Overview of the Global Market for Frozen Southern Bluefin Tuna

Market Size for Frozen Southern Bluefin Tuna

The global frozen southern bluefin tuna market rose markedly to $X in 2020, with an increase of X% against the previous year. The market value 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 pace of growth was the most pronounced in 2010 when the market value increased by X% y-o-y. Over the period under review, the global market hit record highs in 2020 and is expected to retain growth in the immediate term.

Production of Frozen Southern Bluefin Tuna

In value terms, frozen southern bluefin tuna production reached $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 remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2010 when the production volume increased by X% y-o-y. Global production peaked at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

Production By Country

Australia (X tons) constituted the country with the largest volume of frozen southern bluefin tuna production, comprising approx. X% of total volume. Moreover, frozen southern bluefin tuna production in Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tons), fourfold. The third position in this ranking was occupied by Taiwan (Chinese) (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume in Australia totaled +X%. The remaining producing countries recorded the following average annual rates of production growth: New Zealand (+X% per year) and Taiwan (Chinese) (+X% per year).

Exports of Frozen Southern Bluefin Tuna

Exports

After three years of growth, overseas shipments of frozen southern bluefin tuna decreased by -X% to X tons in 2020. In general, exports showed a pronounced decline. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. As a result, exports reached the peak of X tons. from 2012 to 2020, the growth of global exports failed to regain the momentum.

In value terms, frozen southern bluefin tuna exports reduced markedly to $X in 2020. Overall, exports showed a deep reduction. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, global exports attained the peak figure at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

Australia represented the main exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by South Korea (X tons), constituting a X% share of total exports.

From 2007 to 2020, average annual rates of growth with regard to frozen southern bluefin tuna exports from Australia stood at -X%. At the same time, South Korea (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2020. From 2007 to 2020, the share of Australia and South Korea increased by +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest frozen southern bluefin tuna supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global exports.

In Australia, frozen southern bluefin tuna exports contracted by an average annual rate of -X% over the period from 2007-2020.

Export Prices by Country

The average frozen southern bluefin tuna export price stood at $X per ton in 2020, waning by -X% against the previous year. Overall, the export price recorded a perceptible decrease. The growth pace was the most rapid in 2010 an increase of X% against the previous year. Over the period under review, average export prices hit record highs at $X per ton in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

Average prices varied somewhat amongst the major exporting countries. In 2020, the country with the highest price was South Korea ($X per ton), while Australia stood at $X per ton.

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

Imports of Frozen Southern Bluefin Tuna

Imports

In 2020, purchases abroad of frozen southern bluefin tuna increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, total imports indicated modest growth from 2007 to 2020: its volume 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 increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Global imports peaked in 2020 and are likely to continue growth in the immediate term.

In value terms, frozen southern bluefin tuna imports contracted dramatically to $X in 2020. Overall, imports saw a pronounced contraction. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. As a result, imports reached the peak of $X. from 2012 to 2020, the growth of global imports remained at a lower figure.

Imports by Country

Japan dominates frozen southern bluefin tuna imports structure, accounting for X tons, which was near X% of total imports in 2020. Italy (X tons) held the second position in the ranking, followed by Malaysia (X tons). All these countries together held approx. X% share of total imports.

Imports into Japan increased at an average annual rate of +X% from 2007 to 2020. At the same time, Malaysia (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2020. Italy (+X p.p.) and Malaysia (+X p.p.) significantly strengthened its position in terms of the global imports, while Japan saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, Japan ($X) constitutes the largest market for imported frozen southern bluefin tuna worldwide, comprising X% of global imports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of global imports.

From 2007 to 2020, the average annual growth rate of value in Japan stood at -X%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and Italy (+X% per year).

Import Prices by Country

In 2020, the average frozen southern bluefin tuna import price amounted to $X per ton, which is down by -X% against the previous year. Overall, the import price saw a perceptible decline. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. from 2012 to 2020, the growth in terms of the average import prices failed to regain the momentum.

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

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

Source: IndexBox Platform

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