Eastern Asia: Bigeye Tuna Market 2022

Bigeye Tuna Market Size in Eastern Asia

The East Asian bigeye tuna market dropped slightly to $X in 2020, falling by -X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2020, consumption failed to regain the momentum.

Bigeye Tuna Production in Eastern Asia

In value terms, bigeye tuna production dropped to $X in 2020 estimated in export prices. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. from 2012 to 2020, production growth remained at a somewhat lower figure.

Production By Country in Eastern Asia

The countries with the highest volumes of bigeye tuna production in 2020 were Taiwan (Chinese) (X tons), China (X tons) and South Korea (X tons), together comprising X% of total production.

From 2007 to 2020, the most notable rate of growth in terms of bigeye tuna production, amongst the main producing countries, was attained by China, while bigeye tuna production for the other leaders experienced more modest paces of growth.

Bigeye Tuna Exports

Exports in Eastern Asia

In 2020, overseas shipments of bigeye tuna decreased by -X% to X tons, falling for the fourth consecutive year after three years of growth. Overall, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2016 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at X tons in 2009; however, from 2010 to 2020, exports stood at a somewhat lower figure.

In value terms, bigeye tuna exports contracted remarkably to $X in 2020. Over the period under review, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2010; however, from 2011 to 2020, exports remained at a lower figure.

Exports by Country

In 2020, China (X tons) was the major exporter of bigeye tuna, making up X% of total exports. South Korea (X tons) ranks second in terms of the total exports with a X% share, followed by Japan (X%).

From 2007 to 2020, the biggest increases were in Japan, while shipments for the other leaders experienced a decline in the exports figures.

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

In China, bigeye tuna exports declined by an average annual rate of -X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: South Korea (-X% per year) and Japan (-X% per year).

Export Prices by Country

In 2020, the bigeye tuna export price in Eastern Asia amounted to $X per ton, declining by -X% against the previous year. Overall, the export price recorded a pronounced decrease. The growth pace was the most rapid in 2011 when the export price increased by 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 export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was China ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced a decline in the export price figures.

Bigeye Tuna Imports

Imports in Eastern Asia

In 2020, supplies from abroad of bigeye tuna was finally on the rise to reach X tons for the first time since 2014, thus ending a five-year declining trend. In general, imports, however, showed a perceptible setback. 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, bigeye tuna imports declined to $X in 2020. Overall, imports, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of bigeye tuna imports in 2020 were Japan (X tons), together resulting at X% of total import.

Japan was also the fastest-growing in terms of the bigeye tuna imports, with a CAGR of -X% from 2007 to 2020. From 2007 to 2020, the share of Japan increased by +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported bigeye tuna in Eastern Asia.

In Japan, bigeye tuna imports plunged by an average annual rate of -X% over the period from 2007-2020.

Import Prices by Country

In 2020, the bigeye tuna import price in Eastern Asia amounted to $X per ton, which is down by -X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the import price increased by X% y-o-y. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

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

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

Source: IndexBox Platform

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