Japan: Frozen Skipjack Tuna Market 2022

Frozen Skipjack Tuna Market Size in Japan

In 2020, the Japanese frozen skipjack tuna market decreased by -X% to $X, falling for the third consecutive year after seven years of growth. Overall, consumption showed a abrupt curtailment. The most prominent rate of growth was recorded in 2011 when the market value increased by X% against the previous year. Frozen skipjack tuna consumption peaked at $X in 2008; however, from 2009 to 2020, consumption remained at a lower figure.

Frozen Skipjack Tuna Exports

Exports from Japan

Frozen skipjack tuna exports from Japan totaled X tons in 2020, picking up by X% on 2019. Over the period under review, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. As a result, exports attained the peak of X tons. from 2011 to 2020, the growth exports remained at a lower figure.

In value terms, frozen skipjack tuna exports expanded rapidly to $X in 2020. In general, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

Exports by Country

Thailand (X tons) was the main destination for frozen skipjack tuna exports from Japan, accounting for a X% share of total exports. Moreover, frozen skipjack tuna exports to Thailand exceeded the volume sent to the second major destination, Indonesia (X tons), fivefold. The Philippines (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Thailand amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+X% per year) and the Philippines (+X% per year).

In value terms, Thailand ($X) remains the key foreign market for frozen skipjack tuna exports from Japan, comprising X% of total exports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total exports. It was followed by the Philippines, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Thailand amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+X% per year) and the Philippines (+X% per year).

Export Prices by Country

The average frozen skipjack tuna export price stood at $X per ton in 2020, rising by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2020, the countries with the highest prices were the Philippines ($X per ton) and Vietnam ($X per ton), while the average price for exports to Indonesia ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Skipjack Tuna Imports

Imports into Japan

In 2020, the amount of frozen skipjack tuna imported into Japan reduced rapidly to X tons, which is down by -X% compared with the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. Imports peaked at X tons in 2010; however, from 2011 to 2020, imports remained at a lower figure.

In value terms, frozen skipjack tuna imports contracted significantly to $X in 2020. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. from 2018 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, Indonesia (X tons) constituted the largest supplier of frozen skipjack tuna to Japan, with a X% share of total imports. Moreover, frozen skipjack tuna imports from Indonesia exceeded the figures recorded by the second-largest supplier, Belize (X tons), more than tenfold. Micronesia (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Indonesia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belize (+X% per year) and Micronesia (+X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of frozen skipjack tuna to Japan, comprising X% of total imports. The second position in the ranking was occupied by Micronesia ($X), with a X% share of total imports. It was followed by Belize, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Indonesia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Micronesia (+X% per year) and Belize (+X% per year).

Import Prices by Country

The average frozen skipjack tuna import price stood at $X per ton in 2020, remaining relatively unchanged against the previous year. In general, import price indicated modest growth from 2007 to 2020: its price 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, frozen skipjack tuna import price decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2011 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the countries with the highest prices were Micronesia ($X per ton) and Indonesia ($X per ton), while the price for Panama ($X per ton) and Belize ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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