China: Bigeye Tuna Market 2022

Bigeye Tuna Market Size in China

In 2020, the Chinese bigeye tuna market increased by X% to $X, rising for the fourth consecutive year after three years of decline. Overall, consumption enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2020, consumption remained at a lower figure.

Bigeye Tuna Production in China

In value terms, bigeye tuna production reached $X in 2020 estimated in export prices. In general, the total production indicated a noticeable increase 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. Based on 2020 figures, production increased by +X% against 2016 indices. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, production hit record highs at $X in 2011; however, from 2012 to 2020, production failed to regain the momentum.

Bigeye Tuna Exports

Exports from China

In 2020, overseas shipments of bigeye tuna decreased by -X% to X tons, falling for the fourth year in a row after three years of growth. In general, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at X tons in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

In value terms, bigeye tuna exports contracted dramatically to $X in 2020. Overall, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Exports peaked at $X in 2009; however, from 2010 to 2020, exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for bigeye tuna exports from China, accounting for a X% share of total exports. Moreover, bigeye tuna exports to Japan exceeded the volume sent to the second major destination, Vietnam (X tons), more than tenfold. Thailand (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Japan stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+X% per year) and Thailand (+X% per year).

In value terms, Japan ($X) remains the key foreign market for bigeye tuna exports from China, comprising X% of total exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Japan stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and Vietnam (+X% per year).

Export Prices by Country

In 2020, the average bigeye tuna export price amounted to $X per ton, waning by -X% against the previous year. In general, the export price showed a mild descent. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. The export price peaked at $X per ton in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was South Korea ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to South Korea, while the prices for the other major destinations experienced a decline.

Bigeye Tuna Imports

Imports into China

In 2020, approx. X tons of bigeye tuna were imported into China; reducing by -X% compared with the previous year's figure. Overall, imports showed a perceptible shrinkage. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

In value terms, bigeye tuna imports contracted sharply to $X in 2020. In general, imports showed a deep reduction. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, South Korea (X tons) constituted the largest supplier of bigeye tuna to China, with a X% share of total imports. Moreover, bigeye tuna imports from South Korea exceeded the figures recorded by the second-largest supplier, Sri Lanka (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from South Korea totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (+X% per year) and Taiwan (Chinese) (+X% per year).

In value terms, the largest bigeye tuna suppliers to China were South Korea ($X), Sri Lanka ($X) and Micronesia ($X), with a combined X% share of total imports.

Among the main suppliers, Sri Lanka saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average bigeye tuna import price amounted to $X per ton, reducing by -X% against the previous year. In general, the import price showed a drastic downturn. The growth pace was the most rapid in 2017 an increase of X% year-to-year. Over the period under review, average import prices attained the maximum at $X per ton in 2008; however, from 2009 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Micronesia ($X per ton), while the price for Taiwan (Chinese) ($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 U.S., while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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