Southern Asia: Frozen Skipjack Tuna Market 2022

Frozen Skipjack Tuna Market Size in Southern Asia

In 2020, the South Asian frozen skipjack tuna market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2019 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2020, consumption failed to regain the momentum.

Frozen Skipjack Tuna Production in Southern Asia

In value terms, frozen skipjack tuna production dropped slightly to $X in 2020 estimated in export prices. In general, production continues to indicate slight growth. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. The level of production peaked at $X in 2013; however, from 2014 to 2020, production failed to regain the momentum.

Production By Country in Southern Asia

India (X tons) remains the largest frozen skipjack tuna producing country in Southern Asia, comprising approx. X% of total volume.

From 2007 to 2020, the average annual growth rate of volume in India amounted to +X%.

Frozen Skipjack Tuna Exports

Exports in Southern Asia

In 2020, shipments abroad of frozen skipjack tuna decreased by -X% to X tons, falling for the second consecutive year after three years of growth. Overall, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, exports reached the peak of X tons. from 2019 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, frozen skipjack tuna exports contracted to $X in 2020. In general, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. from 2019 to 2020, the growth exports remained at a lower figure.

Exports by Country

The biggest shipments were from India (X tons), together reaching X% of total export.

India was also the fastest-growing in terms of the frozen skipjack tuna exports, with a CAGR of +X% from 2007 to 2020. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest frozen skipjack tuna supplier in Southern Asia.

From 2007 to 2020, the average annual growth rate of value in India totaled +X%.

Export Prices by Country

The frozen skipjack tuna export price in Southern Asia stood at $X per ton in 2020, declining by -X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. Over the period under review, export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

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

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

Frozen Skipjack Tuna Imports

Imports in Southern Asia

In 2020, after two years of growth, there was significant decline in supplies from abroad of frozen skipjack tuna, when their volume decreased by -X% to X tons. Overall, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2019 when imports increased by X% year-to-year. The volume of import peaked at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, frozen skipjack tuna imports fell to $X in 2020. In general, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2019 with an increase of X% year-to-year. The level of import peaked at $X in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Sri Lanka (X tons) represented the major importer of frozen skipjack tuna, constituting X% of total imports. It was distantly followed by India (X tons), making up a X% share of total imports.

Sri Lanka experienced a relatively flat trend pattern with regard to volume of imports of frozen skipjack tuna. India (-X%) illustrated a downward trend over the same period. Sri Lanka (+X p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, Sri Lanka ($X) constitutes the largest market for imported frozen skipjack tuna in Southern Asia, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports.

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

Import Prices by Country

The frozen skipjack tuna import price in Southern Asia stood at $X per ton in 2020, rising by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the import price increased by X% year-to-year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2020, the country with the highest price was Sri Lanka ($X per ton), while India totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Sri Lanka.

Source: IndexBox Platform

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