Southern Asia: Bigeye Tuna Market 2022

Bigeye Tuna Market Size in Southern Asia

In 2020, the South Asian bigeye tuna market decreased by -X% to $X, falling for the sixth year in a row after four years of growth. In general, consumption showed a perceptible decrease. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Bigeye Tuna Production in Southern Asia

In value terms, bigeye tuna production skyrocketed to $X in 2020 estimated in export prices. Over the period under review, production recorded a strong expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. The level of production peaked at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

Production By Country in Southern Asia

Sri Lanka (X tons) constituted the country with the largest volume of bigeye tuna production, accounting for X% of total volume. Moreover, bigeye tuna production in Sri Lanka exceeded the figures recorded by the second-largest producer, Pakistan (X tons), threefold.

In Sri Lanka, bigeye tuna production increased at an average annual rate of +X% over the period from 2007-2020.

Bigeye Tuna Exports

Exports in Southern Asia

In 2020, shipments abroad of bigeye tuna increased by X% to X tons, rising for the fifth consecutive year after three years of decline. Overall, exports posted a prominent increase. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in years to come.

In value terms, bigeye tuna exports surged to $X in 2020. In general, exports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2012 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. from 2013 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Sri Lanka (X tons) represented roughly X% of total exports of bigeye tuna in 2020.

Sri Lanka was also the fastest-growing in terms of the bigeye tuna exports, with a CAGR of +X% from 2007 to 2020. Sri Lanka (+X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sri Lanka ($X) also remains the largest bigeye tuna supplier in Southern Asia.

From 2007 to 2020, the average annual growth rate of value in Sri Lanka stood at +X%.

Export Prices by Country

The bigeye tuna export price in Southern Asia stood at $X per ton in 2020, picking up by X% against the previous year. In general, the export price, however, showed a perceptible decline. The pace of growth appeared the most rapid in 2011 when the export price increased by X% y-o-y. The level of export peaked at $X per ton in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for Sri Lanka.

From 2007 to 2020, the rate of growth in terms of prices for Sri Lanka amounted to -X% per year.

Bigeye Tuna Imports

Imports in Southern Asia

In 2020, overseas purchases of bigeye tuna were finally on the rise to reach X tons after four years of decline. Overall, imports continue to indicate a modest increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. from 2016 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, bigeye tuna imports fell to $X in 2020. Over the period under review, imports recorded a pronounced decline. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

Imports by Country

The purchases of the one major importers of bigeye tuna, namely Sri Lanka, represented more than two-thirds of total import.

Sri Lanka was also the fastest-growing in terms of the bigeye tuna imports, with a CAGR of +X% from 2007 to 2020. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Sri Lanka ($X) constitutes the largest market for imported bigeye tuna in Southern Asia.

From 2007 to 2020, the average annual rate of growth in terms of value in Sri Lanka totaled -X%.

Import Prices by Country

The bigeye tuna import price in Southern Asia stood at $X per ton in 2020, with a decrease of -X% against the previous year. In general, the import price saw a noticeable setback. The pace of growth was the most pronounced in 2012 when the import price increased by X% y-o-y. The level of import peaked at $X per ton in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Sri Lanka.

From 2007 to 2020, the rate of growth in terms of prices for Sri Lanka amounted to -X% per year.

Source: IndexBox Platform

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