Mexico: Frozen Yellowfin Tuna Market 2022

Frozen Yellowfin Tuna Market Size in Mexico

The Mexican frozen yellowfin tuna market totaled $X in 2019, stabilizing at the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2010; afterwards, it flattened through to 2019.

Frozen Yellowfin Tuna Production in Mexico

In value terms, frozen yellowfin tuna production contracted dramatically to $X in 2020 estimated in export prices. In general, production, however, showed a tangible increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2019, and then declined rapidly in the following year.

Frozen Yellowfin Tuna Exports

Exports from Mexico

In 2020, shipments abroad of frozen yellowfin tuna decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. In general, exports, however, saw a pronounced expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at X tons in 2019, and then shrank remarkably in the following year.

In value terms, frozen yellowfin tuna exports dropped markedly to $X in 2020. Overall, exports, however, posted a moderate increase. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. As a result, exports attained the peak of $X. from 2019 to 2020, the growth exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for frozen yellowfin tuna exports from Mexico, accounting for a X% share of total exports. Moreover, frozen yellowfin tuna exports to Spain exceeded the volume sent to the second major destination, France (X tons), more than tenfold.

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

In value terms, Spain ($X) remains the key foreign market for frozen yellowfin tuna exports from Mexico, comprising X% of total exports. The second position in the ranking was occupied by Guatemala ($X), with a X% share of total exports.

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

Export Prices by Country

In 2020, the average frozen yellowfin tuna export price amounted to $X per ton, waning by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2018; however, from 2019 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Guatemala ($X per ton), while the average price for exports to Spain ($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 Guatemala, while the prices for the other major destinations experienced a decline.

Frozen Yellowfin Tuna Imports

Imports into Mexico

After four years of decline, supplies from abroad of frozen yellowfin tuna increased by X% to X tons in 2020. In general, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2012 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. from 2013 to 2020, the growth imports failed to regain the momentum.

In value terms, frozen yellowfin tuna imports rose modestly to $X in 2020. Over the period under review, imports saw a temperate expansion. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. As a result, imports reached the peak of $X. from 2013 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Marshall Islands (X tons), the U.S. (X tons) and Thailand (X tons) were the main suppliers of frozen yellowfin tuna imports to Mexico, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in Marshall Islands, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Marshall Islands ($X), Venezuela ($X) and the U.S. ($X) appeared to be the largest frozen yellowfin tuna suppliers to Mexico, together comprising X% of total imports.

Marshall Islands recorded the highest growth rate of the value of imports, among 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 yellowfin tuna import price stood at $X per ton in 2020, falling by -X% against the previous year. Over the period under review, the import price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2012 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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 Venezuela ($X per ton), while the price for Seychelles ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Venezuela, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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