South-Eastern Asia: Frozen Skipjack Tuna Market 2022

Frozen Skipjack Tuna Market Size in South-Eastern Asia

The Southeast Asian frozen skipjack tuna market surged to $X in 2020, picking up by X% against the previous year. The total consumption indicated a measured expansion from 2007 to 2020: its value 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. The pace of growth appeared the most rapid in 2013 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. from 2014 to 2020, the growth of the market remained at a somewhat lower figure.

Frozen Skipjack Tuna Production in South-Eastern Asia

In value terms, frozen skipjack tuna production shrank slightly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2020, production failed to regain the momentum.

Production By Country in South-Eastern Asia

Indonesia (X tons) constituted the country with the largest volume of frozen skipjack tuna production, comprising approx. X% of total volume.

In Indonesia, frozen skipjack tuna production expanded at an average annual rate of +X% over the period from 2007-2020.

Frozen Skipjack Tuna Exports

Exports in South-Eastern Asia

Frozen skipjack tuna exports reached X tons in 2020, leveling off at the previous year's figure. Overall, exports recorded a noticeable increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% year-to-year. As a result, exports attained the peak of X tons. from 2018 to 2020, the growth exports failed to regain the momentum.

In value terms, frozen skipjack tuna exports shrank slightly to $X in 2020. In general, exports enjoyed noticeable growth. The pace of growth was the most pronounced in 2017 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. from 2018 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Indonesia dominates frozen skipjack tuna exports structure, reaching X tons, which was approx. X% of total exports in 2020. The following exporters - Thailand (X tons) and Vietnam (X tons) - each resulted at an X% share of total exports.

Indonesia was also the fastest-growing in terms of the frozen skipjack tuna exports, with a CAGR of +X% from 2007 to 2020. At the same time, Thailand (+X%) displayed positive paces of growth. By contrast, Vietnam (-X%) illustrated a downward trend over the same period. While the share of Indonesia (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Vietnam (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest frozen skipjack tuna supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total exports.

In Indonesia, frozen skipjack tuna exports increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Thailand (+X% per year) and Vietnam (-X% per year).

Export Prices by Country

In 2020, the frozen skipjack tuna export price in South-Eastern Asia amounted to $X per ton, waning by -X% against the previous year. Export price indicated a modest increase 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 export price decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. Over the period under review, export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2020, the country with the highest price was Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Frozen Skipjack Tuna Imports

Imports in South-Eastern Asia

In 2020, imports of frozen skipjack tuna in South-Eastern Asia soared to X tons, picking up by X% on the year before. Total imports indicated a notable expansion from 2007 to 2020: its volume 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, imports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2009 when imports increased by X% year-to-year. The volume of import peaked in 2020 and is likely to see gradual growth in the immediate term.

In value terms, frozen skipjack tuna imports soared to $X in 2020. Total imports indicated a perceptible expansion from 2007 to 2020: its value 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, imports decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. from 2014 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, Thailand (X tons) represented the major importer of frozen skipjack tuna, creating X% of total imports. It was distantly followed by the Philippines (X tons), making up a X% share of total imports. The following importers - Indonesia (X tons) and Vietnam (X tons) - each accounted for a X% share of total imports.

Imports into Thailand increased at an average annual rate of +X% from 2007 to 2020. At the same time, Indonesia (+X%), Vietnam (+X%) and the Philippines (+X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +X% from 2007-2020. The Philippines (+X p.p.), Indonesia (+X p.p.) and Vietnam (+X p.p.) significantly strengthened its position in terms of the total imports, while Thailand saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, Thailand ($X) constitutes the largest market for imported frozen skipjack tuna in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by the Philippines ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

In Thailand, frozen skipjack tuna imports increased at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: the Philippines (+X% per year) and Indonesia (+X% per year).

Import Prices by Country

In 2020, the frozen skipjack tuna import price in South-Eastern Asia amounted to $X per ton, approximately equating the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Thailand ($X per ton) and the Philippines ($X per ton), while Indonesia ($X per ton) and Vietnam ($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 other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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