South-Eastern Asia: Frozen Yellowfin Tuna Market 2022

Frozen Yellowfin Tuna Market Size in South-Eastern Asia

In 2020, after five years of growth, there was significant decline in the Southeast Asian frozen yellowfin tuna market, when its value decreased by -X% to $X. Overall, consumption saw a tangible expansion. The growth pace was the most rapid in 2009 with an increase of X% year-to-year. The level of consumption peaked at $X in 2019, and then declined in the following year.

Frozen Yellowfin Tuna Production in South-Eastern Asia

In value terms, frozen yellowfin tuna production reduced to $X in 2020 estimated in export prices. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. As a result, production reached the peak level of $X. from 2013 to 2020, production growth remained at a lower figure.

Production By Country in South-Eastern Asia

The countries with the highest volumes of frozen yellowfin tuna production in 2020 were the Philippines (X tons), Indonesia (X tons) and Singapore (X tons), with a combined X% share of total production.

From 2007 to 2020, the most notable rate of growth in terms of frozen yellowfin tuna production, amongst the main producing countries, was attained by Singapore, while frozen yellowfin tuna production for the other leaders experienced more modest paces of growth.

Frozen Yellowfin Tuna Exports

Exports in South-Eastern Asia

After two years of decline, shipments abroad of frozen yellowfin tuna increased by X% to X tons in 2020. Total exports indicated a pronounced increase from 2007 to 2020: its volume 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. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen yellowfin tuna exports skyrocketed to $X in 2020. Total exports indicated moderate growth 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. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. The level of export peaked in 2020 and is expected to retain growth in the immediate term.

Exports by Country

The Philippines represented the key exporter of frozen yellowfin tuna in South-Eastern Asia, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2020. It was distantly followed by Indonesia (X tons), Thailand (X tons) and Vietnam (X tons), together generating a X% share of total exports. Singapore (X tons) occupied a relatively small share of total exports.

Exports from the Philippines increased at an average annual rate of +X% from 2007 to 2020. At the same time, Vietnam (+X%), Singapore (+X%) and Indonesia (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +X% from 2007-2020. By contrast, Thailand (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of the Philippines and Vietnam increased by +X% and +X% percentage points, while Indonesia (-X p.p.) and Thailand (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) remains the largest frozen yellowfin tuna supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2007 to 2020, the average annual growth rate of value in the Philippines stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (+X% per year) and Thailand (-X% per year).

Export Prices by Country

In 2020, the frozen yellowfin tuna export price in South-Eastern Asia amounted to $X per ton, shrinking by -X% against the previous year. Over the period under review, the export price continues to indicate a slight decline. The growth pace was the most rapid in 2017 an increase of X% year-to-year. Over the period under review, export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Singapore ($X per ton) and Indonesia ($X per ton), while 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 attained by Vietnam, while the other leaders experienced mixed trends in the export price figures.

Frozen Yellowfin Tuna Imports

Imports in South-Eastern Asia

In 2020, imports of frozen yellowfin tuna in South-Eastern Asia skyrocketed to X tons, picking up by X% on the previous year. Overall, imports recorded a moderate expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of import peaked in 2020 and is expected to retain growth in the near future.

In value terms, frozen yellowfin tuna imports skyrocketed to $X in 2020. Over the period under review, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2013 when imports increased by X% year-to-year. The level of import peaked in 2020 and is likely to continue growth in the near future.

Imports by Country

In 2020, Thailand (X tons) represented the largest importer of frozen yellowfin tuna, comprising X% of total imports. Vietnam (X tons) ranks second in terms of the total imports with a X% share, followed by the Philippines (X%) and Indonesia (X%).

Thailand experienced a relatively flat trend pattern with regard to volume of imports of frozen yellowfin tuna. At the same time, Indonesia (+X%), Vietnam (+X%) and the Philippines (+X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +X% from 2007-2020. From 2007 to 2020, the share of Vietnam, the Philippines and Indonesia increased by +X%, +X% and +X% percentage points, while Thailand (-X p.p.) saw their share reduced.

In value terms, the largest frozen yellowfin tuna importing markets in South-Eastern Asia were Thailand ($X), Vietnam ($X) and the Philippines ($X), together comprising X% of total imports. Indonesia lagged somewhat behind, accounting for a further X saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The frozen yellowfin tuna import price in South-Eastern Asia stood at $X per ton in 2020, falling by -X% against the previous year. Import price indicated modest growth 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. The most prominent rate of growth was recorded in 2012 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2019, and then declined rapidly in the following year.

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

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

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :