Colombia: Frozen Yellowfin Tuna Market 2022

Frozen Yellowfin Tuna Market Size in Colombia

The Colombian frozen yellowfin tuna market totaled $X in 2019, remaining stable against the previous year. Over the period under review, consumption posted perceptible growth. The most prominent rate of growth was recorded in 2012 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2019.

Frozen Yellowfin Tuna Production in Colombia

In value terms, frozen yellowfin tuna production surged to $X in 2020 estimated in export prices. In general, production posted a significant increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2020, production stood at a somewhat lower figure.

Frozen Yellowfin Tuna Exports

Exports from Colombia

In 2020, after three years of decline, there was significant growth in overseas shipments of frozen yellowfin tuna, when their volume increased by X% to X tons. Overall, exports showed prominent growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Exports peaked at X tons in 2016; however, from 2017 to 2020, exports remained at a lower figure.

In value terms, frozen yellowfin tuna exports rose markedly to $X in 2020. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by X% year-to-year. Exports peaked at $X in 2016; however, from 2017 to 2020, exports remained at a lower figure.

Exports by Country

Guatemala (X tons), Panama (X tons) and Ecuador (X tons) were the main destinations of frozen yellowfin tuna exports from Colombia, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Guatemala (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen yellowfin tuna exported from Colombia were Guatemala ($X), Panama ($X) and Ecuador ($X), with a combined X% share of total exports.

Among the main countries of destination, Panama (+X% per year) saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average frozen yellowfin tuna export price stood at $X per ton in 2020, falling by -X% against the previous year. In general, the export price recorded a deep setback. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2008; however, from 2009 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Guatemala ($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 Japan, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Yellowfin Tuna Imports

Imports into Colombia

Frozen yellowfin tuna imports into Colombia dropped notably to X tons in 2020, waning by -X% compared with 2019. Over the period under review, imports saw a deep contraction. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

In value terms, frozen yellowfin tuna imports shrank rapidly to $X in 2020. Overall, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Cote d'Ivoire (X tons) constituted the largest frozen yellowfin tuna supplier to Colombia, accounting for a X% share of total imports. Moreover, frozen yellowfin tuna imports from Cote d'Ivoire exceeded the figures recorded by the second-largest supplier, Ecuador (X tons), threefold. The third position in this ranking was occupied by Seychelles (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Cote d'Ivoire stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+X% per year) and Seychelles (-X% per year).

In value terms, Cote d'Ivoire ($X) constituted the largest supplier of frozen yellowfin tuna to Colombia, comprising X% of total imports. The second position in the ranking was occupied by Ecuador ($X), with a X% share of total imports. It was followed by Seychelles, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Cote d'Ivoire amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+X% per year) and Seychelles (-X% per year).

Import Prices by Country

In 2020, the average frozen yellowfin tuna import price amounted to $X per ton, approximately equating the previous year. Overall, the import price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. The import price peaked at $X per ton in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Seychelles, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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