S. ($X) constitutes the largest market for imported frozen southern bluefin tuna in Northern America, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value in the U.S. amounted to -X%.

Import Prices by Country

The frozen southern bluefin tuna import price in Northern America stood at $X per ton in 2020, with a decrease of -X% against the previous year. Overall, the import price, however, posted a moderate expansion. The growth pace was the most rapid in 2011 when the import price increased by X% y-o-y. The level of import peaked at $X per ton in 2012; however, from 2013 to 2020, 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 the U.S. ($X per ton), while Canada stood at $X per ton.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen southern bluefin tuna in Northern America?

The countries with the highest volumes of frozen southern bluefin tuna consumption in 2020 were the U.S. and Canada.

What are the largest producers of frozen southern bluefin tuna in Northern America?

The country with the largest volume of frozen southern bluefin tuna production was Canada, accounting for 100% of total volume.

What are the leading importers of frozen southern bluefin tuna in Northern America?

In value terms, the U.S. constitutes the largest market for imported frozen southern bluefin tuna in Northern America, comprising 97% of total imports. The second position in the ranking was occupied by Canada, with a 2.9% share of total imports.

What is the average export price for frozen southern bluefin tuna in Northern America?

The frozen southern bluefin tuna export price in Northern America stood at $3,226 per ton in 2020, surging by 8.9% against the previous year.

What is the average import price for frozen southern bluefin tuna in Northern America?

The frozen southern bluefin tuna import price in Northern America stood at $23,438 per ton in 2020, falling by -37.3% against the previous year.

This report provides an in-depth analysis of the market for frozen southern bluefin tuna in Northern America. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Product coverage:

Country coverage:

Bermuda
Canada
Greenland
Saint Pierre and Miquelon
United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Northern America, split by region and country
Trade (exports and imports) in Northern America
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Bermuda
- Canada
- Greenland
- Saint Pierre and Miquelon
- United States
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023