Asia: Bigeye Tuna Market 2022

Bigeye Tuna Market Size in Asia

For the third year in a row, the Asian bigeye tuna market recorded decline in sales value, which decreased by -X% to $X in 2020. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Bigeye Tuna Production in Asia

In value terms, bigeye tuna production declined to $X in 2020 estimated in export prices. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X. from 2012 to 2020, production growth remained at a somewhat lower figure.

Production By Country in Asia

The countries with the highest volumes of bigeye tuna production in 2020 were Taiwan (Chinese) (X tons), China (X tons) and South Korea (X tons), together comprising X% of total production. Indonesia, Oman and Singapore lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of bigeye tuna production, amongst the main producing countries, was attained by Oman, while bigeye tuna production for the other leaders experienced more modest paces of growth.

Bigeye Tuna Exports

Exports in Asia

In 2020, overseas shipments of bigeye tuna decreased by -X% to X tons, falling for the fourth year in a row after two years of growth. Overall, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. The volume of export peaked at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, bigeye tuna exports dropped rapidly to $X in 2020. In general, exports saw a deep reduction. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. The level of export peaked at $X in 2010; however, from 2011 to 2020, exports remained at a lower figure.

Exports by Country

In 2020, China (X tons) was the main exporter of bigeye tuna, mixing up X% of total exports. It was distantly followed by South Korea (X tons) and Indonesia (X tons), together comprising a X% share of total exports. The following exporters - Japan (X tons), Singapore (X tons) and Sri Lanka (X tons) - together made up X% of total exports.

From 2007 to 2020, the biggest increases were in Sri Lanka, while shipments for the other leaders experienced a decline in the exports figures.

In value terms, China ($X) remains the largest bigeye tuna supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in China stood at -X%. In the other countries, the average annual rates were as follows: South Korea (-X% per year) and Indonesia (-X% per year).

Export Prices by Country

The bigeye tuna export price in Asia stood at $X per ton in 2020, falling by -X% against the previous year. In general, the export price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2010 when the export price increased by X% year-to-year. Over the period under review, export prices hit record highs at $X per ton in 2011; however, from 2012 to 2020, export prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced mixed trends in the export price figures.

Bigeye Tuna Imports

Imports in Asia

After three years of decline, overseas purchases of bigeye tuna increased by X% to X tons in 2020. In general, imports, however, continue to indicate a relatively flat trend pattern. The volume of import peaked at X tons in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

In value terms, bigeye tuna imports fell to $X in 2020. Overall, imports, however, continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. As a result, imports attained the peak of $X. from 2013 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Japan was the key importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by Thailand (X tons), generating a X% share of total imports. The following importers - Vietnam (X tons) and Turkey (X tons) - each finished at a X% share of total imports.

Imports into Japan decreased at an average annual rate of -X% from 2007 to 2020. At the same time, Turkey (+X%), Vietnam (+X%) and Thailand (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2007-2020. From 2007 to 2020, the share of Thailand, Vietnam and Turkey increased by +X%, +X% and +X% percentage points, while Japan (-X p.p.) saw their share reduced.

In value terms, Japan ($X) constitutes the largest market for imported bigeye tuna in Asia, comprising X% of total imports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

In Japan, bigeye tuna imports plunged by an average annual rate of -X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Vietnam (+X% per year).

Import Prices by Country

In 2020, the bigeye tuna import price in Asia amounted to $X per ton, with a decrease of -X% against the previous year. In general, the import price showed a slight shrinkage. The growth pace was the most rapid in 2008 an increase of X% year-to-year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Turkey, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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