Global Frozen Skipjack Tuna Market 2022

Frozen Skipjack Tuna Market Size

The global frozen skipjack tuna market skyrocketed to $X in 2020, jumping by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. from 2014 to 2020, the growth of the global market failed to regain the momentum.

Frozen Skipjack Tuna Production

In value terms, frozen skipjack tuna production totaled $X in 2020 estimated in export prices. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Global production peaked at $X in 2013; however, from 2014 to 2020, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of frozen skipjack tuna production in 2020 were Taiwan (Chinese) (X tons), South Korea (X tons) and Spain (X tons), with a combined X% share of global production. These countries were followed by Indonesia, Micronesia, France, China, India, Papua New Guinea, Panama and New Zealand, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of frozen skipjack tuna production, amongst the key producing countries, was attained by Papua New Guinea, while frozen skipjack tuna production for the other global leaders experienced more modest paces of growth.

Frozen Skipjack Tuna Exports

Exports

In 2020, shipments abroad of frozen skipjack tuna decreased by -X% to X tons for the first time since 2014, thus ending a five-year rising trend. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Global exports peaked at X tons in 2019, and then declined in the following year.

In value terms, frozen skipjack tuna exports declined to $X in 2020. In general, total exports indicated pronounced growth from 2007 to 2020: its value 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. Based on 2020 figures, exports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. from 2013 to 2020, the growth of global exports failed to regain the momentum.

Exports by Country

Spain (X tons), South Korea (X tons), Micronesia (X tons), China (X tons), Indonesia (X tons), France (X tons), India (X tons) and Japan (X tons) represented roughly X% of total exports of frozen skipjack tuna in 2020.

From 2007 to 2020, the biggest increases were in Micronesia, while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Spain ($X), China ($X) and South Korea ($X) constituted the countries with the highest levels of exports in 2020, with a combined X% share of global exports. Micronesia, Indonesia, France, Japan and India lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average frozen skipjack tuna export price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2012 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

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

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

Frozen Skipjack Tuna Imports

Imports

In 2020, the amount of frozen skipjack tuna imported worldwide rose sharply to X tons, growing by X% against 2019 figures. The total import volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2009 with an increase of X% year-to-year. As a result, imports attained the peak of X tons; afterwards, it flattened through to 2020.

In value terms, frozen skipjack tuna imports expanded sharply to $X in 2020. Over the period under review, total imports indicated moderate growth from 2007 to 2020: its value 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. Based on 2020 figures, imports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. As a result, imports reached the peak of $X. from 2014 to 2020, the growth of global imports remained at a somewhat lower figure.

Imports by Country

Thailand represented the major importing country with an import of around X tons, which amounted to X% of total imports. The Philippines (X tons) took the second position in the ranking, followed by Mauritius (X tons). All these countries together occupied approx. X% share of total imports. Spain (X tons), China (X tons), Japan (X tons), Indonesia (X tons), Seychelles (X tons), Vietnam (X tons) and Turkey (X tons) held a relatively small share of total imports.

From 2007 to 2020, average annual rates of growth with regard to frozen skipjack tuna imports into Thailand stood at +X%. At the same time, Indonesia (+X%), Vietnam (+X%), the Philippines (+X%), China (+X%), Turkey (+X%), Mauritius (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2020. Japan experienced a relatively flat trend pattern. By contrast, Seychelles (-X%) illustrated a downward trend over the same period. While the share of the Philippines (+X p.p.), China (+X p.p.), Indonesia (+X p.p.) and Vietnam (+X p.p.) increased significantly in terms of the global imports from 2007-2020, the share of Seychelles (-X p.p.) and Thailand (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported frozen skipjack tuna worldwide, comprising X% of global imports. The second position in the ranking was occupied by the Philippines ($X), with a X% share of global imports. It was followed by Mauritius, with a X% share.

In Thailand, frozen skipjack tuna imports expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: the Philippines (+X% per year) and Mauritius (+X% per year).

Import Prices by Country

The average frozen skipjack tuna import price stood at $X per ton in 2020, remaining stable against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Mauritius ($X per ton) and Turkey ($X per ton), while Seychelles ($X per ton) and Spain ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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