Asia-Pacific: Frozen Yellowfin Tuna Market 2022

Frozen Yellowfin Tuna Market Size in Asia-Pacific

After two years of growth, the Asia-Pacific frozen yellowfin tuna market decreased by -X% to $X in 2020. 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 in certain years. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. The level of consumption peaked at $X in 2019, and then fell in the following year.

Frozen Yellowfin Tuna Production in Asia-Pacific

In value terms, frozen yellowfin tuna production fell 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 relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. The level of production peaked at $X in 2019, and then declined in the following year.

Production By Country in Asia-Pacific

The countries with the highest volumes of frozen yellowfin tuna production in 2020 were Taiwan (Chinese) (X tons), Papua New Guinea (X tons) and South Korea (X tons), together accounting for X% of total production.

From 2007 to 2020, the biggest increases were in Papua New Guinea, while frozen yellowfin tuna production for the other leaders experienced more modest paces of growth.

Frozen Yellowfin Tuna Exports

Exports in Asia-Pacific

In 2020, shipments abroad of frozen yellowfin tuna was finally on the rise to reach X tons after two years of decline. Over the period under review, exports posted a notable increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. As a result, exports attained the peak of X tons. from 2018 to 2020, the growth exports failed to regain the momentum.

In value terms, frozen yellowfin tuna exports expanded sharply to $X in 2020. Overall, exports recorded a perceptible expansion. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. As a result, exports reached the peak of $X. from 2018 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

The Philippines (X tons) and South Korea (X tons) represented roughly X% of total exports of frozen yellowfin tuna in 2020. China (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by Indonesia (X%), Papua New Guinea (X%), Micronesia (X%), Thailand (X%) and India (X%).

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

In value terms, the Philippines ($X), China ($X) and South Korea ($X) were the countries with the highest levels of exports in 2020, together comprising X% of total exports. These countries were followed by Indonesia, Papua New Guinea, Micronesia, Thailand and India, which together accounted for a further X saw 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 leaders experienced more modest paces of growth.

Export Prices by Country

The frozen yellowfin tuna export price in Asia-Pacific stood at $X per ton in 2020, dropping by -X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2020, export prices remained at a 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 ($X per ton), while India ($X per ton) was amongst the lowest.

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

Frozen Yellowfin Tuna Imports

Imports in Asia-Pacific

In 2020, purchases abroad of frozen yellowfin tuna was finally on the rise to reach X tons after two years of decline. Total imports indicated a pronounced increase 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen yellowfin tuna imports rose modestly to $X in 2020. Total imports indicated measured growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, 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. The level of import peaked in 2020 and is expected to retain growth in the immediate term.

Imports by Country

Thailand represented the largest importing country with an import of around X tons, which finished at X% of total imports. Vietnam (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by Japan (X%) and the Philippines (X%). The following importers - China (X tons) and Indonesia (X tons) - each finished at a X% share of total imports.

Thailand experienced a relatively flat trend pattern with regard to volume of imports of frozen yellowfin tuna. At the same time, Indonesia (+X%), Vietnam (+X%), China (+X%) and the Philippines (+X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +X% from 2007-2020. By contrast, Japan (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Vietnam, the Philippines, Indonesia and China increased by +X%, +X%, +X% and +X% percentage points, while Thailand (-X p.p.) and Japan (-X p.p.) saw their share reduced.

In value terms, Thailand ($X), Japan ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2020, with a combined X% share of total imports. The Philippines, China and Indonesia lagged somewhat behind, together accounting for a further X recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The frozen yellowfin tuna import price in Asia-Pacific stood at $X per ton in 2020, waning by -X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the import price increased by X% y-o-y. The level of import peaked at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per ton), while Thailand ($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 leaders experienced more modest paces of growth.

Source: IndexBox Platform

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