Ecuador: Frozen Skipjack Tuna Market 2022

Frozen Skipjack Tuna Market Size in Ecuador

In 2020, the Ecuadorian frozen skipjack tuna market decreased by -X% to $X for the first time since 2016, thus ending a three-year rising trend. Overall, consumption, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Frozen skipjack tuna consumption peaked at $X in 2010; however, from 2011 to 2020, consumption remained at a lower figure.

Frozen Skipjack Tuna Exports

Exports from Ecuador

In 2020, after twelve years of decline, there was significant growth in shipments abroad of frozen skipjack tuna, when their volume increased by X% to X tons. Overall, exports, however, continue to indicate a deep contraction. Over the period under review, exports reached the peak figure at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, frozen skipjack tuna exports skyrocketed to $X in 2020. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. Exports peaked at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Peru (X tons), Colombia (X tons) and Seychelles (X tons) were the main destinations of frozen skipjack tuna exports from Ecuador, together accounting for X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Seychelles, while exports for the other leaders experienced a decline.

In value terms, the largest markets for frozen skipjack tuna exported from Ecuador were Peru ($X), Colombia ($X) and Seychelles ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Seychelles saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average frozen skipjack tuna export price stood at $X per ton in 2020, falling by -X% against the previous year. In general, export price indicated a temperate expansion from 2007 to 2020: its price 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. Based on 2020 figures, frozen skipjack tuna export price decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per ton. from 2019 to 2020, the growth in terms of the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2020, the country with the highest price was Seychelles ($X per ton), while the average price for exports to Colombia ($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 Peru, while the prices for the other major destinations experienced mixed trend patterns.

Frozen Skipjack Tuna Imports

Imports into Ecuador

In 2020, after three years of growth, there was significant decline in overseas purchases of frozen skipjack tuna, when their volume decreased by -X% to X tons. Over the period under review, imports, however, enjoyed a modest increase. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at X tons in 2010; however, from 2011 to 2020, imports remained at a lower figure.

In value terms, frozen skipjack tuna imports fell to $X in 2020. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

Venezuela (X tons), Panama (X tons) and Kiribati (X tons) were the main suppliers of frozen skipjack tuna imports to Ecuador, with a combined X% share of total imports. Cote d'Ivoire, Spain, the U.S., Seychelles, American Samoa, El Salvador, Curacao, United States Minor Outlying Islands and Afghanistan lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in Curacao (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Venezuela ($X), Panama ($X) and Kiribati ($X) appeared to be the largest frozen skipjack tuna suppliers to Ecuador, together comprising X% of total imports. Cote d'Ivoire, Spain, the U.S., American Samoa, Seychelles, United States Minor Outlying Islands, Curacao, El Salvador and Afghanistan lagged somewhat behind, together comprising a further X (+X% per year) saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen skipjack tuna import price stood at $X per ton in 2020, increasing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Afghanistan ($X per ton), while the price for El Salvador ($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 more modest paces of growth.

Source: IndexBox Platform

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