Report Update May 1, 2024

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

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Philippines: Market for Frozen Southern Bluefin Tuna 2022

Market Size for Frozen Southern Bluefin Tuna in the Philippines

In 2020, the Philippine frozen southern bluefin tuna market decreased by -X% to $X, falling for the third consecutive year after four years of growth. In general, consumption, however, saw a significant expansion. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2020, consumption stood at a somewhat lower figure.

Production of Frozen Southern Bluefin Tuna in the Philippines

In value terms, frozen southern bluefin tuna production expanded modestly to $X in 2020 estimated in export prices. Overall, production showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. As a result, production reached the peak level of $X. from 2012 to 2020, production growth remained at a somewhat lower figure.

Exports of Frozen Southern Bluefin Tuna

Exports from the Philippines

In 2020, overseas shipments of frozen southern bluefin tuna increased by X% to X tons, rising for the third consecutive year after four years of decline. Over the period under review, exports, however, recorded a deep setback. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, frozen southern bluefin tuna exports contracted modestly to $X in 2020. Overall, exports, however, recorded a sharp decline. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for frozen southern bluefin tuna exports from the Philippines, with a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Japan stood at -X%.

In value terms, Japan ($X) also remains the key foreign market for frozen southern bluefin tuna exports from the Philippines.

From 2007 to 2020, the average annual rate of growth in terms of value to Japan stood at -X%.

Export Prices by Country

In 2020, the average frozen southern bluefin tuna export price amounted to $X per ton, waning by -X% against the previous year. Overall, the export price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2008; however, from 2009 to 2020, export prices remained at a lower figure.

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

From 2007 to 2020, the rate of growth in terms of prices for Japan amounted to -X% per year.

Imports of Frozen Southern Bluefin Tuna

Imports into the Philippines

In 2020, approx. X kg of frozen southern bluefin tuna were imported into the Philippines; approximately equating the previous year's figure. In general, imports saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at X kg in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, frozen southern bluefin tuna imports amounted to $X in 2020. Over the period under review, imports continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

In 2018, Brazil (X kg) was the main frozen southern bluefin tuna supplier to the Philippines, with a approx. X% share of total imports.

From 2007 to 2018, the average annual rate of growth in terms of volume from Brazil was relatively modest.

In value terms, Brazil ($X) constituted the largest supplier of frozen southern bluefin tuna to the Philippines.

From 2007 to 2018, the average annual rate of growth in terms of value from Brazil was relatively modest.

Import Prices by Country

In 2018, the average frozen southern bluefin tuna import price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The import price peaked in 2018 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for Brazil.

From 2007 to 2018, the rate of growth in terms of prices for Brazil amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

Japan remains the largest frozen southern bluefin tuna consuming country worldwide, accounting for 45% of total volume. Moreover, frozen southern bluefin tuna consumption in Japan exceeded the figures recorded by the second-largest consumer, Australia, twofold. New Zealand ranked third in terms of total consumption with a 13% share.

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

The country with the largest volume of frozen southern bluefin tuna production was Australia, comprising approx. 60% of total volume. Moreover, frozen southern bluefin tuna production in Australia exceeded the figures recorded by the second-largest producer, New Zealand, fourfold. The third position in this ranking was occupied by Taiwan Chinese), with a 5.5% share.

What are the leading suppliers of frozen southern bluefin tuna to the Philippines?

In value terms, Brazil $83) constituted the largest supplier of frozen southern bluefin tuna to the Philippines.

What are the leading importers of frozen southern bluefin tuna from the Philippines?

In value terms, Japan remains the key foreign market for frozen southern bluefin tuna exports from the Philippines.

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

The average frozen southern bluefin tuna export price stood at $3,212 per ton in 2020, reducing by -32.1% against the previous year.

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

In 2018, the average frozen southern bluefin tuna import price amounted to $5,533 per ton, remaining relatively unchanged against the previous year.

This report provides an in-depth analysis of the market for frozen southern bluefin tuna in the Philippines. 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:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
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. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
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
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023