Southern Asia: Frozen Yellowfin Tuna Market 2022

Frozen Yellowfin Tuna Market Size in Southern Asia

In 2020, the South Asian frozen yellowfin tuna market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption showed prominent growth. The pace of growth was the most pronounced in 2019 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2020, consumption stood at a somewhat lower figure.

Frozen Yellowfin Tuna Production in Southern Asia

In value terms, frozen yellowfin tuna production rose modestly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2020, production failed to regain the momentum.

Production By Country in Southern Asia

India (X tons) remains the largest frozen yellowfin tuna producing country in Southern Asia, comprising approx. X% of total volume. It was followed by Pakistan (X tons), with a X% share of total production.

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

Frozen Yellowfin Tuna Exports

Exports in Southern Asia

In 2020, overseas shipments of frozen yellowfin tuna decreased by -X% to X tons, falling for the second year in a row after three years of growth. Overall, exports showed a perceptible curtailment. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. As a result, exports attained the peak of X tons. from 2019 to 2020, the growth exports failed to regain the momentum.

In value terms, frozen yellowfin tuna exports dropped markedly to $X in 2020. Over the period under review, exports showed a pronounced shrinkage. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. As a result, exports reached the peak of $X. from 2019 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

India dominates frozen yellowfin tuna exports structure, finishing at X tons, which was near X% of total exports in 2020. It was distantly followed by Sri Lanka (X tons), constituting a X% share of total exports.

Exports from India decreased at an average annual rate of -X% from 2007 to 2020. At the same time, Sri Lanka (+X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +X% from 2007-2020. While the share of Sri Lanka (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of India (-X p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest frozen yellowfin tuna supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was occupied by Sri Lanka ($X), with a X% share of total exports.

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

Export Prices by Country

The frozen yellowfin tuna export price in Southern Asia stood at $X per ton in 2020, declining by -X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Sri Lanka ($X per ton), while India totaled $X per ton.

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

Frozen Yellowfin Tuna Imports

Imports in Southern Asia

In 2020, after two years of growth, there was significant decline in supplies from abroad of frozen yellowfin tuna, when their volume decreased by -X% to X tons. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. from 2017 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, frozen yellowfin tuna imports declined markedly to $X in 2020. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Sri Lanka (X tons) represented the major importer of frozen yellowfin tuna, mixing up X% of total imports. It was distantly followed by India (X tons), generating a X% share of total imports.

Sri Lanka experienced a relatively flat trend pattern with regard to volume of imports of frozen yellowfin tuna. At the same time, India (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +X% from 2007-2020. While the share of India (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Sri Lanka (-X p.p.) displayed negative dynamics.

In value terms, Sri Lanka ($X) constitutes the largest market for imported frozen yellowfin tuna in Southern Asia, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports.

In Sri Lanka, frozen yellowfin tuna imports contracted by an average annual rate of -X% over the period from 2007-2020.

Import Prices by Country

The frozen yellowfin tuna import price in Southern Asia stood at $X per ton in 2020, surging by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2020, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2020, the country with the highest price was India ($X per ton), while Sri Lanka stood at $X per ton.

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

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Source: IndexBox Platform

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