Report Update Apr 1, 2024

Singapore - Bigeye Tuna - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Bigeye Tuna Market 2022

Bigeye Tuna Market Size in Singapore

The Singaporean bigeye tuna market soared to $X in 2020, growing by X% against the previous year. Overall, consumption continues to indicate prominent growth. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2010; however, from 2011 to 2020, consumption failed to regain the momentum.

Bigeye Tuna Production in Singapore

In value terms, bigeye tuna production stood at $X in 2020 estimated in export prices. In general, the total production indicated a temperate 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 pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2010; however, from 2011 to 2020, production remained at a lower figure.

Bigeye Tuna Exports

Exports from Singapore

In 2020, approx. X tons of bigeye tuna were exported from Singapore; dropping by -X% compared with the previous year's figure. In general, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tons in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

In value terms, bigeye tuna exports contracted rapidly to $X in 2020. Over the period under review, exports saw a noticeable downturn. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2015; however, from 2016 to 2020, exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for bigeye tuna exports from Singapore, with a X% share of total exports. Moreover, bigeye tuna exports to Japan exceeded the volume sent to the second major destination, Vietnam (X tons), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Japan totaled -X%.

In value terms, Japan ($X) remains the key foreign market for bigeye tuna exports from Singapore, comprising X% of total exports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of total exports.

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

Export Prices by Country

In 2020, the average bigeye tuna export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per ton. from 2011 to 2020, the growth in terms of the average export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2020, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Japan totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan.

Bigeye Tuna Imports

Imports into Singapore

In 2020, overseas purchases of bigeye tuna increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, showed a pronounced contraction. Imports peaked at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, bigeye tuna imports soared to $X in 2020. Overall, imports, however, recorded a abrupt setback. Imports peaked at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Seychelles (X tons), Vietnam (X tons) and Malaysia (X tons) were the main suppliers of bigeye tuna imports to Singapore, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in Malaysia (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Seychelles ($X) constituted the largest supplier of bigeye tuna to Singapore, comprising X% of total imports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

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

Import Prices by Country

The average bigeye tuna import price stood at $X per ton in 2020, increasing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bigeye tuna in the world?

The countries with the highest volumes of bigeye tuna consumption in 2020 were Japan, Taiwan Chinese) and Thailand, with a combined 63% share of global consumption. China, South Korea, Ecuador, France and Mauritius lagged somewhat behind, together accounting for a further 21%.

What are the largest producers of bigeye tuna in the world?

The countries with the highest volumes of bigeye tuna production in 2020 were Taiwan Chinese), China and South Korea, together comprising 69% of global production. These countries were followed by France, Ecuador, Panama, Indonesia, Oman and Singapore, which together accounted for a further 21%.

What are the leading suppliers of bigeye tuna to Singapore?

In value terms, Seychelles constituted the largest supplier of bigeye tuna to Singapore, comprising 59% of total imports. The second position in the ranking was occupied by Malaysia, with a 14% share of total imports. It was followed by Vietnam, with a 11% share.

What are the leading importers of bigeye tuna from Singapore?

In value terms, Japan remains the key foreign market for bigeye tuna exports from Singapore, comprising 88% of total exports. The second position in the ranking was occupied by Vietnam, with a 12% share of total exports.

What is the average export price for bigeye tuna in Singapore?

The average bigeye tuna export price stood at $2,706 per ton in 2020, surging by 3.4% against the previous year.

What is the average import price for bigeye tuna in Singapore?

The average bigeye tuna import price stood at $2,788 per ton in 2020, rising by 322% against the previous year.

This report provides an in-depth analysis of the bigeye tuna market in Singapore. 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:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
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