South-Eastern Asia: Market for Frozen Southern Bluefin Tuna 2022

Market Size for Frozen Southern Bluefin Tuna in South-Eastern Asia

The Southeast Asian frozen southern bluefin tuna market rose sharply to $X in 2020, picking up by X% against the previous year. Overall, consumption showed a strong expansion. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. Over the period under review, the market hit record highs in 2020 and is likely to see steady growth in years to come.

Production of Frozen Southern Bluefin Tuna in South-Eastern Asia

In value terms, frozen southern bluefin tuna production fell to $X in 2020 estimated in export prices. In general, production, however, continues to indicate a pronounced curtailment. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. The level of production peaked at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Production By Country in South-Eastern Asia

Indonesia (X tons) remains the largest frozen southern bluefin tuna producing country in South-Eastern Asia, accounting for X% of total volume. Moreover, frozen southern bluefin tuna production in Indonesia exceeded the figures recorded by the second-largest producer, the Philippines (X tons), twofold. The third position in this ranking was occupied by Myanmar (X tons), with a X% share.

In Indonesia, frozen southern bluefin tuna production increased at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: the Philippines (+X% per year) and Myanmar (+X% per year).

Exports of Frozen Southern Bluefin Tuna

Exports in South-Eastern Asia

In 2020, shipments abroad of frozen southern bluefin tuna decreased by -X% to X tons, falling for the second year in a row after two years of growth. In general, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum 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 declined markedly to $X in 2020. Over the period under review, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by X% year-to-year. The level of export peaked at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Vietnam was the main exporter of frozen southern bluefin tuna in South-Eastern Asia, with the volume of exports recording X tons, which was near X% of total exports in 2020. The Philippines (X tons) ranks second in terms of the total exports with a X% share, followed by Indonesia (X%).

Vietnam was also the fastest-growing in terms of the frozen southern bluefin tuna exports, with a CAGR of +X% from 2007 to 2020. the Philippines (-X%) and Indonesia (-X%) illustrated a downward trend over the same period. While the share of Vietnam (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of the Philippines (-X p.p.) and Indonesia (-X p.p.) displayed negative dynamics.

In value terms, the largest frozen southern bluefin tuna supplying countries in South-Eastern Asia were Vietnam ($X), Indonesia ($X) and the Philippines ($X the main exporting countries, Vietnam saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2020, the frozen southern bluefin tuna export price in South-Eastern Asia amounted to $X per ton, waning by -X% against the previous year. Over the period under review, the export price showed a abrupt contraction. The pace of growth appeared the most rapid in 2009 an increase of X% against the previous year. The level of export peaked at $X per ton in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam, while the other leaders experienced a decline in the export price figures.

Imports of Frozen Southern Bluefin Tuna

Imports in South-Eastern Asia

In 2020, approx. X tons of frozen southern bluefin tuna were imported in South-Eastern Asia; increasing by X% against 2019. Overall, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2020 and are expected to retain growth in the immediate term.

In value terms, frozen southern bluefin tuna imports skyrocketed to $X in 2020. Over the period under review, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2019 with an increase of X% year-to-year. The level of import peaked in 2020 and is expected to retain growth in the near future.

Imports by Country

The purchases of the one major importers of frozen southern bluefin tuna, namely Malaysia, represented more than two-thirds of total import.

Malaysia was also the fastest-growing in terms of the frozen southern bluefin tuna imports, with a CAGR of +X% from 2007 to 2020. While the share of Malaysia (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) constitutes the largest market for imported frozen southern bluefin tuna in South-Eastern Asia.

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

Import Prices by Country

The frozen southern bluefin tuna import price in South-Eastern Asia stood at $X per ton in 2020, shrinking by -X% against the previous year. In general, the import price showed a pronounced downturn. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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