Peru: Frozen Yellowfin Tuna Market 2022

Frozen Yellowfin Tuna Market Size in Peru

The Peruvian frozen yellowfin tuna market shrank significantly to $X in 2020, with a decrease of -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a abrupt setback. The pace of growth appeared the most rapid in 2014 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2019, and then shrank sharply in the following year.

Frozen Yellowfin Tuna Exports

Exports from Peru

In 2020, overseas shipments of frozen yellowfin tuna increased by X% to X tons for the first time since 2016, thus ending a three-year declining trend. In general, exports, however, recorded a abrupt decrease. Over the period under review, exports hit record highs at X tons in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen yellowfin tuna exports soared to $X in 2020. Over the period under review, exports, however, saw a abrupt curtailment. Exports peaked at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Ecuador (X tons) was the main destination for frozen yellowfin tuna exports from Peru, with a X% share of total exports. Moreover, frozen yellowfin tuna exports to Ecuador exceeded the volume sent to the second major destination, Spain (X tons), fourfold.

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

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

From 2007 to 2020, the average annual growth rate of value to Ecuador amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+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 under review, the export price, however, continues to indicate slight growth. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. As a result, export price attained the peak level of $X per ton. from 2012 to 2020, the growth in terms of the average export prices failed to regain the momentum.

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

Frozen Yellowfin Tuna Imports

Imports into Peru

In 2020, frozen yellowfin tuna imports into Peru dropped remarkably to X tons, which is down by -X% on the year before. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019, and then shrank dramatically in the following year.

In value terms, frozen yellowfin tuna imports declined dramatically to $X in 2020. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019, and then dropped markedly in the following year.

Imports by Country

In 2020, Ecuador (X tons) constituted the largest frozen yellowfin tuna supplier to Peru, accounting for a X% share of total imports. Moreover, frozen yellowfin tuna imports from Ecuador exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold.

From 2007 to 2020, the average annual growth rate of volume from Ecuador amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-X% per year) and France (+X% per year).

In value terms, Ecuador ($X) constituted the largest supplier of frozen yellowfin tuna to Peru, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Ecuador amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-X% per year) and France (-X% per year).

Import Prices by Country

In 2020, the average frozen yellowfin tuna import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per ton in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Ecuador ($X per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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