Asia-Pacific: Bigeye Tuna Market 2022

Bigeye Tuna Market Size in Asia-Pacific

For the third year in a row, the Asia-Pacific bigeye tuna market recorded decline in sales value, which decreased by -X% to $X in 2020. Over the period under review, consumption saw a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. The level of consumption peaked at $X in 2012; however, from 2013 to 2020, consumption stood at a somewhat lower figure.

Bigeye Tuna Production in Asia-Pacific

In value terms, bigeye tuna production declined to $X in 2020 estimated in export prices. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. from 2012 to 2020, production growth remained at a lower figure.

Production By Country in Asia-Pacific

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. These countries were followed by Indonesia, Singapore and Micronesia, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of bigeye tuna production, amongst the key producing countries, was attained by Singapore, while bigeye tuna production for the other leaders experienced more modest paces of growth.

Bigeye Tuna Exports

Exports in Asia-Pacific

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. Over the period under review, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. 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 notably to $X in 2020. Overall, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous 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), distantly followed by South Korea (X tons), Micronesia (X tons) and Indonesia (X tons) represented the key exporters of bigeye tuna, together comprising X% of total exports. Japan (X tons), Singapore (X tons) and Solomon Islands (X tons) followed a long way behind the leaders.

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 leaders experienced mixed trends in the exports figures.

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

From 2007 to 2020, the average annual growth rate of value in China amounted to -X%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (-X% per year) and Micronesia (+X% per year).

Export Prices by Country

In 2020, the bigeye tuna export price in Asia-Pacific amounted to $X per ton, which is down by -X% against the previous year. Over the period under review, the export price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2010 when the export price increased by X% year-to-year. The level of export peaked at $X per ton in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was China ($X per ton), while Solomon Islands ($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 more modest paces of growth.

Bigeye Tuna Imports

Imports in Asia-Pacific

In 2020, purchases abroad of bigeye tuna was finally on the rise to reach X tons after three years of decline. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

In value terms, bigeye tuna imports declined to $X in 2020. Overall, imports, however, saw a pronounced descent. 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 failed to regain the momentum.

Imports by Country

Japan represented the major importer of bigeye tuna in Asia-Pacific, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2020. It was distantly followed by Thailand (X tons), making up a X% share of total imports. Vietnam (X tons) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to bigeye tuna imports into Japan stood at -X%. At the same time, Vietnam (+X%) and Thailand (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +X% from 2007-2020. While the share of Thailand (+X p.p.) and Vietnam (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Japan (-X p.p.) displayed negative dynamics.

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

In Japan, bigeye tuna imports contracted 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

The bigeye tuna import price in Asia-Pacific stood at $X per ton in 2020, shrinking by -X% against the previous year. Over the period under review, the import price showed a slight slump. 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 remained at a lower figure.

Prices varied noticeably by the country of destination; 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 Thailand, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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