Japan: Frozen Yellowfin Tuna Market 2022

Frozen Yellowfin Tuna Market Size in Japan

In 2020, the Japanese frozen yellowfin tuna market decreased by -X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Frozen yellowfin tuna consumption peaked at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Frozen Yellowfin Tuna Exports

Exports from Japan

Frozen yellowfin tuna exports from Japan dropped remarkably to X tons in 2020, declining by -X% against 2019 figures. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum at X tons in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen yellowfin tuna exports dropped markedly to $X in 2020. In general, exports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. from 2014 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Thailand (X tons) was the main destination for frozen yellowfin tuna exports from Japan, accounting for a X% share of total exports. Moreover, frozen yellowfin tuna exports to Thailand exceeded the volume sent to the second major destination, Indonesia (X tons), fourfold. Vietnam (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 Thailand amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-X% per year) and Vietnam (-X% per year).

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

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

Export Prices by Country

In 2020, the average frozen yellowfin tuna export price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, export 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 yellowfin tuna export price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2012 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per ton. from 2013 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Average prices varied somewhat for the major foreign 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 Thailand ($X per ton) and Indonesia ($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 Yellowfin Tuna Imports

Imports into Japan

For the fourth year in a row, Japan recorded decline in overseas purchases of frozen yellowfin tuna, which decreased by -X% to X tons in 2020. Overall, imports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, frozen yellowfin tuna imports reduced to $X in 2020. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Imports peaked at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

Taiwan (Chinese) (X tons), Seychelles (X tons) and China (X tons) were the main suppliers of frozen yellowfin tuna imports to Japan, together comprising X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Seychelles, while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Seychelles ($X) and China ($X) constituted the largest frozen yellowfin tuna suppliers to Japan, with a combined X% share of total imports.

Seychelles recorded the highest growth rate of 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

In 2020, the average frozen yellowfin tuna import price amounted to $X per ton, reducing by -X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Vanuatu, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :