U.S.: Frozen Yellowfin Tuna Market 2022

Frozen Yellowfin Tuna Market Size in the U.S.

After two years of growth, the U.S. frozen yellowfin tuna market decreased by -X% to $X in 2020. Overall, consumption showed a deep contraction. The pace of growth appeared the most rapid in 2013 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Frozen Yellowfin Tuna Exports

Exports from the U.S.

In 2020, frozen yellowfin tuna exports from the U.S. surged to X tons, with an increase of X% against the previous year. In general, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. As a result, exports reached the peak of X tons. from 2009 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, frozen yellowfin tuna exports skyrocketed to $X in 2020. Over the period under review, exports recorded buoyant growth. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. As a result, exports attained the peak of $X. from 2009 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Ecuador (X tons), Vietnam (X tons) and Spain (X tons) were the main destinations of frozen yellowfin tuna exports from the U.S., with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ecuador (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), Vietnam ($X) and Spain ($X) appeared to be the largest markets for frozen yellowfin tuna exported from the U.S. worldwide, together accounting for X% of total exports.

Among the main countries of destination, Ecuador (+X% per year) recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average frozen yellowfin tuna export price stood at $X per ton in 2020, picking up by X% against the previous year. Overall, the export price, however, recorded a mild setback. The pace of growth was the most pronounced in 2010 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the maximum at $X per ton in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced mixed trend patterns.

Frozen Yellowfin Tuna Imports

Imports into the U.S.

In 2020, approx. X tons of frozen yellowfin tuna were imported into the U.S.; with an increase of X% compared with the previous year's figure. In general, imports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X tons in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, frozen yellowfin tuna imports declined dramatically to $X in 2020. Overall, imports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Vietnam (X tons) constituted the largest frozen yellowfin tuna supplier to the U.S., with a X% share of total imports. Moreover, frozen yellowfin tuna imports from Vietnam exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), fivefold. The third position in this ranking was occupied by the Philippines (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Vietnam amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-X% per year) and the Philippines (-X% per year).

In value terms, Vietnam ($X) constituted the largest supplier of frozen yellowfin tuna to the U.S., comprising X% of total imports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Vietnam amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-X% per year) and the Philippines (-X% per year).

Import Prices by Country

The average frozen yellowfin tuna import price stood at $X per ton in 2020, which is down by -X% against the previous year. Over the period under review, the import price saw a noticeable descent. The growth pace was the most rapid in 2012 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per ton. from 2013 to 2020, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the Philippines ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

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

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