Global Frozen Yellowfin Tuna Market 2022

Frozen Yellowfin Tuna Market Size

The global frozen yellowfin tuna market was estimated at $X in 2020, growing 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 most prominent rate of growth was recorded in 2018 when the market value increased by X% year-to-year. Global consumption peaked in 2020 and is expected to retain growth in the immediate term.

Frozen Yellowfin Tuna Production

In value terms, frozen yellowfin tuna production shrank 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 remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, global production attained the peak level at $X in 2019, and then shrank modestly in the following year.

Production By Country

The countries with the highest volumes of frozen yellowfin tuna production in 2020 were Taiwan (Chinese) (X tons), Papua New Guinea (X tons) and France (X tons), with a combined X% share of global production.

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

Frozen Yellowfin Tuna Exports

Exports

In 2020, shipments abroad of frozen yellowfin tuna was finally on the rise to reach X tons for the first time since 2017, thus ending a two-year declining trend. The total export 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 pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. As a result, exports attained the peak of X tons. from 2018 to 2020, the growth of global exports remained at a lower figure.

In value terms, frozen yellowfin tuna exports totaled $X in 2020. In general, total exports indicated noticeable 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 2017 indices. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. from 2018 to 2020, the growth of global exports remained at a somewhat lower figure.

Exports by Country

In 2020, the Philippines (X tons), South Korea (X tons), Spain (X tons), France (X tons), China (X tons), Indonesia (X tons), Papua New Guinea (X tons), Mexico (X tons), Micronesia (X tons), Panama (X tons), Thailand (X tons) and Colombia (X tons) represented the major exporter of frozen yellowfin tuna in the world, comprising X% of total export.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Micronesia, while exports for the other global leaders experienced more modest paces of growth.

In value terms, the largest frozen yellowfin tuna supplying countries worldwide were the Philippines ($X), China ($X) and South Korea ($X), together comprising X% of global exports. Spain, France, Indonesia, Papua New Guinea, Mexico, Panama, Micronesia, Thailand and Colombia lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to the value of exports, in terms of 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 yellowfin tuna export price amounted to $X per ton, declining by -X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Global export price peaked at $X per ton in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

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

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

Frozen Yellowfin Tuna Imports

Imports

In 2020, purchases abroad of frozen yellowfin tuna was finally on the rise to reach X tons for the first time since 2017, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen yellowfin tuna imports totaled $X in 2020. The total import value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. As a result, imports reached the peak of $X; afterwards, it flattened through to 2020.

Imports by Country

Thailand (X tons) and Spain (X tons) represented roughly X% of total imports of frozen yellowfin tuna in 2020. It was distantly followed by Vietnam (X tons), Japan (X tons), Italy (X tons) and the Philippines (X tons), together creating a X% share of total imports. Seychelles (X tons), Mauritius (X tons), Guatemala (X tons), China (X tons) and Indonesia (X tons) followed a long way behind the leaders.

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

In value terms, the largest frozen yellowfin tuna importing markets worldwide were Spain ($X), Thailand ($X) and Japan ($X), with a combined X% share of global imports. These countries were followed by Vietnam, Italy, the Philippines, Seychelles, Mauritius, Guatemala, China and Indonesia, which together accounted for a further X terms of the main importing countries, Indonesia recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average frozen yellowfin tuna import price amounted to $X per ton, waning by -X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. Global import price peaked at $X per ton in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Japan ($X per ton), while Thailand ($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 global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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