Southern Asia: Market for Frozen And Fresh Or Chilled Skipjack Tuna 2024

Market Size for Frozen And Fresh Or Chilled Skipjack Tuna in Southern Asia

In 2023, the South Asian market for frozen and fresh or chilled skipjack tuna decreased by X% to $X, falling for the fourth consecutive year after two years of growth. Over the period under review, consumption recorded a noticeable descent. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Production of Frozen And Fresh Or Chilled Skipjack Tuna in Southern Asia

In value terms, production of frozen and fresh or chilled skipjack tuna expanded remarkably to $X in 2023 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Exports of Frozen And Fresh Or Chilled Skipjack Tuna

Exports in Southern Asia

In 2023, approx. X tons of frozen and fresh or chilled skipjack tuna were exported in Southern Asia; increasing by X% compared with the previous year's figure. Overall, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports of reached the peak figure in 2023 and are likely to see gradual growth in years to come.

In value terms, exports of frozen and fresh or chilled skipjack tuna skyrocketed to $X in 2023. Over the period under review, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs in 2023 and are likely to see steady growth in the near future.

Exports by Country

In 2023, Maldives (X tons) represented the key exporter of frozen and fresh or chilled skipjack tuna, constituting X% of total exports. It was distantly followed by India (X tons), achieving a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India (with a CAGR of X%).

In value terms, the largest frozen and fresh or chilled skipjack tuna supplying countries in Southern Asia were Maldives ($X) and India ($X).

In terms of the main exporting countries, India, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, saw a pronounced downturn. The pace of growth was the most pronounced in 2022 when the export price increased by X%. The level of export peaked 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, amid the top suppliers, the country with the highest price was Maldives ($X per ton), while India stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%).

Imports of Frozen And Fresh Or Chilled Skipjack Tuna

Imports in Southern Asia

In 2023, approx. X tons of frozen and fresh or chilled skipjack tuna were imported in Southern Asia; waning by X% on the previous year. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, imports of attained the maximum at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, imports of frozen and fresh or chilled skipjack tuna shrank significantly to $X in 2023. Over the period under review, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports of hit record highs at $X in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Sri Lanka represented the key importer of frozen and fresh or chilled skipjack tuna in Southern Asia, with the volume of imports accounting for X tons, which was near X% of total imports in 2023. It was distantly followed by Maldives (X tons), making up a X% share of total imports.

Imports into Sri Lanka decreased at an average annual rate of X% from 2012 to 2023. At the same time, Maldives (X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. While the share of Maldives (X p.p.) and Sri Lanka (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sri Lanka ($X) and Maldives ($X) were the countries with the highest levels of imports in 2023.

In terms of the main importing countries, Maldives, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per ton, increasing by X% against the previous year. In general, the import price enjoyed mild growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Maldives ($X per ton), while Sri Lanka totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%).

Source: IndexBox Platform