South-Eastern Asia: Market for Frozen And Fresh Or Chilled Skipjack Tuna 2024

Market Size for Frozen And Fresh Or Chilled Skipjack Tuna in South-Eastern Asia

The Southeast Asian market for frozen and fresh or chilled skipjack tuna dropped to $X in 2023, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2022, and then reduced in the following year.

Production of Frozen And Fresh Or Chilled Skipjack Tuna in South-Eastern Asia

In value terms, production of frozen and fresh or chilled skipjack tuna reached $X in 2023 estimated in export price. The total production indicated tangible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production of reached the maximum level in 2023 and is likely to see gradual growth in the near future.

Exports of Frozen And Fresh Or Chilled Skipjack Tuna

Exports in South-Eastern Asia

In 2023, the amount of frozen and fresh or chilled skipjack tuna exported in South-Eastern Asia declined to X tons, approximately mirroring 2022. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2023, the growth of the exports of remained at a lower figure.

In value terms, exports of frozen and fresh or chilled skipjack tuna fell to $X in 2023. Over the period under review, exports recorded a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2023, the growth of the exports of remained at a lower figure.

Exports by Country

Indonesia prevails in tuna structure, reaching X tons, which was approx. X% of total exports in 2023. It was distantly followed by Vietnam (X tons), mixing up a X% share of total exports. The following exporters - Thailand (X tons) and Malaysia (X tons) - each reached a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to frozen and fresh or chilled skipjack tuna exports from Indonesia stood at X%. Malaysia experienced a relatively flat trend pattern. Thailand (X%) and Vietnam (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Indonesia increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in Indonesia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2023, which is down by X% against the previous year. In general, the export price showed a perceptible decline. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Thailand ($X per ton) and Indonesia ($X per ton), while Malaysia ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced a decline in the export price figures.

Imports of Frozen And Fresh Or Chilled Skipjack Tuna

Imports in South-Eastern Asia

In 2023, approx. X tons of frozen and fresh or chilled skipjack tuna were imported in South-Eastern Asia; with a decrease of X% against the previous year. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports of remained at a lower figure.

In value terms, imports of frozen and fresh or chilled skipjack tuna stood at $X in 2023. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

Thailand was the key importer of frozen and fresh or chilled skipjack tuna in South-Eastern Asia, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2023. It was distantly followed by the Philippines (X tons), generating a X% share of total imports. The following importers - Vietnam (X tons) and Indonesia (X tons) - each accounted for a X% share of total imports.

Thailand experienced a relatively flat trend pattern with regard to volume of imports of frozen and fresh or chilled skipjack tuna. At the same time, Vietnam (X%), Indonesia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2023. While the share of the Philippines (X p.p.), Vietnam (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Thailand (X p.p.) displayed negative dynamics.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Thailand stood at X%. In the other countries, the average annual rates were as follows: the Philippines (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2017 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in the Philippines ($X per ton) and Thailand ($X per ton), while Vietnam ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform