Overview of the Global Market for Frozen And Fresh Or Chilled Skipjack Tuna

Market Size for Frozen And Fresh Or Chilled Skipjack Tuna

For the fourth year in a row, the global market for frozen and fresh or chilled skipjack tuna recorded growth in sales value, which increased by X% to $X in 2023. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the global market reached the peak level at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Production of Frozen And Fresh Or Chilled Skipjack Tuna

In value terms, production of frozen and fresh or chilled skipjack tuna stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, global production of hit record highs in 2023 and is expected to retain growth in years to come.

Exports of Frozen And Fresh Or Chilled Skipjack Tuna

Exports

In 2023, after three years of growth, there was decline in overseas shipments of frozen and fresh or chilled skipjack tuna, when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The global exports peaked at X tons in 2022, and then dropped slightly in the following year.

In value terms, exports of frozen and fresh or chilled skipjack tuna declined slightly to $X in 2023. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. The global exports peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Papua New Guinea (X tons), distantly followed by Taiwan (Chinese) (X tons), Spain (X tons), Micronesia (X tons), South Korea (X tons) and Maldives (X tons) represented the key exporters of frozen and fresh or chilled skipjack tuna, together generating X% of total exports. The following exporters - Kiribati (X tons), India (X tons), Marshall Islands (X tons), Indonesia (X tons), Seychelles (X tons) and Japan (X tons) - together made up X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Papua New Guinea (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest frozen and fresh or chilled skipjack tuna supplying countries worldwide were Papua New Guinea ($X), Spain ($X) and Taiwan (Chinese) ($X), together accounting for X% of global exports.

Papua New Guinea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average export price for frozen and fresh or chilled skipjack tuna amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

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

Imports of Frozen And Fresh Or Chilled Skipjack Tuna

Imports

In 2023, approx. X tons of frozen and fresh or chilled skipjack tuna were imported worldwide; waning by X% against 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2023, the growth of global imports of remained at a somewhat lower figure.

In value terms, imports of frozen and fresh or chilled skipjack tuna expanded slightly to $X in 2023. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, global imports of hit record highs at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Thailand prevails in tuna structure, recording X tons, which was near X% of total imports in 2023. The Philippines (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Mauritius (X%). Ecuador (X tons), Japan (X tons), Tunisia (X tons), Turkey (X tons), Vietnam (X tons), Spain (X tons), Indonesia (X tons) and Madagascar (X tons) followed a long way behind the leaders.

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%), Turkey (X%), Indonesia (X%), Madagascar (X%), the Philippines (X%), Tunisia (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. Japan experienced a relatively flat trend pattern. By contrast, Spain (X%) and Ecuador (X%) illustrated a downward trend over the same period. While the share of the Philippines (X p.p.), Mauritius (X p.p.), Vietnam (X p.p.), Turkey (X p.p.) and Tunisia (X p.p.) increased significantly in terms of the global imports from 2012-2023, the share of Spain (X p.p.) and Ecuador (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Thailand, imports of frozen and fresh or chilled skipjack tuna plunged by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: the Philippines (X% per year) and Mauritius (X% per year).

Import Prices by Country

In 2023, the average import price for frozen and fresh or chilled skipjack tuna amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X%. Global import price peaked at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Spain ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform